Senior Enforcement Action definition

Senior Enforcement Action means any of the following: (a) acceleration by the Senior Creditor of all or any part of the Senior Indebtedness; (b) commencement of any Proceeding with respect to the Credit Party; (c) initiation of any suit or action, including any Proceeding, against or with respect to the Credit Party or other Person to enforce payment of or to collect the whole or any part of the Senior Indebtedness, or to enforce any other rights, powers, privileges or remedies under the Senior Credit Documents; or (d) the taking by the Senior Creditor of any action under the provisions of any state or federal or local law, including, without limitation, the Bankruptcy Code or the UCC, to enforce, foreclose upon, take possession of or appoint a Receiver in respect of or sell any Property of the Credit Party or any other Person on account of all or any part of the Senior Indebtedness, including, without limitation, any Collateral.
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Senior Enforcement Action means, in relation to any Senior Liabilities, any action whatsoever to:
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Senior Enforcement Action means any of the following: (a) acceleration by Senior Banks of all or any part of the Senior Indebtedness; (b) commencement of any Proceeding with respect to any Credit Party; (c) initiation of any suit or action, including any Proceeding, against or with respect to any Credit Party or other Person to enforce payment of or to collect the whole or any part of the Senior Indebtedness; or (d) the taking by Agent of any action under the provisions of any state or federal law, including, without limitation, the Bankruptcy Code or the UCC, to enforce, foreclose upon, take possession of or sell any Property of any Credit Party or any other Person on account of all or any part of the Senior Indebtedness, including, any Senior Bank Collateral.
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More Definitions of Senior Enforcement Action

Senior Enforcement Action means any of the following: (a) acceleration by Senior Lenders of all or any part of the Senior Indebtedness; (b) commencement of any Proceeding with respect to any Credit Party; (c) initiation of any suit or action, including any Proceeding, against or with respect to any Credit Party or other Person to enforce payment of or to collect the whole or any part of the Senior Indebtedness, or to enforce any other rights, powers, privileges or remedies under the Senior Credit Documents; or (d) the taking by Agent of any action under the provisions of any state or federal law, including, without limitation, the Bankruptcy Code or the Uniform Commercial Code, to enforce, foreclose upon, take possession of or sell any Property of any Credit Party or any other Person on account of all or any part of the Senior Indebtedness, including, any Senior Lender Collateral.
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Senior Enforcement Action means (a) to take from or for the account of any or all of the Obligors, by set-off or in any other manner, the whole or any part of any moneys which may now or hereafter be owing by any or all of the Obligors with respect to any of the Senior Indebtedness, (b) to sue for payment of, or to initiate or participate with others in any suit, action or proceeding against any or all of the Obligors to (i) enforce payment of or to collect any of the Senior Indebtedness or to enforce any rights or remedies available under any Senior Loan Document or (ii) commence judicial enforcement of any of the rights and remedies under any Senior Loan Document or applicable law with respect to any of the Senior Indebtedness, (c) to accelerate the maturity of any of the Senior Indebtedness, (d) to cause any or all of the Obligors to honor any mandatory prepayment obligation under the Senior Loan Documents, (e) to take any action to enforce or require the enforcement of any lien or security interest arising under the Senior Loan Documents or otherwise to foreclose, appropriate, execute, attach, arrest, levy, or collect on, take possession or control (by setoff or otherwise) of, sell or otherwise realize upon (judicially or non-judicially), or lease, license, or otherwise dispose of (whether publicly or privately), any assets of any Obligor, or otherwise exercise or enforce remedial rights with respect to any such assets under the Senior Loan Documents (including by way of setoff, recoupment, notification of a public or private sale or other disposition pursuant to the Senior Loan Documents, the Uniform Commercial Code in any applicable jurisdiction or other applicable law, notification to account debtors, notification to depositary banks under deposit account control agreements, securities intermediaries under securities account agreements or commodity intermediaries under commodity account agreements, or exercise of rights under landlord consents, bailee waivers or similar agreements, if applicable), (f) to, or to enter into any agreement in order to have a third party, solicit bids to effect the liquidation or disposition of any assets of any Obligor or engage or retain sales brokers, marketing agents, investment bankers, accountants, appraisers, auctioneers, or other third parties for the purpose of marketing, promoting, or selling any assets of any Obligor, (g) to receive a transfer of any assets of any Obligor in satisfaction of any Senior Indebtedness secured thereby or ma...
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Senior Enforcement Action means any action to accelerate the maturity of the Senior Debt, commence or join in any action or proceeding to recover any amounts due on the Senior Debt, commence or join in, or encourage others to file, any involuntary bankruptcy petition or similar judicial proceeding against Borrower, or commence any litigation against Borrower for enforcement of Senior Creditor’s rights or remedies, or collect, take possession of, foreclose upon, or exercise any other rights or remedies with respect to, the Collateral, judicially or non-judicially, or attempt to do any of the foregoing.
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Senior Enforcement Action means, any action by the Senior Lender to (a) xxx for, take or receive from or on behalf of any Obligor, by set-off or in any other manner, the whole or any part of any moneys which may now or hereafter be owing by any Obligor with respect to the Senior Debt, (b) initiate or participate with others in any suit, action or proceeding against any Obligor or its property to (i) enforce payment of or to collect the whole or any part of the Senior Debt or (ii) commence judicial enforcement of any of the rights and remedies under the Senior Debt Documents or applicable law with respect to the Senior Debt, (c) accelerate the Senior Debt, and (d) foreclose on the lien of the Senior Lender in all or a material portion of the Collateral or exercise any right of repossession, levy, attachment, setoff or liquidation against all or a material portion of the Collateral.
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Senior Enforcement Action means the occurrence of an event of default by the Company against the Senior Lender.
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Senior Enforcement Action means any of the following: (a) with respect to any Term Advances outstanding, acceleration by Senior Lender or, with respect to any Revolving Advances outstanding, demand for payment by Senior Lender of all or any part of the Senior Indebtedness; (b) commencement of any Proceeding with respect to any Credit Party; (c) initiation of any suit or action, including any Proceeding, against or with respect to any Credit Party or other Person to enforce payment of or to collect the whole or any part of the Senior Indebtedness; or (d) the taking by Senior Lender of any action under the provisions of any state or federal law, including, without limitation, the Bankruptcy Code or the UCC, to enforce, foreclose upon, take possession of or sell any Property of any Credit Party or any other Person on account of all or any part of the Senior Indebtedness, including, any Senior Lender Collateral.
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Related to Senior Enforcement Action

  • Enforcement Action means any action of any kind to:

  • Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

  • Law enforcement agency means an agency of the state, or of a county, municipality, or other political subdivision of the state, that employs peace officers who make traffic stops in the routine performance of the officers' official duties.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Drug enforcement administration means the drug enforcement

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Term Obligations shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant Term Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

  • 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.