Limitations on Enforcement Actions. The Subordinated Creditor will not take any Enforcement Action until such time as: (a) any Standstill Period is no longer continuing; and (b) the Subordinated Creditor shall have given to the Borrower and the Senior Creditor not less than 30 days' prior written notice (an "Enforcement Action Notice") of the intent of the Subordinated Creditor to take such Enforcement Action.
Appears in 6 contracts
Samples: Subordination Agreement (Pomeroy Computer Resources Inc), Subordination Agreement (Pomeroy Computer Resources Inc), Subordination Agreement (Pomeroy Computer Resources Inc)
Limitations on Enforcement Actions. The Subordinated Creditor will not take any Enforcement Action until such time as:
(a) any Standstill Period is no longer continuing; and
(b) the Subordinated Creditor shall have given to the Borrower and the Senior Creditor not less than 30 days' prior written notice (an "Enforcement Action NoticeENFORCEMENT ACTION NOTICE") of the intent of the Subordinated Creditor to take such Enforcement Action.
Appears in 1 contract
Samples: Subordination Agreement (Pomeroy Computer Resources Inc)
Limitations on Enforcement Actions. The Subordinated Creditor will not take any Enforcement Action until such time as:
(a) any Standstill Period is no longer continuing; and
(b) the Subordinated Creditor shall have given to the Borrower and the Senior Creditor not less than 30 days' prior written notice (an "Enforcement Enfor cement Action Notice") of the intent of the Subordinated Creditor to take such Enforcement Action.
Appears in 1 contract
Samples: Subordination Agreement (Pomeroy Computer Resources Inc)
