Creditor Default and Enforcement Notice

Example Definitions of "Creditor Default and Enforcement Notice"
Creditor Default and Enforcement Notice. Written notice delivered by Creditor to Bank (i) stating that an Event of Default has occurred and is continuing under the Subordinated Loan Documents and providing a detailed description of such Event of Default(s), (ii) stating that Creditor intends to take one or more Enforcement Actions with respect to Borrower and/or Collateral, and providing a detailed description of the specific Enforcement Actions Creditor proposes to take, and (iii) that such notice is delivered to Bank at least 30... days prior to the date of any proposed Enforcement Action by Creditor. View More
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