Remedy

Remedy. Means any the following actions by either Senior Lenders or Subordinate Lenders: (i) the exercise of any rights or remedies they may have under the Subordinate Loan Documents or otherwise (other than a declaration of an Acceleration); (ii) the commencement or joinder with any other creditors of Borrower in commencing any bankruptcy, reorganization, receivership or insolvency proceeding against Borrower; or (iii) the commencement of... any action or proceeding against Borrower to enforce or collect any Borrower Obligation, to obtain possession of property of Borrower, to exercise 3 control over property of Borrower or to create, perfect or enforce any lien against property of Borrower. View More

Remedy. Is defined in the preamble to this Agreement.

Remedy. Means, with respect to a Default, the acceleration of any Junior Debt or the exercise of any remedies in respect of such Default (including, without limitation, the right to sue the Borrower, to exercise any right of set off, to put or otherwise tender for repurchase any Junior Securities, and to file or participate in any involuntary bankruptcy proceeding against the Borrower, and explicitly including the imposition of default rate interest).