Should. (i) Default be made in the payment of any obligation, or breach be made in any warranty, statement, promise, term or condition, contained herein or hereby secured;
(ii) Any statement or representation made for the purpose of obtaining credit hereunder prove false; (iii) Bank deem the Collateral inadequate or unsafe or in danger of misuse;
Should. (i) Default be made in the payment of any obligation, or breach be made in any warranty, statement, promise, term or condition, contained herein or hereby secured;
(ii) Any statement or representation made for the purpose of obtaining credit hereunder prove false; (iii) Bank deem the Collateral inadequate or unsafe or in danger of misuse;
(iv) Borrower become insolvent or make an assignment for the benefit of creditors; or
(v) Any proceeding be commended by or against Borrower under any bankruptcy, reorganization, arrangement, readjustment of debt or moratorium law or statute; then in any such event, Bank may, at its option and without demand first made and without notice to Borrower, do any one or more of the following:
(a) Terminate its obligation to make loans to Borrower as provided in Section 1 hereof; (b) Declare all sums secured hereby immediately due and payable;
(c) Immediately take possession of the Collateral wherever it may be found, using all necessary force so to do, or require Borrower to assemble the Collateral and make it available to Bank at a place designated by Bank which is reasonably convenient to Borrower and Bank, and Borrower waives all claims for damages due to or arising from or connected with any such taking; (d) Proceed in the foreclosure of Bank's security interest and sale of the Collateral in any manner permitted by law, or provided for herein; (e) Sell, lease or otherwise dispose of the Collateral at public or private sale, with or without having the Collateral at the place of sale, and upon terms and in such manner as Bank may determine, and Bank may purchase same at any such sale; (f) Retain the Collateral in full satisfaction of the obligations secured thereby;
Should. 8.1.1 the estate of either of the parties be finally sequestrated or liquidated (as the case may be) or placed under judicial management or business rescue, or
8.1.2 either of the parties (hereinafter referred to as the “defaulting party”) commit a breach of any of the terms of this agreement (including failing to make any payments on due date) and fail to remedy such breach within seven (7) days of date of delivery by the other party (hereinafter referred to as the “aggrieved party”) of written notice calling upon the defaulting party to remedy such breach; then the aggrieved party shall in such circumstances forthwith be entitled to either- cancel this agreement without prejudice to any rights which the aggrieved party may have in terms of this agreement or in terms of law; OR to claim specific performance by the defaulting party of his obligations in terms of this agreement.
Should. SE make changes in the Terms and Conditions of Registration, the Registrar has the unilateral right to make the accordingly necessary alterations of the terms and conditions in this Agreement.
Should. A particular action is required unless there is a demonstrated, compelling reason, based on policy of the SMA and this SMP, against taking the action.
Should. (i) Default be made in the payment of any obligation, or breach be made in any warranty, statement, promise, term or condition, contained herein or hereby secured;
(ii) Any statement or representation made for the purpose of obtaining credit hereunder prove false; (iii) Bank deem the Collateral inadequate or unsafe or in danger of misuse;
(iv) Borrower become insolvent or make an assignment for the benefit of creditors; or
(v) Any proceeding be commenced by or against Borrower under any bankruptcy, reorganization, arrangement, readjustment of debt or moratorium law or statute; then in any such event, Bank may, at its option and without demand first made and without notice to Borrower, do any one or more of the following:
(a) Terminate its obligation to make loans to Borrower as provided in Section 1 hereof; (b) Declare all sums secured hereby immediately due and payable;
Should. A particular action is required unless there is a demonstrated, compelling reason, based on policy of the SMA and this SMP, against taking the action. STAKEHOLDER: A party or entity (person, organization, group, etc.) who has an interest in the SMP update. STRATEGY: See “implementing strategy”. STRUCTURE: A permanent or temporary edifice or building, or any piece of work artificially built or composed of parts joined together in some definite manner, which is installed on, above, or below the surface of the ground or water, except for vessels. SUBDUCTION: The process that takes place where two tectonic plate meet whereby one plate moves under another plate and sinks into the mantle as the plates converge. Regions where this process occurs are known as subduction zones.
Should. Indicates something that is recommended but not mandatory. Failure to do what "should" be done will not result in rejection of your Bid.
Should. (i) An Event of Default occur in the payment of any obligation, or breach be made in any warranty, statement, promise, term or condition, contained herein or hereby secured;
(ii) Any statement or representation made for the purpose of obtaining credit hereunder prove materially false; (iii) Bank deem the Collateral materially inadequate or in relation to the outstanding obligations;
Should. (i) Default which is not cured by Borrower within fifteen (15) days of receipt of notice thereof be made in the payment of any obligation, or breach be made in any warranty, statement, promise, term or condition, contained herein or hereby secured;
(ii) Any material statement or representation made for the purpose of obtaining credit hereunder prove false; (iii)
