Enforcement

Enforcement. Shall mean (a) for any Senior Lender to make demand for payment prior to the scheduled payment date, if any, of or accelerate the time for payment of any US Obligation or UK Obligation (and/or terminate any commitment relating to any US Obligation or UK Obligation), or to call for funding of or collateral for any Letter of Credit, swap obligation, or loan note guaranty in an equivalent amount prior to being presented with a draft drawn 3 thereunder (or,... in the event the draft is a time draft, prior to its due date), (b) for any Senior Lender to commence the judicial or non-judicial enforcement of any rights or remedies under or with respect to the US Credit Agreement, the UK Credit Agreement, swap obligation, loan note guaranty, or any Collateral Document or to setoff, freeze or otherwise appropriate any balances held by it for the account of any Loan Party or any other property at anytime held or owing by it to or for the credit or for the account of any Loan Party, (c) for the US Agent, the UK Agent, the US Security Trustee, the UK Security Trustee, any US Bank or any UK Bank to commence the judicial or non-judicial enforcement of any rights or remedies under any Collateral Document (other than an action solely for the purpose of establishing or defending the lien or security interest intended to be created by such Collateral Document upon or in any Collateral as against or from claims of third parties on or in such Collateral), to setoff, freeze or otherwise appropriate any balances held by it for the account of any Loan Party or any other property at any time held or owing by it to or for the credit or for the account of any Loan Party or to otherwise take any action to realize upon the Collateral, or (d) the commencement by, against or with respect to any Loan Party of any Insolvency Proceeding. View More

Enforcement. (a) for the Lender to make written demand for payment of or accelerate the time for payment of any of the Indebtedness (as that term is defined below) in favor of such Lender, (b) for the Lender to terminate its commitment to make revolving loans prior to the scheduled date for the expiration of such commitment, as such date may be extended from time to 1 time, (c) for the Lender to commence enforcement of any rights or remedies under or with respect to... the Convertible Debentures, any note, or any other Indebtedness, or to set off or appropriate any balances held by it for the account of Borrower or any other property at any time held or owing by it to or for the credit or account of Borrower, (d) for the Lender to commence the judicial or non judicial enforcement of any rights or remedies under the Convertible Debentures, this Agreement and the Security Agreement (the "Collateral Documents") (other than an action solely for the purpose of establishing, continuing or defending the lien or security interest intended to be created by the Collateral Documents upon or in any Collateral as against or from claims of third parties on or in such Collateral), to appropriate any property at any time held or owing by it to or for the credit or for the account of any Borrower or to otherwise take any action to realize upon the Collateral, or (e) the commencement by, against or with respect to Borrower of any proceeding under any bankruptcy, reorganization, compromise, arrangement, insolvency, readjustment of debt, dissolution or liquidation or similar law or for the appointment of a receiver ("Insolvency Proceedings") either. View More

Enforcement. Shall mean for Subordinated Creditor to make demand for payment or accelerate the Subordinated Indebtedness, repossess any material amount of Collateral or commence the judicial or non-judicial enforcement of any of the rights and remedies under the Subordinated Note, Subordinated Indebtedness or any related agreements or applicable law. For the avoidance of doubt, "Enforcement" shall specifically exclude any demand or action taken by Subordinated Creditor to obtain or receive payments upon the... sale of the Real Estate Collateral. View More

Enforcement. Means to make demand for payment or accelerate the indebtedness of Debtor, repossess any collateral or commence the judicial enforcement of any of the rights and remedies under the Lender Agreement, the LSQ Agreement or applicable law.