Collateral Enforcement Action

Example Definitions of "Collateral Enforcement Action"
Collateral Enforcement Action. Shall mean any action by any Subordinated Lender to (a) exercise or seek to exercise any rights or exercise any remedies with respect to any Collateral, (b) institute any action or proceeding with respect to such rights or remedies, including without limitation, any action of foreclosure or (c) contest, protest or object to any foreclosure proceeding, postpetition financing, use of cash collateral or action brought by the Senior Agent or any Senior Lender or to any other exercise by the... Senior Agent or any Senior Lender of any rights and remedies under any Senior Loan Documents. View More Arrow
Found in GOOD GUYS INC contract
Collateral Enforcement Action. Shall mean any action by any Subordinated Lender to (a) exercise or seek to exercise any rights or exercise any remedies with respect to any Senior Lender Collateral, (b) institute any action or proceeding with respect to such rights or remedies, including without limitation, any action of foreclosure or (c) contest, protest or object to any foreclosure proceeding, postpetition financing, use of cash collateral or action brought by the Senior Agent or any Senior Lender or to any other exercise... by the Senior Agent or any Senior Lender of any rights and remedies under any Senior Loan Documents. For purposes of clarification, the exercise by Subordinated Lenders of rights and remedies described in clauses (a) and (b) above with respect to Subordinated Lender Collateral consisting of property of any Person other than the Credit Parties or Branding Subsidiary, or property of Schlotzksy's not constituting Senior Lender Collateral, shall not be considered a "Collateral Enforcement Action". View More Arrow
Found in SCHLOTZSKYS INC contract
Collateral Enforcement Action. Shall mean any action by any Subordinated Lender Noteholder to (a) exercise or seek to exercise any rights or exercise any remedies with respect to any Collateral, (b) institute any action or proceeding with respect to such rights or remedies, including without limitation, including, any action of foreclosure or (c) contest, protest or object to any foreclosure proceeding, postpetition financing, use of cash collateral or action brought by the Senior Collateral Agent or any Senior Lender Noteholder or to any other exercise by the Senior Collateral Agent or any Senior Lender Noteholder of any rights and remedies under any Senior Loan Transaction Documents. View More Arrow
Found in Halo Technology Holdings, Inc. contract
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Collateral Enforcement Action. Shall mean (i) as to Senior Creditors, the exercise of any rights and remedies with respect to any of its Collateral securing the Senior Debt or the commencement or prosecution of enforcement of any of the rights and remedies under, the Senior Debt Documents or applicable law, including without limitation the exercise of any rights of set-off or recoupment, and the exercise of any rights or remedies of a secured creditor under the Uniform Commercial Code of any applicable jurisdiction or under... the Bankruptcy Code, and (ii) as to Junior Creditor, the exercise of any rights and remedies with respect to any of its Collateral securing the Subordinated Debt or the commencement or prosecution of enforcement of any of the rights and remedies under, the Subordinated Debt Documents or applicable law, including without limitation the exercise of any rights of set-off or recoupment, and the exercise of any rights or remedies of a secured creditor under the Uniform Commercial Code of any applicable jurisdiction or under the Bankruptcy Code. View More Arrow
Found in VERTICALNET INC contract
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