Common use of Enforcement Action Clause in Contracts

Enforcement Action. any action to enforce any Obligations (other than Secured Bank Product 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, setoff or recoupment, credit bid, action in an Obligor’s Insolvency Proceeding or otherwise).

Appears in 3 contracts

Sources: Loan Agreement (Hyster-Yale Materials Handling, Inc.), Loan and Security Agreement (Casella Waste Systems Inc), Loan, Security and Guaranty Agreement (Hyster-Yale Materials Handling, Inc.)

Enforcement Action. any action to enforce any Obligations (other than Secured Bank Product Obligations) or Loan Documents or to exercise any rights or remedies relating to realize upon any Collateral (whether by judicial action, self-help, notification of Account Debtors, exercise of setoff or recoupment, credit bid, action in an Obligor’s Insolvency Proceeding or otherwise).

Appears in 3 contracts

Sources: Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Nautilus, Inc.), Loan and Security Agreement (Merix Corp)

Enforcement Action. any action to enforce any Obligations (other than Secured Bank Product 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, credit bid, action exercise of any right or vote to act in an Obligora Loan Party’s Insolvency Proceeding Proceeding, or otherwise).

Appears in 3 contracts

Sources: Abl Credit Agreement (Target Hospitality Corp.), Abl Credit Agreement (Target Hospitality Corp.), Loan, Security and Guarantee Agreement (MRC Global Inc.)

Enforcement Action. any action to enforce any Obligations (other than Secured Bank Product Obligations) or 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, credit bid, action exercise of any right to vote or act in an Obligor’s Insolvency Proceeding Proceeding, or otherwise).

Appears in 1 contract

Sources: Loan and Security Agreement (Callaway Golf Co)

Enforcement Action. any action to enforce any Obligations (other than Secured Bank Product 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, credit bid, action exercise of any right to vote or act in an Obligor’s Insolvency Proceeding Proceeding, or otherwise).

Appears in 1 contract

Sources: Loan and Security Agreement (P&f Industries Inc)

Enforcement Action. any rightful action to enforce any Obligations (other than Secured Bank Product Obligations) or Loan Documents or to exercise any rights or remedies relating to realize upon any Collateral (whether by judicial action, self-help, notification of Account Debtors, exercise of setoff or recoupment, credit bid, action in an Obligor’s Insolvency Proceeding or otherwise).

Appears in 1 contract

Sources: Term Loan and Security Agreement (Birks Group Inc.)

Enforcement Action. any action to enforce any Obligations (other than Secured Bank Product 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, setoff or recoupment, credit bid, action in an Obligor’s Insolvency Proceeding or otherwise).

Appears in 1 contract

Sources: Loan Agreement (School Specialty Inc)