Enforcement Notice

Enforcement Notice. Means a written notice delivered by the Enforcing Party to the other Party stating that an "Event of Default" (as defined in the Indenture or the Credit Agreement, respectively) has occurred and is continuing and that an Enforcement Period has commenced.

Enforcement Notice. Shall mean a written notice executed by the Subordinated Creditor and delivered to the Senior Agent reciting that an event of default has occurred under the Subordinated Debt Documents and that, as a result of such event of default, the Subordinated Creditor intends to take Enforcement Action and specifying the type of Enforcement Action intended to be taken by the Subordinated Creditor.

Enforcement Notice. Means a notice by any Subordinate Lender to the Senior Lender that a default under the Subordinate Debt has occurred and that one or more Subordinate Lenders intends to enforce its remedies on account thereof. Such notice shall contain a reasonable description of the nature of the default and the action Subordinate Lender proposes to take with respect thereto.

Enforcement Notice. Shall mean a written notice delivered by the Required Secured Parties to the Collateral Agent and any other Secured Parties, stating that an Event of Default (as defined herein) has occurred and that the -4- Required Secured Parties delivering such notice intend to realize upon the security interest granted to the Collateral Agent, for the benefit of the Secured Parties, in all or any portion of the... Collateral and instructing the Collateral Agent to take actions to realize upon any such Collateral. An Enforcement Notice shall be deemed to have been given when the Enforcement Notice has been received by the Collateral Agent and the other Secured Parties by certified U.S. mail, return receipt requested, and to have been rescinded when the Collateral Agent and the other Secured Parties have received written notice from the Required Secured Parties that such Event of Default has been cured or effectively waived for purposes of this Security Agreement. An Enforcement Notice shall be deemed to be outstanding at all times after such Notice has been given until such time, if any, as such Notice has been rescinded; provided that any such Enforcement Notice may only be rescinded by the Required Secured Parties of the same type (i.e., the RSPs or the relevant Standstill RSPs) which have delivered such Enforcement Notice to the Collateral Agent. View More

Enforcement Notice. Shall mean a written notice delivered by one Lienholder to the other Lienholder at a time when an Event of Default has occurred and is continuing under the notifying Lienholder's Credit Documents (i) specifying the relevant Event of Default and (ii) stating that an Enforcement Action shall commence or has been commenced.

Enforcement Notice. Means a written notice delivered by the Enforcing Party to the other Parties stating that an "Event of Default" (as defined in the applicable Security Documents) has occurred and is continuing and that an Enforcement Period has commenced.

Enforcement Notice. Means a written notice given by the Required Noteholders to the Collateral Agent (a) stating that an Actionable Default exists and (b) setting forth instructions from such Required Noteholders to the Collateral Agent to exercise all or any such rights, powers and remedies as are available to the Collateral Agent and the Noteholders under the Collateral Documents.

Enforcement Notice. Written notice given by the Majority Lenders to the Agent (i) stating that a Trigger Event has occurred and further stating whether the Trigger Event constituted an Event of Default in respect of a scheduled payment, and the nature and date thereof, specifying in reasonable detail the circumstances of such satisfaction and (ii) setting forth instructions to the Agent to exercise all or any such rights, powers and remedies as are available under the Loan Documents.

Enforcement Notice. Shall mean a written notice delivered, at a time when a Subordinated Indebtedness Default has occurred and is continuing, by Subordinated Creditor to Senior Lender, specifying the relevant Subordinated Indebtedness Default and stating the current balance of the Subordinated Indebtedness.

Enforcement Notice. Means a written notice delivered by either Lender or LSQ to the other stating that a default or event of default under the Lender Agreement or LSQ Agreement, as applicable, has occurred and is continuing