Common use of Enforcement Action Clause in Contracts

Enforcement Action. 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 or vote to act in a Loan Party’s Insolvency Proceeding, or otherwise).

Appears in 3 contracts

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

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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, exercise of any right or vote to act credit bid, action in a Loan Partyan Obligor’s Insolvency Proceeding, Proceeding or otherwise).

Appears in 3 contracts

Samples: Loan, Security and Guaranty 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 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, exercise of any right or vote to act in a Loan Party’s Insolvency Proceeding, or otherwise).

Appears in 3 contracts

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

Enforcement Action. any action to enforce any Obligations or (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, exercise of any right to vote or vote to act in a Loan Partyan Obligor’s Insolvency Proceeding, or otherwise).

Appears in 1 contract

Samples: Loan and Security Agreement (Callaway Golf Co)

Enforcement Action. 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 vote to act in a Loan Partyan Obligor’s Insolvency Proceeding, or otherwise).

Appears in 1 contract

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

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Enforcement Action. any rightful action to enforce any 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, exercise of any right or vote to act in a Loan Party’s Insolvency Proceeding, or otherwise).

Appears in 1 contract

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

Enforcement Action. 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 or vote to act credit bid, action in a Loan Partyan Obligor’s Insolvency Proceeding, Proceeding or otherwise).

Appears in 1 contract

Samples: Loan Agreement (School Specialty Inc)

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