Power to remedy Clause Samples

Power to remedy. If a Chargor fails to perform any term affecting its Material Real Property upon the occurrence and during the continuance of an Event of Default and upon notice by the Collateral Agent of its intent to exercise remedies, that Chargor must allow the Collateral Agent or its agents and contractors: (a) to enter any part of its Material Real Property; (b) to comply with or object to any notice served on that Chargor in respect of its Material Real Property; and (c) to take any action as the Collateral Agent may reasonably consider necessary to prevent or remedy any breach of any such term or to comply with or object to any such notice. That Chargor must promptly following request by the Collateral Agent pay the costs and expenses of the Collateral Agent or its agents and contractors reasonably incurred in connection with any action taken by it under this Subclause.

Power to remedy. If a Company fails to comply with any of the covenants contained in Clause 9 (Specific Covenants), such Company shall allow (and hereby irrevocably authorises) the Security Trustee and/or such Persons as it shall nominate to take such action on behalf of such Company as shall be necessary to ensure that such covenants are complied with.

Power to remedy. 28 10.3 Insurance............................................. 28 10.4 Indemnity............................................. 28 10.5 No Obligation to Remedy............................... 29

Power to remedy. If the Chargor fails to perform any term affecting the Mortgaged Property, the Chargor must allow the Security Agent or its agents and contractors: (a) to enter any part of the Mortgaged Property; (b) to comply with or object to any notice served on the Chargor in respect of the Mortgaged Property; and (c) to take any action as the Security Agent may reasonably consider necessary or desirable to prevent or remedy any breach of any such term or to comply with or object to any such notice. The Chargor must immediately on request by the Security Agent pay the costs and expenses of the Security Agent or its agents and contractors incurred in connection with any action taken by it under this Subclause.

Power to remedy. If the Chargor at any time defaults in complying with any of its obligations contained in this Deed, the Security Trustee shall, without prejudice to any other rights of the Security Trustee arising as a consequence of such default, be entitled (but not bound) to make good such default and the Chargor hereby irrevocably authorises the Security Trustee and its employees and agents by way of security to do all such things (including, without limitation, entering the Chargor’s property having given such notice as is reasonable in the circumstances) necessary or reasonably desirable in connection therewith. Any moneys so expended by the Security Trustee shall be repayable by the Chargor to the Security Trustee within 30 days of demand together with interest at the Default Rate from the date being 30 days after the date of demand until such repayment, both before and after judgment. No exercise by the Security Trustee of its powers under this Clause 5.2 shall make it or any of the Beneficiaries liable to account as a mortgagee in possession.

Power to remedy. 3.4.1 If the Applicant fails to perform any obligations under the Loan Documents affecting the Property, it must allow the LTA TF or the LTA TF's agents and contractors: (a) to enter any part of the Property; (b) to comply with or object to any notice served on the Applicant in respect of the Property; and (c) to take any action that the LTA TF may reasonably consider necessary or desirable to prevent or remedy any breach of any such term or to comply with or object to any such notice. 3.4.2 The Applicant must immediately on request by the LTA TF pay their costs and expenses or the LTA TF's agents and contractors incurred in connection with any action taken by the LTA TF under paragraph 3.4.1. 3.4.3 The LTA TF shall not be obliged to account as mortgagee in possession as a result of any action taken under paragraph 3.4.1.]

Power to remedy. In case of default by the Chargor in repairing or keeping in repair or insuring the Mortgaged Property or any material part thereof or in observing or performing any of the covenants or stipulations affecting the same, the Chargor will permit the Security Trustee or its agents and contractors to enter on the Mortgaged Property and to comply with or object to any notice served on the Chargor in respect of the Mortgaged Property and to effect such repairs or insurance or generally do such things or pay all such costs, charges and expenses as the Security Trustee may consider necessary or desirable to prevent or remedy any breach of covenant or stipulation or to comply with or object to any notice. The Chargor will indemnify and keep the Security Trustee indemnified and/or secured and/or pre-funded against all losses, costs, charges and expenses incurred in connection with the exercise of the powers contained in this Clause 9.

Power to remedy. If an Enforcement Event has occurred and is continuing, each Chargor shall permit the Lender and/or any of its representatives, agents or contractors to enter any Mortgaged Property and to take any steps which it believes necessary in relation to that Mortgaged Property. Each Chargor shall immediately on demand by the Lender pay the costs and expenses of the Lender, its representatives, agents or contractors incurred in connection with any action taken under this Clause.

Power to remedy. If the Company fails to comply with any of its obligations under this Agreement and that failure is not remedied within seven days of any Secured Party giving notice of such failure to the Company, each Secured Party shall be entitled (but shall not be bound) to remedy such non-compliance and the Company irrevocably authorises each Secured Party and its agents to do all such things as are necessary or desirable for that purpose.