Common use of Lender Actions Against Borrower or the Collateral Clause in Contracts

Lender Actions Against Borrower or the Collateral. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person hereunder or under any other Loan Documents with respect to exercising claims against such Borrower or rights in any collateral without the consent of the Required Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and Lenders with respect to such Borrower and any collateral in accordance with the terms of this Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 4 contracts

Samples: Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc)

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Lender Actions Against Borrower or the Collateral. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person hereunder or under any other Loan Documents with respect to exercising claims against such the Borrower or rights in any collateral without the consent of the Required Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and Lenders with respect to such the Borrower and any collateral in accordance with the terms of this Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 4 contracts

Samples: Construction and Term Loan Agreement (Investors Real Estate Trust), Loan Agreement (Winthrop Realty Trust), Loan Agreement (First Union Real Estate Equity & Mortgage Investments)

Lender Actions Against Borrower or the Collateral. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person Person hereunder or under any other Loan Documents with respect to exercising claims against such the Borrower or rights in any collateral Collateral without the consent of the Required Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and the Lenders with respect to such the Borrower and any collateral in accordance with the terms of this Agreement, each Lender Bank hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Windrose Medical Properties Trust), Secured Revolving Credit Agreement (Windrose Medical Properties Trust), Secured Revolving Credit Agreement (Windrose Medical Properties Trust)

Lender Actions Against Borrower or the Collateral. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person hereunder or under any other Loan Documents with respect to exercising claims against such the Borrower or rights in any collateral Collateral without the consent of the Required Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and Lenders with respect to such the Borrower and any collateral in accordance with the terms of this Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 2 contracts

Samples: Loan Agreement (Windrose Medical Properties Trust), Loan Agreement (Windrose Medical Properties Trust)

Lender Actions Against Borrower or the Collateral. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person Person hereunder or under any other Loan Documents with respect to exercising claims against such the Borrower or rights in any collateral Collateral without the consent of the Required Requisite Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and Lenders with respect to such the Borrower and any collateral Collateral in accordance with the terms of this Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 1 contract

Samples: Loan Agreement (Alterra Healthcare Corp)

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Lender Actions Against Borrower or the Collateral. Each Lender ------------------------------------------------- agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person Person hereunder or under any other Loan Documents with respect to exercising claims against such the Borrower or rights in any collateral Collateral without the consent of the Required Requisite Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and Lenders with respect to such the Borrower and any collateral Collateral in accordance with the terms of this Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 1 contract

Samples: Loan Agreement (Assisted Living Concepts Inc)

Lender Actions Against Borrower or the Collateral. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person hereunder or under any other Loan Documents with respect to exercising claims against such Borrower or rights in any collateral Collateral without the consent of the Required Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and Lenders with respect to such Borrower and any collateral in accordance with the terms of this Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 1 contract

Samples: Loan Agreement (NNN Healthcare/Office REIT, Inc.)

Lender Actions Against Borrower or the Collateral. Each Lender agrees that it will not take any action, nor institute any actions or proceedings, against any Borrower or any other person hereunder Guarantor or under any other Loan Documents with respect to exercising claims against such the Borrower or rights in any collateral Collateral without the consent of the Required Lenders. With respect to any action by the Agent to enforce the rights and remedies of the Agent and Lenders with respect to such the Borrower and any collateral in accordance with the terms of this Agreement, each Lender hereby consents to the jurisdiction of the court in which such action is maintained.

Appears in 1 contract

Samples: Loan Agreement (Windrose Medical Properties Trust)

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