Common use of Prohibitions on Commencement of Certain Enforcement Actions Clause in Contracts

Prohibitions on Commencement of Certain Enforcement Actions. Until all of the Senior Debt shall have been paid in full, the Subordinated Creditors shall not at any time commence or institute, or join with any other Person or Persons in commencing or instituting, any Enforcement Action of any kind against the Borrower or any of its Subsidiaries or against any of the Property of the Borrower or any of its Subsidiaries with respect to any Subordinated Debt.

Appears in 5 contracts

Samples: Senior Term Loan Credit Agreement (United States Cellular Corp), Credit Agreement (United States Cellular Corp), Credit Agreement (United States Cellular Corp)

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Prohibitions on Commencement of Certain Enforcement Actions. Until all of the Senior Debt shall have been paid in full, the Subordinated Creditors Creditor shall not at any time take, commence or institute, or join with any other Person or Persons in taking, commencing or instituting, any Enforcement Action of any kind against the Borrower or any of its Subsidiaries the Debtors or against any of the Property of the Borrower or any of its Subsidiaries the Debtors, whether with respect to any Subordinated DebtDebt or otherwise.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Nextera Enterprises Inc)

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Prohibitions on Commencement of Certain Enforcement Actions. Until all of the Senior Debt shall have been paid in full, the Subordinated Creditors shall not at any time commence or institute, or join with any other Person or Persons in commencing or instituting, any Enforcement Action of any kind against the Borrower or any of its the Borrower’s Subsidiaries or against any of the Property of the Borrower or any of its Subsidiaries with respect to any Subordinated Debt.

Appears in 1 contract

Samples: Credit Agreement (United States Cellular Corp)

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