Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or by any governmental agency, including a garnishment of any of Borrower's accounts, including deposit accounts, with Lender which is not dismissed within the earlier of (i) 30 days of filing or commencement of such proceeding or (ii) 10 days prior to any action which would result in an actual forfeiture or foreclosure of the property of Borrower which is the subject matter of such action.
Appears in 8 contracts
Samples: Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (BBX Capital Corp)
