Seizure of Collateral. Any portion of the Collateral is subject to attachment, seizure or is otherwise levied upon or comes into possession of any Judicial Officer or Assignee; provided, however that Debtor shall have ten (10) days to post a bond to cause such attachment, seizure or levy to be fully released or removed after the occurrence of such event.
Seizure of Collateral. If an Event of Default is not cured to Lender’s satisfaction within ten (10) days following notification from Lender to Borrower of such Event of Default, then in addition to Xxxxxx’s right to collect the Loan Fee, (i) Lender may promptly seize and take possession and control of all the Collateral, and (ii) assign all Collateral to the entity of Lender’s choice to effectuate the takeover, transfer, and exclusive ownership and control by Lender of the Collateral (a “Seizure”). Xxxxxxxx agrees to promptly sign all paperwork necessary for the Seizure. ANY PROVISION OF THIS AGREEMENT, THE PROMISSORY NOTE, OR THE GUARANTY (THE “LOAN DOCUMENTS”) NOTWITHSTANDING, IN NO EVENT SHALL THE INTEREST ACCRUED WITH RESPECT TO THE PRINCIPAL LOAN EXCEED THE RATE PERMITTED UNDER APPLICABLE LAW AND IF THE APPLICATION OF THE PROVISIONS OF ANY LOAN DOCUMENT WOULD RESULT IN THE ACCRUAL OF INTEREST IN EXCESS OF THAT PERMITTED UNDER APPLICABLE LAW, THE INTEREST ACCRUED SHALL BE LIMITED TO THE MAXIMUM RATE PERMITTED UNDER APPLICABLE LAW FOR A BUSINESS SHORT TERM LOAN.
Seizure of Collateral. SECURED PARTY AGREES THAT IN THE EVENT OF SEIZURE OF THE COLLATERAL UPON A DEFAULT, SUCH COLLATERAL OF EVANX XXX BELL XXXLL BE SEIZED AND SOLD ON A PRO RATA BASIS ONLY. BY WAY OF EXAMPLE, IN THE EVENT OF $100,000 REMAINED OWED TO THE SECURED PARTY UPON DEFAULT, SO MUCH OF EVANX XXX BELL'X XXXRES SHALL BE SEIZED AND SOLD SO
Seizure of Collateral. Any portion of the Collateral shall be seized or taken 77 by a Governmental Body, or any Loan Party or the title and rights of Loan Parties shall have become the subject matter of claim, litigation, suit or other proceeding which might, in the opinion of Collateral Agent, upon final determination, result in a forfeiture, impairment or loss of the security provided by this Agreement or the Other Documents;
Seizure of Collateral. Any material portion of the Collateral shall be seized or taken by a Governmental Body, or Borrower or the title and rights of Borrower or any Original Owner which is the owner of any material portion of the Collateral shall have become the subject matter of litigation which would reasonably be expected to have a Material Adverse Effect;
Seizure of Collateral. Upon the occurrence of an Event of Default the Agent shall have the absolute and unconditional right, without prior notice or any prior hearing of any kind whatsoever, to seize and take possession of the Collateral, and the Pledgor does hereby expressly waive any right to any prior notice or any prior hearing prior to seizure and taking possession of the Collateral by the Agent.
Seizure of Collateral. Any portion of the Collateral shall be seized or taken by someone other than Lender;
Seizure of Collateral. Upon the occurrence of an Event of Default MFC shall have the absolute and unconditional right, without prior notice or any prior hearing of any kind whatsoever, to seize and take possession of the Collateral, and Druxxxxx xxes hereby expressly waive any right to any prior notice or any prior hearing prior to seizure and taking possession of the Collateral by MFC.
Seizure of Collateral. Enter upon any premises on which the Collateral may be situated and remove the same therefrom without liability for trespass or any other right of action by reason of Ore’s taking possession of the Collateral.
Seizure of Collateral. Any portion of the Collateral is subject to attachment, seizure or is otherwise levied upon or comes into possession of any Judicial Officer or Assignee.
