Common use of Enforcement Events Clause in Contracts

Enforcement Events. 7.1 The Securities shall become enforceable if an event of default has occurred. 7.2 At any time after the occurrence of an event of default, we may (without it being necessary to appoint a receiver under this Agreement or give any prior notice to you) do all or any of the following: (a) declare the Secured money to be due and payable, whereupon it shall become immediately due and payable; (b) enter into possession of all or any of the Secured Property as mortgagee (and, for that purpose, enter on any land or premises on which the Secured Property is kept and remove the Secured Property); (c) sell or otherwise dispose of all or any of the Secured Property in such manner and generally on such terms and conditions as we think desirable; and/or (d) (whether or not a receiver has been appointed) exercise all or any rights which a person would have if appointed as a receiver under this Agreement. our rights under this clause are in addition to any other rights we may have (whether under this Agreement or by law, by any other document or otherwise). 7.3 in respect of any sale, we may (subject to any applicable mandatory provisions of law): (a) sell all or any part of the Secured Property; (b) sell subject to or free of any security having priority over the security under this Agreement; (c) sell altogether or in lots; (d) sell by public auction or by private contract or partly by one and partly by other of those methods of sale; (e) sell subject to such conditions as to title or evidence of title, time or mode of payment of purchase money, or otherwise as we think fit; (f) buy in the Secured Property or any part of it at any sale by auction; (g) cancel any contract for sale, may resell the relevant property without being answerable for any loss or diminution in price and may allow or refund to the purchaser any sum which the purchaser may be entitled to upon such cancellation and to that extent may reverse any application of sale proceeds previously made; (h) execute assurances, give effectual receipts for the purchase money and do all such other acts and things for completing the sale as we may think proper; and (i) exercise any other incidental powers in relation to the sale as are conferred upon us whether under a relevant document or by law or by any other document.

Enforcement Events. 7.1 The Securities shall become enforceable if an event Event of default Default has occurred. 7.2 At any time after the occurrence of an event Event of defaultDefault, we may (without it being necessary to appoint a receiver Receiver under this Agreement or give any prior notice to you) do all or any of the following: (a) declare the Secured money Money to be due and payable, whereupon it shall become immediately due and payable; (b) enter into possession of all or any of the Secured Property as mortgagee (and, for that purpose, enter on any land or premises on which the Secured Property is kept and remove the Secured Property); (c) sell or otherwise dispose of all or any of the Secured Property in such manner and generally on such terms and conditions as we think desirable; and/or (d) (whether or not a receiver Receiver has been appointed) exercise all or any rights which a person would have if appointed as a receiver Receiver under this Agreement. our Our rights under this clause are in addition to any other rights we may have (whether under this Agreement or by law, by any other document or otherwise). 7.3 in In respect of any sale, we may (subject to any applicable mandatory provisions of law): (a) sell all or any part of the Secured Property; (b) sell subject to or free of any security having priority over the security under this Agreement; (c) sell altogether or in lots; (d) sell by public auction or by private contract or partly by one and partly by other of those methods of sale; (e) sell subject to such conditions as to title or evidence of title, time or mode of payment of purchase money, or otherwise as we think fit; (f) buy in the Secured Property or any part of it at any sale by auction; (g) cancel any contract for sale, may resell the relevant property without being answerable for any loss or diminution in price and may allow or refund to the purchaser any sum which the purchaser may be entitled to upon such cancellation and to that extent may reverse any application of sale proceeds previously made; (h) execute assurances, give effectual receipts for the purchase money and do all such other acts and things for completing the sale as we may think proper; and (i) exercise any other incidental powers in relation to the sale as are conferred upon us whether under a relevant document or by law or by any other document.