Common use of Creditor Proceedings Clause in Contracts

Creditor Proceedings. The commencement of foreclosure or other proceeding to obtain possession of the Real Property and/or the Collateral, whether by judicial proceeding, self-help, repossession, garnishment, execution or any other method, by any creditor of HLBE.

Appears in 5 contracts

Samples: Forbearance Agreement (Heron Lake BioEnergy, LLC), Forbearance Agreement (Heron Lake BioEnergy, LLC), Forbearance Agreement (Heron Lake BioEnergy, LLC)

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Creditor Proceedings. The commencement of foreclosure or other proceeding to obtain possession of the Real Property and/or the Collateral, whether by judicial proceeding, self-self help, repossession, garnishment, execution or any other method, by any creditor of HLBEthe Borrower.

Appears in 2 contracts

Samples: Forbearance Agreement (Otter Tail Ag Enterprises, LLC), Forbearance Agreement (Heron Lake BioEnergy, LLC)

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Creditor Proceedings. The commencement of foreclosure or other proceeding to obtain possession of the Real Property and/or the Collateral, whether by judicial proceeding, self-help, repossession, garnishment, execution or any other method, by any creditor of HLBEthe Borrower.

Appears in 1 contract

Samples: Forbearance Agreement (Heron Lake BioEnergy, LLC)

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