Methods of Enforcement of the Pledge Sample Clauses

Methods of Enforcement of the Pledge. (a) As part of the enforcement of the Pledge, the Pledgee may satisfy its claims by any of the following methods determined solely by the Pledgee: (i) direct sale of the Movable Assets; (ii) sale of the Movable Assets in a public tender conducted by the Pledgee pursuant to Section 281 et seq. of the Commercial Code; or (iii) any other manner legally admissible at the time of the commencement of the enforcement of the Pledge, whereas, in case of direct sale or public tender or any other manner legally admissible, the Pledgee undertakes to make an effort that the Movable Assets are sold for the price for which movable assets comparable or similar to the Movable Assets are usually sold under comparable conditions at the time and in the place of the sale of the Movable Assets. (b) The Pledgor explicitly agrees that the methods and conditions of enforcement of the Pledge agreed in this Agreement are adequate methods of pledge enforcement fully in accordance with fair business practice (in Slovak poctivý obchodný styk).
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Methods of Enforcement of the Pledge. If the Pledgor fails to fully repay the secured indebtedness or any other circumstance for enforcing the pledge as agreed upon by the parties occurs, the Pledgee shall have the right to agree with the Pledgor to convert the pledged property into money or seek repayment in priority from the proceeds of auction or sale of the pledged property until the secured primary indebtedness is fully repaid.
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Methods of Enforcement of the Pledge. (a) As part of the enforcement of the Pledge, the Pledgee may satisfy its claims by any of the following methods determined solely by the Pledgee: (i) sale of the Shares through a Broker appointed by the Pledgee after consultation with the Pledgor but without being required to obtain the Pledgor’s consent; or (ii) any other manner legally admissible at the time of the commencement of the enforcement of the Pledge. (b) The Pledgor explicitly agrees that the methods and conditions of enforcement of the Pledge agreed in this Agreement are adequate methods of pledge enforcement fully in accordance with fair business practice (in Slovak poctivý obchodný styk). (c) The Shares may be sold to any third person chosen by the Broker in its sole discretion, whereas the Pledgee shall take an effort to ensure that the Broker sells the Shares for the highest price that can be achieved with professional care (subject to compliance with Section 51(7) of the Securities Act). (d) In case of enforcement that is legally admissible (other than through a Broker), the Pledgee undertakes to make an effort that the Shares are sold for the price for which shares comparable or similar to the shares are usually sold under comparable conditions at the time and in the place of the sale of the Shares.
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Related to Methods of Enforcement of the Pledge

  • Costs of Enforcement The Company agrees that if the Company or any other Person the securities of which are purchasable upon exercise of Rights fails to fulfill any of its obligations pursuant to this Agreement, then the Company or such Person will reimburse the holder of any Rights for the costs and expenses (including legal fees) incurred by such holder in actions to enforce such holder's rights pursuant to any Rights or this Agreement.

  • Cost of Enforcement In the event either party commences a judicial action to enforce the provision of this Agreement, the prevailing party in such action shall be entitled to recover, in addition to such other amounts as may be permitted by law, all costs and expenses incurred by it in the prosecution of defense of such action, including reasonable attorneys’ fees.

  • Contract Enforcement Note: NO EXCEPTIONS OR REVISIONS WILL BE CONSIDERED TO A, B2, 5-7. Enforcement of Contract and Dispute Resolution Note: NO EXCEPTIONS OR REVISIONS WILL BE CONSIDERED 1) Vendor and DIR agree to the following: (i) a party’s failure to require strict performance of any provision of the Contract shall not waive or diminish that party’s right thereafter to demand strict compliance with that or any other provision, (ii) for disputes not resolved in the normal course of business, the dispute resolution process provided for in Chapter 2260, Texas Government Code, shall be used, and (iii) actions or proceedings arising from the Contract shall be heard in a state court of competent jurisdiction in ▇▇▇▇▇▇ County, Texas. 2) Disputes arising between a Customer and the Vendor shall be resolved in accordance with the dispute resolution process of the Customer that is not inconsistent with subparagraph A.1 above. DIR shall not be a party to any such dispute unless DIR, ▇▇▇▇▇▇▇▇, and Vendor agree in writing. 3) State agencies are required by rule (34 TAC §20.1115) to report vendor performance through the Vendor Performance Tracking System (VPTS) on every purchase over $25,000. 1) Termination for Non-Appropriation a) Termination for Non-Appropriation by Customer

  • Expenses of Enforcement The Account Holder and, as the case may be, every Cardmember shall indemnify the Bank in respect of any and all reasonable expenses properly incurred by the Bank in enforcing or attempting to enforce this Agreement including all reasonable legal fees, and disbursements. The Bank shall, on request, provide the Account Holder and, as the case may be, every Cardmember with a breakdown of all expenses he/she is liable to pay under this Clause 26.

  • Law Enforcement 24.1 Each Party may cooperate with law enforcement authorities and national security authorities to the full extent required or permitted by Applicable Law in matters related to Services provided by it under this Agreement, including, but not limited to, the production of records, the establishment of new lines or the installation of new services on an existing line in order to support law enforcement and/or national security operations, and, the installation of wiretaps, trap-and-trace facilities and equipment, and dialed number recording facilities and equipment. 24.2 A Party shall not have the obligation to inform the other Party or the Customers of the other Party of actions taken in cooperating with law enforcement or national security authorities, except to the extent required by Applicable Law. 24.3 Where a law enforcement or national security request relates to the establishment of lines (including, but not limited to, lines established to support interception of communications on other lines), or the installation of other services, facilities or arrangements, a Party may act to prevent the other Party from obtaining access to information concerning such lines, services, facilities and arrangements, through operations support system interfaces.