Common use of Relevant Parties Clause in Contracts

Relevant Parties. Any event specified in the preceding sub- clauses of this clause 10.1 occurs with respect to each other Relevant Party (as if references in those sub-clauses to you were references to that Relevant Party), then we may, at any time, by notice to you: (i) cancel each or any Facility; (ii) declare any or all of the Outstanding Money to be due and payable either immediately or at such later date as we may specify whereupon that indebtedness will become so due and payable; and (iii) exercise all or any of our rights under any Security Document.

Relevant Parties. Any event specified in the preceding sub- sub-clauses of this clause 10.1 occurs with respect to each other Relevant Party (as if references in those sub-clauses to you were references to that Relevant Party), then we may, at any time, by notice to you: (i) cancel each or any Facility; (ii) declare any or all of the Outstanding Money to be due and payable either immediately or at such later date as we may specify whereupon that indebtedness will become so due and payable; and (iii) exercise all or any of our rights under any Security Document.