Equity Collateral Enforcement Action definition

Equity Collateral Enforcement Action means any action or proceeding or other exercise of Mezzanine Lender’s rights and remedies commenced by Mezzanine Lender, in law or in equity, or otherwise, in order to realize upon the Equity Collateral.
Equity Collateral Enforcement Action shall have the meaning set forth in Section in Section 13.1 hereof.
Equity Collateral Enforcement Action means any action or proceeding or other exercise of a Junior Lender’s rights and remedies exercised by such Junior Lender or by the related Collateral Agent on its behalf, in law or in equity or otherwise, in order to realize upon the Equity Collateral (including, without limitation, an assignment in lieu of foreclosure or other negotiated settlement in lieu of any such enforcement action) other than the giving of notices of default and statements of overdue amounts.

Examples of Equity Collateral Enforcement Action in a sentence

  • Each Junior Lender shall keep the applicable Subordinate Junior Lenders reasonably apprised as to the status of any Equity Collateral Enforcement Action.

  • If Landlord under the Ground Lease consents to an Equity Collateral Enforcement Action (as defined in the Ground Lease) that is a foreclosure on the Mezzanine Interests (as defined in the Ground Lease) in accordance with the Ground Lease, then the City shall be deemed to have consented to an Equity Collateral Enforcement Action that is a foreclosure on the Mezzanine Interest.

  • Except in connection with such Junior Borrower’s failure to repay such Junior Loan in full on the maturity date thereof, the Junior Lender holding the Junior Loan that is subject to an Event of Default shall permit the applicable Subordinate Junior Lenders an opportunity to cure such default in accordance with the provisions of this Section 12 before completing any Equity Collateral Enforcement Action.

  • In the event a Permitted Mezzanine Lender desires to complete an Equity Collateral Enforcement Action that is a foreclosure on the Mezzanine Interests, the Permitted Mezzanine Lender may submit to the Landlord for the Landlords’ review and reasonable approval the names of potential bidders who, if successful, would acquire ownership of the Mezzanine Interests.

  • All such Incurable Defaults shall be deemed to be permanently waived following the Permitted Lender’s taking possession of the Facility or, in the case of an Equity Collateral Enforcement Action, control of RIDA.


More Definitions of Equity Collateral Enforcement Action

Equity Collateral Enforcement Action means any action or proceeding or other exercise of a Permitted Mezzanine Lender's rights and remedies in connection with its security interests in the Pledgor in order to realize upon its equity collateral, including, without limitation, the acceptance of an assignment in lieu of foreclosure for the equity collateral. With respect to any Permitted Equity Encumbrance, (a) the granting of such Permitted Equity Encumbrance by Landlord shall not be deemed a Change of Control of Tenant, (b) any enforcement action and/or the completion of any Equity Collateral Enforcement Action (including, without limitation, the acquisition of all (or substantially all) of the direct or indirect ownership of Tenant) or the exercise of voting control over Tenant by a Permitted Mezzanine Lender with respect to such equity collateral security interest shall not be deemed a Change of Control of Tenant and shall not be prohibited by this Lease, (c) the Permitted Mezzanine Lender shall have the same cure rights and notice rights as are given to any other Permitted Lender under this Article 10, but such periods for the notice rights and cure rights shall run concurrently with the rights provided to the Permitted Mortgage Lender, and (d) in the case of MICC only, MICC shall have the same rights, including the same cure rights and the same notice rights, as are given to any other Permitted Lender under this Article 10, but such periods for notice rights and cure rights shall run concurrently with the rights provided to the Permitted Mortgage Lender.
Equity Collateral Enforcement Action means any action, proceeding, demand for payment, foreclosure, the taking of a bill of sale or assignment in lieu of any proceeding or foreclosure or any retention of title to the Equity Collateral authorized under the Uniform Commercial Code as now or hereafter in effect, including, without limitation, obtaining the appointment of a receiver or similar agent with respect to the Equity Collateral, the taking of possession or control of Equity Collateral or any portion thereof (other than the physical possession of any certificates evidencing Equity Collateral) or other exercise of a Junior Lender’s rights and remedies commenced by such Junior Lender (other than (x) the giving of notices of default and statements of overdue balances, (y) imposing default interest or late charges, or (z) subject to and in accordance with the provisions of this Agreement, the filing of a proof of claim by a Junior Lender in a Proceeding with respect to the applicable Junior Borrower), at law, in equity, or otherwise, in order to realize upon or vest title to the Equity Collateral (including, without limitation, an assignment in lieu of foreclosure or other final negotiated settlement in lieu of any such enforcement action) in Junior Lender free and clear of any lien or security interest, or otherwise obtaining, selling or transferring the Equity Collateral or the proceeds thereof.
Equity Collateral Enforcement Action means any action or proceeding or other exercise of Mezzanine Lender’s rights and remedies commenced by Mezzanine Lender, in law or in equity, or otherwise, in order to realize upon the Equity Collateral or any part thereof, or any transaction, whether in the nature of a transfer or assignment in lieu of foreclosure or otherwise, in order to acquire the Equity Collateral, in whole or in part (other than the delivery by Mezzanine Lender to Borrower of notices of default and statements of overdue amounts).
Equity Collateral Enforcement Action means any action or proceeding or other exercise of Cash Grant Bridge Lender’s rights and remedies commenced by Cash Grant Bridge Lender (other than the giving of notices of default and statements of overdue amounts), in law or in equity, or otherwise, in order to realize upon the Equity Collateral, in whole or in part, or any transaction, whether in the nature of a transfer in lieu of foreclosure or otherwise, in order to acquire the Equity Collateral, in whole or in part.
Equity Collateral Enforcement Action means any action, proceeding, demand for payment, foreclosure, the taking of a xxxx of sale or assignment in lieu of any proceeding or foreclosure or any retention of title to the Equity Collateral authorized under the Uniform Commercial Code as now or hereafter in effect, including, without limitation, obtaining the appointment of a receiver or similar agent with respect to the Equity Collateral, the taking of possession or control of Equity Collateral or any portion thereof (other than the physical possession of any certificates evidencing Equity Collateral) or other exercise of a Junior Lender’s rights and remedies commenced by such Junior Lender (other than the giving of notices of default and statements of overdue balances or imposing default interest or late charges), at law, in equity, or otherwise, in order to realize upon or vest title to the Equity Collateral (including, without limitation, an assignment in lieu of foreclosure or other final negotiated settlement in lieu of any such enforcement action) in Junior Lender free and clear of any lien or security interest, or otherwise obtaining, selling or transferring the Equity Collateral or the proceeds thereof.
Equity Collateral Enforcement Action means any action or proceeding or other exercise of a Junior Lender’s rights and remedies commenced by such Junior Lender, in law or in equity, or otherwise, in order to realize upon the Equity Collateral (including, without limitation, an assignment in lieu of foreclosure or other negotiated settlement in lieu
Equity Collateral Enforcement Action. 11.1(s) “Equity Collateral Transfer Date” - 11.1(s) “Event of Default” - 8.1 “Exchange Act” - 10.1.2 “Fitch” - 1.1 (Definition of Rating Agency) “Government Lists” - 5.32 “Guaranty” — 1.1 (Definition of Loan Documents) “Hazardous Substances” - 4.21 “Improvements” - Mortgage “Indemnified Liabilities” - 5.31 “Indemnified Party” - 5.31 “Independent Director” - Schedule 4Insurance Premiums” - 7.1.2