Common use of Restriction on Enforcement Clause in Contracts

Restriction on Enforcement. Subordinated Creditors Subject to Clause 7.8 (Permitted Enforcement: Subordinated Creditors), no Subordinated Creditor shall be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date.

Appears in 1 contract

Samples: Intercreditor Agreement

AutoNDA by SimpleDocs

Restriction on Enforcement. Subordinated Creditors Subject to Clause 7.8 8.8 (Permitted Enforcement: Subordinated Creditors), no Subordinated Creditor shall be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Final Discharge Date.

Appears in 1 contract

Samples: Intercreditor Agreement

Restriction on Enforcement. Subordinated Creditors Subject to Clause 7.8 (Permitted Enforcement: Subordinated Creditors), no No Subordinated Creditor shall be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Final Discharge Date, other than in accordance with Clause 6 (Effect of Insolvency Event).

Appears in 1 contract

Samples: Intercreditor Agreement (Globalstar, Inc.)

AutoNDA by SimpleDocs

Restriction on Enforcement. Subordinated Creditors Subject to Clause 7.8 5.7 (Permitted Enforcement: Subordinated Creditors), no none of the Subordinated Creditor Creditors shall be entitled to take any Enforcement Action in respect of any of the Subordinated Liabilities at any time prior to the Senior Discharge Date.

Appears in 1 contract

Samples: Intercreditor Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.