Common use of Restriction on Action by Junior Creditor Clause in Contracts

Restriction on Action by Junior Creditor. (a) Until the Senior Debt is indefeasibly paid in full in cash, no Junior Creditor or Junior Trustee shall, without the prior written consent of the Required Holders, take any Collection Action with respect to the Junior Obligations, except as permitted below.

Restriction on Action by Junior Creditor. (a) Until the Senior Debt is indefeasibly paid Paid in full in cashFull, no Junior Creditor or Junior Trustee shall, without the prior written consent of the Required Holders, will not take any Collection Enforcement Action with respect to the Junior ObligationsDebt. Notwithstanding the foregoing, except as permitted belowJunior Creditor may file proofs of claim against any Borrower in any Proceeding involving any Borrower.

Restriction on Action by Junior Creditor. (a) Until the Senior Debt is indefeasibly paid in full in cash, no the Junior Creditor or Junior Trustee shallshall not, without the prior written consent of the Required HoldersSenior Creditor, take any Collection Action with respect to the Junior ObligationsDebt, except as permitted below.in this Section 2.5(a) or Section 2.2 hereof. Upon the earliest to occur of: