Common use of Creditor or Forfeiture Proceedings Clause in Contracts

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, or by any governmental agency if the successful prosecution of such proceeding would have a material adverse effect on the Borrower or its business operations. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Labor Ready Inc)

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Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any other creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, Borrower or by any governmental agency if against the successful prosecution of such proceeding would have a material adverse effect on Collateral or any other collateral securing the Borrower or its business operations. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with LenderObligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Aimrite Holdings Corp)

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, or by any governmental agency if against the successful prosecution of such proceeding would have a material adverse effect on Collateral or any other collateral securing the Borrower or its business operationsIndebtedness. This includes a garnishment, attachment, or levy on or garnishment of any of BorrowerGrantor's deposit accounts with Lender.

Appears in 1 contract

Samples: Business Loan Agreement (F5 Networks Inc)

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, help repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, or by any governmental agency if the successful prosecution of such proceeding would have a material adverse effect on the Borrower or its business operationsagency. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Back Yard Burgers Inc)

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Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, or by any governmental agency if the successful prosecution of such proceeding would have a material adverse effect on the Borrower or its business operations. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lenderagency.

Appears in 1 contract

Samples: Loan Agreement (Zila Inc)

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, help repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtednessindebtedness, or by any governmental agency if the successful prosecution of such proceeding would have a material adverse effect on the Borrower or its business operations. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lenderagency.

Appears in 1 contract

Samples: Promissory Note (Trizetto Group Inc)

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