Definition of Lender Enforcement Action


Lender Enforcement Action means any of the following: (a) acceleration by the Lenders of all or any part of the Credit Agreement Obligations; (b) commencement of any Proceeding with respect to any Obligor; (c) initiation of any suit or action, including any Proceeding, against or with respect to any Obligor or other Person to enforce payment of or to collect the whole or any part of the Credit Agreement Obligations, or to enforce any other rights, powers, privileges or remedies under the Credit Documents; or (d) the taking by the Collateral Agent of any action under the provisions of any state or federal law, including, without limitation, the Bankruptcy code or the UCC, to enforce , foreclose upon, take possession of, or sell any Property of any Obligor or any other Person on account of all or any part of the Credit Agreement Obligations, including, without limitation, any Collateral.
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