SECURITY ENFORCEABLE definition
SECURITY ENFORCEABLE. Any Security Interest granted by any member of the Group (other than the China Project) becomes enforceable and steps are taken to enforce the same which are not withdrawn or stayed within 14 days.
SECURITY ENFORCEABLE any present or future security on or over the assets of the Chargors, VKSTD or MULCD becomes enforceable and any step (including the taking of possession or the appointment of a receiver, manager or similar officer) is taken to enforce that security; or
SECURITY ENFORCEABLE any present or future security on, over or with respect to the assets of the Borrower and/or any one of its subsidiaries become enforceable or any beneficiary of encumbrances takes possession or a receiver is appointed of the whole or any material part of the undertaking, property and assets of the Borrower and/or any one of its subsidiaries or a distress or execution is levied or enforced upon or sued for all or any material part of the assets of the Borrower and/or any one of its subsidiaries; or