Permitted Subordinated Lender Actions

Example Definitions of "Permitted Subordinated Lender Actions"
Permitted Subordinated Lender Actions. Means any lawful action taken by any Subordinated Lender pursuant to their respective Subordinated Loan Security Documents or applicable law in order to enforce payment of the Subordinated Debt and their rights against the Collateral, but only to the extent such action is permitted pursuant to Section 2.2(b) of this Agreement.
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