Enforcement Time definition

Enforcement Time means any time at which an Event of Default has occurred and is continuing.

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Enforcement Time means any time at which an Event of Default has happened and is continuing. Officer, in relation to a Person, means any officer, employee or agent of that Person.

Enforcement Time means the date on which the Lender gives notice (in whatever form) of the occurrence of any breach or default (however described) by any Obligor or any other person (other than a Chargee) under or in connection with the Facility or the Facility Letter or any other documents in connection therewith, and the Lender either (i) makes a demand for repayment of the Facility or (ii) takes any step to enforce any of the Property Security;

Examples of Enforcement Time in a sentence

• The Chargee may enforce the Chargee Security at any time which is an Enforcement Time or if the Chargor requests it to do so.

• This may be done on one or more occasion, but only (a) during an Enforcement Time or (b) if the Chargee reasonably considers that its security over the assets concerned is in jeopardy and that it is necessary to do so to protect or preserve its security.

• The Pledgor and the Pledgee agree that the Company is hereby directed (and the Company, by countersigning this Pledge Agreement, accepts), during an Enforcement Time after prior written notification to the Pledgor and the Company referred to in clause 6.2.(b) to make direct payment of all such dividends and other distributions to the Pledgee.

• Notwithstanding the expiration or termination of this License, the provisions of paragraphs 4, Governing Law; Enforcement; Time of the Essence shall survive and remain effective.

• Subject to clause 2, during an Enforcement Time, the Pledgee shall be entitled to enforce immediately the Pledge in the most favourable manner provided for by Collateral Law and without having regard to the interests of the Pledgor or the Debtor.

• As between the Chargors and the Security Trustee the Charges shall be enforceable, and the powers conferred by Section 101 of the LPA as varied and extended by this Deed shall be exercisable, during an Enforcement Time.

• Each of the Chargors shall before any Enforcement Time be entitled to receive, withdraw or otherwise transfer any credit balance from time to time on any Bank Account.

• During an Enforcement Time, the Pledgee shall be entitled to enforce the Pledge.

• Additional Rules (Enforcement time) This Agreement is revised June 1, 2006 Additional Rules (Enforcement Time) 1.

• Subject to clause 2, during an Enforcement Time the Pledgee shall be entitled to enforce the Pledge in the most favourable manner provided for by the Collateral Law and without having regard to the interest of any Pledgor or any Debtor.

More Definitions of Enforcement Time

Enforcement Time term means the duration of time between the start and the completion of the enforcement procedure. The totality of the time necessary to perform all the actions performed by the enforcement agent must be consistent with a reasonable delay.218

Enforcement Time means any time at which an Event of Default has occurred and is continuing. PayPal Agreement means that certain PayPal payment processing agreement for merchant service dated as of 15 November 2009, between the Pledgor and the Debtor (including, for the avoidance of doubt, the user agreement for PayPal services in a version dated 14 October 2009 (the “User Agreement”).

Enforcement Time means any time at which you are entitled to enforce your rights as mortgagee under the terms of any Mortgage.

Enforcement Time means any time at which an Event of Default has occurred and is continuing. Luxembourg means the Grand Duchy of Luxembourg. Pledge means the security interest over the Shares created and constituted by, and in accordance with, this Pledge Agreement. Secured Obligations has the meaning ascribed to that term in the US Collateral Agreement. Secured Parties has the meaning ascribed to that term in the US Collateral Agreement. Shares means:

Enforcement Time means any time following Automatic Acceleration and the receipt by the Security Trustee of a Special Decision of the Majority Secured Creditors approving the taking of Enforcement Action in relation to any Obligor pursuant to clause 7.1 (Permitted Enforcement) of the Intercreditor Agreement (each term as defined therein).