Enforcement Action

Enforcement Action. Means with respect to Gulfstream or any Subsidiary: (a) to take from or for the account of Gulfstream or any Subsidiary, by set-off or in any other manner, except acceptance of regularly scheduled payments in accordance with the terms of any of applicable debt documents, the whole or any part of any moneys which may now or hereafter be owing by Gulfstream or any Subsidiary, (b) to sue for payment of, or to initiate or participate with others in any suit, action or proceeding against Gulfstream... or any Subsidiary to (i) enforce payment of or to collect the whole or any part of any debt, or (ii) commence judicial enforcement of any of the rights and remedies regarding any debt, (c) to accelerate any debt, (d) to take any action under th e provisions of any state or federal law, including, without limitation, the Uniform Commercial Code, or under any contract or agreement, to enforce, foreclose upon, take possession of or sell any property or assets of Gulfstream or any such co-obligor or guarantor, (e) to file or join in filing any involuntary petition in bankruptcy, or otherwise initiate or participate in similar insolvency reorganization, or moratorium proceedings for the benefit of creditors; (g) to repossess or sell, through judicial proceedings or otherwise, any of the Collateral; or (h) initiate Proceedings to enforce the existing guaranties. View More

Enforcement Action. Shall mean, collectively or individually, for one or both of the Lienholders: (i) to make demand for payment of or accelerate the maturity of any of the Indebtedness owed to such Lienholder, (ii) to take possession of or to collect any Collateral (other than (a) the collection of Borrower Receivables by the Agent or the Lenders when no Event of Default as contemplated by the Lender Credit Documents exists, (b) the making or collecting of claims under an Insurance Policy by Motorola or the... Agent, or (c) the collection of Foreign Subsidiary Receivables by Motorola through remittances from a Foreign Subsidiary or Brightstar), or (iii) to commence the enforcement (by judicial proceedings or otherwise) of any of the rights and remedies with respect to any of the Collateral existing upon any Event of Default under any of the Credit Documents. View More

Enforcement Action. Means, with respect to the Subordinated Indebtedness, any action to collect all or any portion of the Subordinated Indebtedness, to accelerate the Subordinated Indebtedness or to enforce any of the rights and remedies of the holder of the Subordinated Note, either at law or in equity, including, but not limited to: (i) commencing or pursuing legal proceedings to collect any amounts owed with respect to the Subordinated Indebtedness; (ii) execution upon, or otherwise enforcing any judgment... obtained with respect to amounts owed on the Subordinated Indebtedness; or (iii) commencing or pursuing any judicial or non-judicial proceedings with respect to the Subordinated Indebtedness to foreclose upon, or to acquire title in lieu of foreclosure as to, all or any portion of the assets of Company. View More

Enforcement Action. Shall mean (a) to foreclose on, collect on, take possession of or control of, or sell or otherwise realize upon (judicially or non-judicially) any Collateral or otherwise enforce rights with respect to Collateral under any applicable agreement, document or instrument pertaining thereto (including, without limitation, by way of setoff, notification of account debtors, notification of depositary banks under deposit account control agreements or exercise of rights under landlord consents), (b) to... receive a transfer of Collateral in satisfaction of any indebtedness secured thereby or (c) to otherwise enforce any security interest or other right or remedy pertaining to the Collateral at law, in equity or pursuant to a First Lien Security Document or Second Lien Security Document, as applicable (including, without limitation, the commencement of any applicable legal proceedings against or with respect to all or any of the Collateral to facilitate the actions described in the immediately preceding clause (a) and clause (b), commencing any applicable Proceeding and exercising voting rights in respect of any equity interests comprising Collateral). View More

Enforcement Action. Any action, whether judicial or nonjudicial, to repossess, collect, accelerate, offset, recoup, give notification to third parties with respect to, sell, dispose of, foreclose upon, give notice of sale, disposition, or foreclosure with respect to, or obtain equitable or injunctive relief with respect to, a Claim or the Collateral. The filing of an involuntary bankruptcy or insolvency proceeding against Borrower also is an Enforcement Action.

Enforcement Action. Any and all actions required to make a Claim.

Enforcement Action. Means instituting any suit or proceeding in any court, or taking any other formal legal action, seeking to enforce the repayment of the Loans or to realize upon any collateral security (including any guaranty) therefor or exercising Agent's right to send a Control Notice under (and as defined in) the Control Agreement.

Enforcement Action. The commencement of any litigation or proceeding at law or in equity, the commencement of any foreclosure proceeding, the exercise of any statutory or non-judicial power of sale, the taking of a deed or assignment in lieu of foreclosure, seeking to obtain a judgment, seeking the appointment of or the obtaining of a receiver or the taking of any other enforcement action against, or the taking of possession or control of, or the exercise of any rights or remedies with respect to, any Obligor or... the Collateral, any other property or assets of any Obligor or any portion thereof. View More

Enforcement Action. Means, with respect to the Subordinated Obligations, any action to collect all or any portion of the Subordinated Obligations, to accelerate or demand payment of all or any portion of the Subordinated Obligations or to enforce any of the rights and remedies of any holder of any of the Subordinated Obligations, either pursuant to the Subordinated Loan Documents, at law, or in equity, including, but not limited to: (i) commencing or pursuing legal proceedings to collect any amounts owed with... respect to the Subordinated Obligations; (ii) execution upon, or otherwise enforcing any judgment obtained with respect to, amounts owed on the Subordinated Obligations; or (iii) commencing or pursuing any judicial or non-judicial proceedings with respect to the Subordinated Obligations to foreclose upon, or to acquire title in lieu of foreclosure as to, all or any portion of the assets of Issuer. View More

Enforcement Action. Any action to enforce or attempt to enforce any right or remedy available to the any Party under any Financing Document, pursuant to applicable law or otherwise, including any action to: (a) exercise any right of set-off; (b) commence, continue or participate in any judicial, arbitral or other proceeding, or any other collection or enforcement action of any kind, against the Borrower or any of the assets of Borrower (including any Proceeding), seeking, directly or indirectly, to enforce any... rights or remedies, or to enforce any of the obligations incurred by Borrower under or in connection with any Financing Document; (c) commence or pursue any judicial, arbitral or other proceeding or legal action of any kind, seeking injunctive or other equitable relief to prohibit, limit or impair the commencement or pursuit by any Party of any of its respective rights or remedies under or in connection with any Financing Document, or otherwise available under applicable law; or (d) under the provisions of any state or federal law, including, without limitation, the UCC, or under any contract or agreement, to enforce, foreclose upon, take possession of or sell any property or assets of Borrower. View More