Common use of Actions Prohibited Clause in Contracts

Actions Prohibited. Until all Obligations shall have been indefeasibly paid in full, the Subordinated Party shall not, without the prior written consent of the Lease Indenture Trustee: (a) take, obtain or hold (or permit anyone acting on its behalf to take, obtain or hold) any assets of the Owner Lessor, whether as a result of any administrative, legal or equitable action, or otherwise, in violation of the subordination provisions contained in this Agreement. (b) accelerate payment of any Subordinated Claims or otherwise require such Subordinated Claims to be paid prior to their stated or scheduled maturity date; (c) commence, prosecute or participate in (i) any administrative, legal or equitable action against or involving the Owner Lessor relating to any Subordinated Claims, including, without limitation, any Proceeding, or (ii) any administrative, legal or equitable action to (a) enforce or collect any judgment obtained in respect of any Subordinated Claims, (b) enforce or exercise remedies arising under or pursuant to any Subordinated Claims, (c) enforce or exercise remedies under or pursuant to any lien or other security interest securing any Subordinated Claims; (d) exercise any other rights or remedies to enforce any Subordinated Claims, any collateral security provided with respect to such Subordinated Claims or any covenant, agreement, representation or other undertaking contained in any Subordinated Notes.

Appears in 5 contracts

Samples: Owner Lessor Subordination Agreement (Eme Homer City Generation Lp), Owner Lessor Subordination Agreement (Eme Homer City Generation Lp), Owner Lessor Subordination Agreement (Eme Homer City Generation Lp)

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Actions Prohibited. Until all Senior Leveraged Lease Obligations shall have been indefeasibly paid in full, except as otherwise expressly provided herein or in the other Operative Documents, the Subordinated Party Parties shall not, without the prior written consent of the Lease Indenture TrusteeSecurity Agent: (a) take, obtain or hold (or permit anyone acting on its behalf to take, obtain or hold) any assets of Xxxxx City (other than Xxxxx City's interest in the Owner LessorFacility and the Facility Site), whether as a result of any administrative, legal or equitable action, or otherwise, in violation of the subordination provisions contained in this Agreement.; (b) accelerate payment of any Subordinated Claims or otherwise require such Subordinated Claims to be paid prior to their stated or scheduled maturity date; (c) commence, prosecute or participate in (i) any administrative, legal or equitable action against or involving the Owner Lessor Xxxxx City relating to the payment or collection of any Subordinated Claims, including, without limitation, any Proceeding, or (ii) any administrative, legal or equitable action to (a) enforce or collect any judgment obtained in respect of any Subordinated Claims, (b) enforce or exercise remedies arising under seeking to collect or pursuant to enforce payment of any Subordinated Claims, Claims or (c) enforce or exercise remedies under or pursuant to any lien or other security interest securing any Subordinated Claims;; or (dc) exercise any other rights or remedies to enforce the payment or collection of any Subordinated Claims, Claims or any collateral security provided with respect to such Subordinated Claims or any covenant, agreement, representation or other undertaking contained in any Subordinated NotesClaims.

Appears in 4 contracts

Samples: Lease Subordination Agreement (Eme Homer City Generation Lp), Lease Subordination Agreement (Eme Homer City Generation Lp), Lease Subordination Agreement (Eme Homer City Generation Lp)

Actions Prohibited. Until all Obligations shall have been indefeasibly paid in full, the Subordinated Party Parties shall not, without the prior written consent of the Lease Indenture TrusteeSecured Parties: (a) take, obtain or hold (or permit anyone acting on its behalf to take, obtain or hold) any assets of the Owner Lessorany Intercompany Borrower, whether as a result of any administrative, legal or equitable action, or otherwise, in violation of the subordination provisions contained in this Agreement.; (b) accelerate payment of any Subordinated Claims or otherwise require such Subordinated Claims to be paid prior to their stated or scheduled maturity date; (c) commence, prosecute or participate in (i) any administrative, legal or equitable action against or involving the Owner Lessor any Intercompany Borrower relating to any Subordinated Claims, including, without limitation, any Proceeding, or (ii) any administrative, legal or equitable action to (a) enforce or collect any judgment obtained in respect of any Subordinated Claims, (b) enforce or exercise remedies arising under or pursuant to any Subordinated Claims, (c) enforce or exercise remedies under or pursuant to any lien or other security interest securing any Subordinated Claims;Claims or (d) enforce or exercise remedies with respect to any covenant, agreement, representation or other undertaking contained in any Subordinated Notes; or (d) exercise any other rights or remedies to enforce any Subordinated Claims, any collateral security provided with respect to such Subordinated Claims or any covenant, agreement, representation or other undertaking contained in any Subordinated Notes.

