Enforcement Action Notice definition

Enforcement Action Notice means a Notice given from Subordinate Lender to Senior Lender and Funding Lender, following one or more Subordinate Mortgage Default(s) and the expiration of any applicable notice or cure periods, setting forth in reasonable detail the Subordinate Mortgage Default(s) and the Enforcement Actions proposed to be taken by Subordinate Lender.
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Enforcement Action Notice has the meaning specified in Section 3.2(b).
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Enforcement Action Notice means a written notice from Junior Lender to Senior Lender, given following a Junior Loan Default and the expiration of any notice or cure periods provided for such Junior Loan Default in the Junior Loan Documents, setting forth in reasonable detail the Enforcement Action proposed to be taken by Junior Lender.
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Examples of Enforcement Action Notice in a sentence

  • Funding Lender will advise Equity Bridge Lender whether Funding Lender consents to the Enforcement Action by Equity Bridge Lender within 90 days following Funding Lender’s receipt of the Enforcement Action Notice (failure of Funding Lender to provide written consent to the Enforcement Action within such 90-day period constitutes Funding Lender’s refusal of such consent).

  • The Senior Mortgagee shall advise the Subordinate Mortgagee whether the Senior Mortgagee consents to the Enforcement Action by the Subordinate Mortgagee within ninety (90) days following the Senior Mortgagee’s receipt of the Enforcement Action Notice (failure of the Senior Mortgagee to provide written consent to the Enforcement Action within such 90-day period constitutes the Senior Mortgagee’s refusal of such consent).

  • Except for the limitations set forth in the immediately preceding sentence, Senior Lender or Funding Lender may pursue all rights and remedies available to it under the Senior Loan Documents, at law, or in equity, regardless of any Enforcement Action Notice or Enforcement Action by Equity Bridge Lender.

  • The relevant Collateral Agent will promptly inform each other Secured Party of any revocation or withdrawal of any Notice of Default, Guarantee Claim Notice or Enforcement Action Notice.

  • Senior Lender will advise Subordinate Lender whether Senior Lender consents to the Enforcement Action by Subordinate Lender within ninety (90) days following Senior Xxxxxx’s receipt of the Enforcement Action Notice (failure of Senior Lender to provide written consent to the Enforcement Action within such 90-day period constitutes Senior Lender’s refusal of such consent).

  • If the course of action proposed by the Enforcement Intending Party in the Enforcement Action Notice or any other course of action is approved by the Majority Lenders within 30(thirty) days of Enforcement Action Notice given pursuant to occurrence of such Non-Financial Event of Default, then all theAgent and the SecurityTrustee such approved course of action.

  • Except for the limitations set forth in the immediately preceding sentence, Senior Lender may pursue all rights and remedies available to it under the Senior Loan Documents, at law, or in equity, regardless of any Enforcement Action Notice or Enforcement Action by Equity Bridge Lender.

  • Such Enforcement Action Notice shall specify the particular Enforcement Action, which the Enforcement Intending Party proposes.

  • Senior Lender will advise Equity Bridge Lender whether Senior Lender consents to the Enforcement Action by Equity Bridge Lender within 90 days following Senior Xxxxxx’s receipt of the Enforcement Action Notice (failure of Senior Lender to provide written consent to the Enforcement Action within such 90-day period constitutes Senior Lender’s refusal of such consent).

  • Each Enforcement Action Notice will, except as otherwise provided herein, be effective on the date set forth in such notice.


More Definitions of Enforcement Action Notice

Enforcement Action Notice means a Notice given from Subordinate Lender to Senior Lender following one or more Subordinate Mortgage Default(s) and the expiration of any applicable notice or cure periods, setting forth in reasonable detail the Subordinate Mortgage Default(s) and the Subordinate Loan Enforcement Actions proposed to be taken by Subordinate Lender.
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Enforcement Action Notice means a Notice from Equity Bridge Lender to Funding Lender, given following one or more Equity Bridge Loan Default(s) and the expiration of any Notice or cure periods provided for in the Equity Bridge Loan Documents, setting forth in reasonable detail the Equity Bridge Loan Default(s) and the Enforcement Actions proposed to be taken by Equity Bridge Lender.
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Enforcement Action Notice means a written notice from Subordinate Lender to Senior Lender, or from Senior Lender to Subordinate Lender, given following a Subordinate Mortgage Default or Senior Security Instrument Default, respectively, and the expiration of any notice or cure period provided for such Subordinate Mortgage Default or Senior Security Instrument Default, in the Subordinate Loan Documents, or the Senior Loan Documents, setting forth in reasonable detail the Enforcement Action proposed to be taken by Subordinate Lender or Senior Lender.
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Enforcement Action Notice means a written notice from the Subordinate Mortgagee to the Senior Mortgagee, or from the Senior Mortgagee to the Subordinate Mortgagee, given following a Subordinate Mortgage Default or Senior Mortgage Default, respectively, and the expiration of any notice or cure period provided for such Subordinate Mortgage Default or Senior Mortgage Default, in the Subordinate Loan Documents, or the Senior Loan Documents, setting forth in reasonable detail the Enforcement Action proposed to be taken by the Subordinate Mortgagee or Senior Mortgagee.
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Enforcement Action Notice means a Notice given from Subordinate Lender to Senior Lender following one or more Subordinate Mortgage Default(s) and the expiration of any applicable notice or cure periods, setting forth in reasonable detail the Subordinate
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Related to Enforcement Action Notice

  • Enforcement Action means any action to enforce any Obligations or Loan Documents or to exercise any rights or remedies relating to any Collateral (whether by judicial action, self-help, notification of Account Debtors, exercise of setoff or recoupment, exercise of any right to vote or act in a Loan Party’s Insolvency Proceeding, or otherwise), in each case solely to the extent permitted by the Loan Documents.

  • Enforcement Notice means a written notice delivered, at a time when an ABL Default or Note Default has occurred and is continuing, by either the ABL Agent or the Notes Agent to the other announcing that an Enforcement Period has commenced, specifying the relevant event of default, stating the current balance of the ABL Obligations or the Note Obligations, as applicable, and requesting the current balance of the ABL Obligations or Note Obligations, as applicable, owing to the noticed party.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Agent to a Collection Bank or any similar or analogous notice from the Agent to a Collection Bank.

  • Preliminary Default Notice shall have the meaning ascribed thereto in Article 13 of this Agreement;

  • Confirmation Notice means a notice provided by the Issuer to an Investor in accordance with clause 1.3(c) of the Terms;

  • Secured Party Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit H.

  • Opt-Out Notice has the meaning specified therefor in Section 2.02(a) of this Agreement.

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • Regulatory Proceeding means a request for information, civil investigative demand, or civil proceeding commenced by service of a complaint or similar proceeding brought by or on behalf of the Federal Trade Commission, Federal Communications Commission, or any federal, state, local or foreign governmental entity in such entity’s regulatory or official capacity in connection with such proceeding.

  • Notified Action shall have the meaning set forth in Section 7.04(a) of this Agreement.

  • Enforcement Period means the period of time following the receipt by either the ABL Agent or the Term Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in the case of an Enforcement Period commenced by the Term Agent, the Discharge of Term Obligations, (b) in the case of an Enforcement Period commenced by the ABL Agent, the Discharge of ABL Obligations, or (c) the ABL Agent or the Term Agent (as applicable) terminates, or agrees in writing to terminate, the Enforcement Period.

  • Non-Controlling Authorized Representative Enforcement Date means, with respect to any Non-Controlling Authorized Representative, the date which is 180 days (throughout which 180 day period such Non-Controlling Authorized Representative was the Major Non-Controlling Authorized Representative) after the occurrence of both (i) an Event of Default (under and as defined in the Other First-Priority Agreement under which such Non-Controlling Authorized Representative is the Authorized Representative) and (ii) the Controlling Authorized Representative’s and each other Authorized Representative’s receipt of written notice from such Non-Controlling Authorized Representative certifying that (x) such Non-Controlling Authorized Representative is the Major Non-Controlling Authorized Representative and that an Event of Default (under and as defined in the Other First-Priority Agreement under which such Non-Controlling Authorized Representative is the Authorized Representative) has occurred and is continuing and (y) the First-Priority Obligations of the Series with respect to which such Non-Controlling Authorized Representative is the Authorized Representative are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of the applicable Other First-Priority Agreement; provided that the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with respect to any Common Collateral (1) at any time the Controlling Authorized Representative has commenced and is diligently pursuing any enforcement action with respect to such Common Collateral or (2) at any time the Grantor that has granted a security interest in such Common Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding.

  • Non-Monetary Default Notice shall have the meaning assigned to such term in Section 11(d).

  • Mediation Notice is defined in Section 6.2(b).

  • Actionable Default means (i) an Event of Default under and as defined by the Credit Facility Agreement or (ii) an event of default under the Public Indenture.

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • infringement notice has the meaning set forth in Section 7.4.1;

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Securities, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for the Issuer or any other entity to perform its obligations in respect of the Securities.

  • third party proceeding means any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, other than an action by or in the right of the corporation.

  • Instructing Party shall have the meaning assigned to such term in Section 6.3(a).

  • Redirection Notice shall have the meaning assigned to such term in Section 14(c).

  • Infringement Action has the meaning set forth in Section 9.6(b).

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Notice and Claims Agent means Prime Clerk LLC.