Common use of Installment Note Clause in Contracts

Installment Note. On or after the Partial Repayment Date, the Predecessor Parent Pledgor commences any actions or proceedings against the LP Parent in respect of any amounts owed to it under that certain installment note made by the LP Parent in favor of the Predecessor Parent Pledgor in connection with the Borrower Interest Purchase and Sale Agreement, and such actions or proceedings have an adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.