Common use of Time for Enforcement Clause in Contracts

Time for Enforcement. On and at any time after the occurrence of a Relevant Event (which is continuing) or if a petition or application is presented for the making of an administration order in relation to the Chargor or if any person gives written notice of its intention to appoint an administrator of the Chargor or files such a notice with the court, the security created by or pursuant to this Charge is immediately enforceable and the Secured Party may, without notice to the Chargor or prior authorisation from any court, in its absolute discretion:

Appears in 4 contracts

Samples: Shareholders’ Agreement (MIE Holdings Corp), Restatement Agreement (MIE Holdings Corp), Shareholders’ Agreement (MIE Holdings Corp)

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