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