Common use of Action by Other Lienholder Clause in Contracts

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 12 contracts

Samples: Security Agreement (Edible Garden AG Inc), Unit Pledge Agreement (Desert Capital Reit Inc), Pledge and Security Agreement (Equus Ii Inc)

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Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or;

Appears in 7 contracts

Samples: Security Agreement (Us Home Systems Inc), Security Agreement (Global Casinos Inc), Security Agreement (Us Home Systems Inc)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of DebtorGrantor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 4 contracts

Samples: Pledge and Security Agreement (Rush William M Rusty), Pledge and Security Agreement, Pledge and Security Agreement (CBTX, Inc.)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Green Power Energy Holdings Corp), Stock Purchase Agreement (Gainsco Inc), Pledge Agreement (Gainsco Inc)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the CollateralCollateral not otherwise permitted hereunder), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or.

Appears in 2 contracts

Samples: Security Agreement (Origen Financial Inc), Security Agreement (Origen Financial Inc)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or and institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 2 contracts

Samples: Security Agreement (Temtex Industries Inc), Security Agreement (Temtex Industries Inc)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or and institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or;

Appears in 2 contracts

Samples: Security Agreement (Lm Funding America, Inc.), Security Agreement (Lm Funding America, Inc.)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of DebtorBorrower, including without limitation, the Collateral (without hereby implying the consent of Secured Party Bank to the existence exercise or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 1 contract

Samples: Pledge Agreement (Diversified Corporate Resources Inc)

Action by Other Lienholder. The holder of any lien or security -------------------------- interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of CREDIT AGREEMENT - EXHIBIT "B" - PAGE 8 ------------------------------ Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 1 contract

Samples: Credit Agreement (Data Return Corp)

Action by Other Lienholder. The holder of any lien Lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien Lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 1 contract

Samples: Revolving Credit Agreement (Gainsco Inc)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of DebtorBorrower, including without limitation, the Collateral (without hereby implying the consent of Secured Party Bank to the existence or creation of any such lien or security interest on the Collateral)) securing Debt (as defined in the Loan Agreement) in excess of $10,000.00, declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lighting Science Group Corp)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of DebtorBorrower, including including, without limitation, the Collateral (without hereby implying the consent of Secured Party Lender to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure foreclosure, collection, sale, or other proceedings for the enforcement of its remedies thereunder; or.

Appears in 1 contract

Samples: Credit Agreement (Vertical Capital Income Fund)

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Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), ) or any other asset of Debtor having a value of $50,000 or greater declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 1 contract

Samples: Credit and Security Agreement (Isecuretrac Corp)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunderthereunder and the failure of such holder to revoke such declaration or cease such foreclosure or other proceedings within 20 days thereafter; or

Appears in 1 contract

Samples: Security Agreement (Amx Corp /Tx/)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or.

Appears in 1 contract

Samples: Advancing Term Credit Agreement (San Juan Partners LLC)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of DebtorBorrower, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 1 contract

Samples: Security Agreement (Canmax Inc /Wy/)

Action by Other Lienholder. The holder of any lien or security -------------------------- interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or;

Appears in 1 contract

Samples: Security Agreement (Us Home Systems Inc /Tx)

Action by Other Lienholder. The holder of any lien or security -------------------------- interest on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party Parties to the existence or creation of any such lien or security interest on the Collateral), declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 1 contract

Samples: Pledge Agreement (Aviation Group Inc)

Action by Other Lienholder. The holder of any lien or security interest Lien on any of the assets of Debtor, including without limitation, the Collateral (without hereby implying the consent of Secured Party to the existence or creation of any such lien or security interest Lien on the Collateral), ) or any other asset of Debtor having a value of $100,000 or greater declares a default thereunder or institutes foreclosure or other proceedings for the enforcement of its remedies thereunder; or

Appears in 1 contract

Samples: Credit Agreement (Ascent Assurance Inc)

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