Lien Proceeding definition

Lien Proceeding. Any action taken (including self help) or proceeding (judicial or otherwise) commenced by any Person other than Secured Party for the purpose of enforcing or protecting any actual or alleged Lien upon any of the Collateral, and including any foreclosure, repossession, attachment, execution or other process regarding any of the Collateral.
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Examples of Lien Proceeding in a sentence

  • Debtor shall give Secured Party immediate written notice of the threat by any Person to commence any proceedings on a material portion of the Collateral or any other Lien Proceeding.

  • The Pledgors shall give the Secured Party immediate written notice of any Lien Proceeding relating to the Collateral or any thereof.

  • If any Lien Proceeding is commenced relating to the Collateral, the Pledgors shall promptly give the Secured Party such information, and copies of any documentation, relating to such Lien Proceeding as the Secured Party may request from time to time.

  • If any Lien Proceeding is commenced relating to the Collateral or any thereof, the Debtors shall promptly give the Secured Party such information, and copies of any documentation, relating to such Lien Proceeding as the Secured Party may request from time to time.

  • The Company shall give Secured Party immediate written notice of the threat by any Person to commence any proceedings on a material portion of the Collateral or any other Lien Proceeding.

  • The Debtors shall give the Secured Party immediate written notice of any Lien Proceeding relating to the Collateral or any thereof.

  • Debtor shall give Secured Party immediate written notice of the threat or action by any Person or entity to commence any proceedings on any portion of the Collateral or any other Lien Proceeding or any filing or threat to file an action against Debtor.

  • Debtor shall give Secured Party immediate written notice of (a) the threat by any Person to commence any Lien Proceeding, and (b) the commencement of any Lien Proceeding.

  • Upon the occurrence and during the continuance of a Trigger Event, the Company shall give the Investor immediate written notice of any Lien Proceeding relating to the Collateral or any portion thereof.

  • If upon the occurrence and during the continuance of a Trigger Event any Lien Proceeding is commenced relating to the Collateral or any portion thereof, the Company shall promptly give the Investor such information, and copies of any documentation, relating to such Lien Proceeding as the Investor may request from time to time.