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 Pledgor, 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: Stock Pledge Agreement, Stock Pledge Agreement (Us Home Systems Inc /Tx), Securities Purchase Agreement (Eventures Group Inc)

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Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Pledgor, 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: Warehouse Loan Agreement (Homecapital Investment Corp), Loan Agreement (Homecapital Investment Corp), Pledge Agreement (Homecapital Investment Corp)

Action by Other Lienholder. The holder of any lien or security -------------------------- interest on any of the assets of Pledgor, 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: Credit Agreement (Data Return Corp)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Pledgor, including without limitation, the Collateral (without hereby implying the consent of Secured Party Agent 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 (Craftmade International Inc)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Pledgor, including 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: Pledge Agreement (Arabian American Development Co)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Pledgor, 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: Pledge Agreement (Amx Corp /Tx/)

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Action by Other Lienholder. The holder of any lien or security -------------------------- interest on any of the assets of Pledgor, including 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: Pledge Agreement (Rf Monolithics Inc /De/)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Pledgor, including without limitation, the Collateral (without hereby implying the consent of Secured Party Pledgee 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 (Canmax Inc /Wy/)

Action by Other Lienholder. The holder of any lien or security interest on any of the assets of Pledgor, including without limitation, the Collateral (without hereby implying the consent of Secured Party Company 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: Stock Purchase Agreement (Gainsco Inc)

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