Common use of WHEN SECURITY BECOMES ENFORCEABLE Clause in Contracts

WHEN SECURITY BECOMES ENFORCEABLE. The Security (and any powers implied by statute) shall become immediately enforceable upon the occurrence of an Event of Default and shall remain so for so long as such Event of Default is continuing.

Appears in 2 contracts

Sources: Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.)

WHEN SECURITY BECOMES ENFORCEABLE. The Security (and any powers implied by statute) shall become immediately enforceable upon the occurrence of an Event of Default and shall remain so for so long as such Event of Default is continuingDefault.

Appears in 2 contracts

Sources: Debenture (Borqs Technologies, Inc.), Debenture (Borqs Technologies, Inc.)