Appears in 2 contracts

Samples: Intercompany Loan Subordination Agreement (Eme Homer City Generation Lp), Intercompany Loan Subordination Agreement (Eme Homer City Generation Lp)

Actions Prohibited. Until all Obligations shall have been indefeasibly paid in fullfull and all Commitments shall have been terminated, the all Subordinated Party Parties shall not, without the prior written consent of the Lease Indenture TrusteeSecured Parties: (a) take, obtain or hold (or permit anyone acting on its behalf to take, obtain or hold) any assets of the Owner Lessorany Intercompany Borrower, whether as a result of any administrative, legal or equitable action, action or otherwise, in violation of the subordination provisions contained in this Agreement.: (b) accelerate payment of any Subordinated Claims claims or otherwise require such Subordinated Claims to be paid prior to their stated or scheduled maturity date; (c) commence, prosecute or participate in (i) any administrative, legal or equitable action against or involving the Owner Lessor any Intercompany Borrower relating to any Subordinated Claims, including, without limitation, any Proceeding, Proceeding or (ii) any administrative, legal or equitable action to (a) enforce or collect any judgment obtained in respect of any Subordinated Claims, (b) enforce or exercise remedies arising under or pursuant to any Subordinated Claims, (c) enforce or exercise remedies under or pursuant to any lien or other security interest securing any Subordinated Claims; Claims or (d) enforce or exercise any other rights or remedies to enforce any Subordinated Claims, any collateral security provided with respect to such Subordinated Claims or any covenant, agreement, representation or other undertaking contained in any Subordinated Notes.; or

Appears in 1 contract

Samples: Intercompany Loan Subordination Agreement (Edison Mission Finance Co)

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Actions Prohibited. Until all Obligations shall have been indefeasibly paid in fullfull and all Commitments shall have been terminated, the Subordinated Party shall not, without the prior written consent of the Lease Indenture TrusteeSecured Parties: (a) take, obtain or hold (or permit anyone acting on its behalf to take, obtain or hold) any assets of the Owner LessorBorrower, whether as a result of any administrativeadmin istrative, legal or equitable action, or otherwise, in violation of the subordination provisions contained in this Agreement.; (b) accelerate payment of any Subordinated Claims or otherwise require such Subordinated Claims to be paid prior to their stated or scheduled maturity date; (c) commence, prosecute or participate in (i) any administrativeadministra tive, legal or equitable action against or involving the Owner Lessor Borrower relating to any Subordinated Subordi nated Claims, including, without limitation, any Proceeding, or (ii) any administrativeadministra tive, legal or equitable action to (a) enforce or collect any judgment obtained in respect re spect of any Subordinated Claims, (b) enforce or exercise remedies arising under or pursuant to any Subordinated Claims, (c) enforce or exercise remedies under or pursuant to any lien or other security interest securing any Subordinated Claims;Claims or (d) enforce or exercise remedies with respect to any covenant, agreement, representation or other undertaking contained in any Subordinated Notes; or (d) exercise any other rights or remedies to enforce any Subordinated Claims, any collateral security provided with respect to such Subordinated Claims or any covenant, agreement, representation or other undertaking contained in any Subordinated Notes.

Appears in 1 contract

Samples: Subordination Agreement (Edison Mission Energy)

Actions Prohibited. Until all Senior Leveraged Lease Obligations shall have been indefeasibly paid in full, except as otherwise expressly provided herein, the Subordinated Party Parties shall not, without the prior written consent of the Lease Indenture TrusteeSecurity Agent: (a) take, obtain or hold (or permit anyone acting on its behalf to take, obtain or hold) any assets of Xxxxx City (other than Xxxxx City's interest in the Owner LessorFacility and the Facility Site), whether as a result of any administrative, legal or equitable action, or otherwise, in violation of the subordination provisions contained in this Agreement.; (b) accelerate payment of any Subordinated Claims or otherwise require such Subordinated Claims to be paid prior to their stated or scheduled maturity date; (c) commence, prosecute or participate in (i) any administrative, legal or equitable action against or involving the Owner Lessor Xxxxx City relating to the payment or collection of any Subordinated Claims, including, without limitation, any Proceeding, or (ii) any administrative, legal or equitable action to (a) enforce or collect any judgment obtained in respect of any Subordinated Claims, (b) enforce or exercise remedies arising under seeking to collect or pursuant to enforce payment of any Subordinated Claims, Claims or (c) enforce or exercise remedies under or pursuant to any lien or other security interest securing any Subordinated Claims;; or (dc) exercise any other rights or remedies to enforce the payment or collection of any Subordinated Claims, Claims or any collateral security provided with respect to such Subordinated Claims or any covenant, agreement, representation or other undertaking contained in any Subordinated NotesClaims.

Appears in 1 contract

Samples: Lease Subordination Agreement (Eme Homer City Generation Lp)

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