PERMITTED ENFORCEMENT ACTION

PERMITTED ENFORCEMENT ACTION. Shall mean (a) the acceptance by any Subordinated Creditor of cash payments of interest to the extent that the same is permitted by subsection 2.3(a)(ii) hereof, (b) the filing of a lawsuit for payment of, or initiating or participating with others in any suit, action or proceeding against any Debtor to (i) enforce payment of or to collect the whole or any part of the Subordinated Debt or (ii) commence judicial enforcement of any of the ... rights and remedies under the Subordinated Debt Documents or applicable law with respect to the Subordinated Debt or (c) the acceleration of the Subordinated Debt. 3 View More