Common use of Lenders’ Enforcement Rights Clause in Contracts

Lenders’ Enforcement Rights. Each Lender has assigned to Agent its absolute and unconditional right to enforce the payment of its Note. No Lender may unilaterally enforce any Lien or security interest in the Collateral, or bring suit against Borrower to enforce such Lender’s rights hereunder or under its Note.

Lenders’ Enforcement Rights. Each Lender has assigned to Agent its absolute and unconditional right to enforce the payment of its Note. No Lender may unilaterally enforce any Lien or security interest in the Collateral, or bring suit against Borrower to enforce such Lender’s 's rights hereunder or under its Note.

Lenders’ Enforcement Rights. Each Lender has assigned to the Agent its absolute and unconditional right to enforce the payment of its Note. No Lender may unilaterally enforce any Lien or security interest in the Collateral, or bring suit against the Borrower to enforce such Lender’s 's rights hereunder or under its Note.