Common use of Creditor Proceedings Clause in Contracts

Creditor Proceedings. Commencement of foreclosure proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, any creditor of any grantor of collateral for the Loan. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (Coast Dental Services Inc), Loan Agreement (Eckler Industries Inc)

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Creditor Proceedings. Commencement of foreclosure proceedingsforeclosure, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, Borrower against any creditor of any grantor of collateral for securing the LoanLoans. This includes a garnishment, attachment, attachment or levy on or of any of Borrower's any deposit accounts of Borrower that are maintained with Lender.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Alliance Medical Corp)

Creditor Proceedings. Commencement of foreclosure proceedingsforeclosure, whether by judicial proceeding, self-help, repossession repossession, or any other method, by any creditor of Borrower, Borrower against any creditor of any grantor of collateral for securing the Loan. 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 Stock Purchase Agreement (Autotradecenter Com Inc)

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Creditor Proceedings. Commencement of foreclosure proceedingsforeclosure, whether by judicial proceeding, self-help, repossession repossession, or any other method, by any creditor of Borrower, Borrower against any creditor of any grantor of material collateral for securing the Loan. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lender.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Autotradecenter Com Inc)

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