Common use of Enforcement Powers Clause in Contracts

Enforcement Powers. If the Enforcement Date has occurred then the charges created by this Assignment shall become immediately enforceable and the Security Trustee shall be entitled, without prior notice to the Company or prior authorisation from any court, to sell or otherwise dispose of all or any part of the Assigned Rights at the times, in the manner and on the terms it thinks fit. No purchaser or other person shall be bound or concerned to see or enquire whether the right of the Security Trustee to exercise any of the powers conferred by this Assignment has arisen or not or be concerned with notice to the contrary or with the propriety of the exercise or purported exercise of such powers.

Enforcement Powers. If the Enforcement Date has occurred then the charges created by this Assignment Charge shall become immediately enforceable and the Security Trustee shall be entitled, without prior notice to the Company Chargor or prior authorisation from any court, to sell or otherwise dispose of all or any part of the Assigned Rights relevant Deposit at the times, times in the manner and on the terms it thinks fit. No purchaser or other person shall be bound or concerned to see or enquire whether the right of the Security Trustee to exercise any of the powers conferred by this Assignment Charge has arisen or not or be concerned with notice to the contrary or with the propriety of the exercise or purported exercise of such powers.