Common use of Enforcement of Security Interest Clause in Contracts

Enforcement of Security Interest. 3.1. The Subordinating Creditor shall have no right to take any action with respect to its Secondary Collateral, whether by judicial or non-judicial foreclosure, recordation or enforcement of mechanics liens, notification to the Debtor's account debtors, the seeking of the appointment of a receiver for any portion of the Debtor's assets, setoff, or otherwise, unless and until all Senior Creditor Obligations have been fully and indefeasibly paid.

Enforcement of Security Interest. 3.1. 3.1 The Subordinating Creditor shall have no right to take any action with respect to its Secondary the Senior Creditor Collateral, whether by judicial or non-judicial foreclosure, recordation or enforcement of mechanics liens, notification to the Debtor's account debtors’s Account Debtors, the seeking of the appointment of a receiver for any portion of the Debtor's ’s assets, setoff, or otherwise, unless and until all Senior Creditor Obligations have been fully and indefeasibly paid.

Enforcement of Security Interest. 3.1. The 3.1 Neither the Agent nor any Subordinating Creditor shall have no the right to take any action with respect to its Secondary the Senior Creditor Collateral, whether by judicial or non-judicial foreclosure, recordation or enforcement of mechanics liens, notification to the Debtor's account debtors’s Account Debtors, the seeking of the appointment of a receiver for any portion of the Debtor's ’s assets, setoff, or otherwise, unless and until all Senior Creditor Obligations have been fully and indefeasibly paid.

Enforcement of Security Interest. 3.1. 3.1 The Subordinating Creditor shall have no right to take any action with respect to its Secondary the Senior Creditor Collateral, whether by judicial or non-judicial foreclosure, recordation or enforcement of mechanics liens, notification to the Debtor's ’s account debtors, the seeking of the appointment of a receiver for any portion of the Debtor's assets, setoff, or otherwise, unless and until all Senior Creditor Obligations have been fully and indefeasibly paid.