Lien Proceedings definition

Lien Proceedings means any action taken (including self-help) or proceeding (judicial or otherwise) commenced by any Person other than the Secured Party for the purpose of enforcing or protecting any actual or alleged security interest in, or other lien on, any of the Pledged Collateral, and including any foreclosure, repossession, attachment, execution or other process regarding any of the Pledged Collateral.
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Lien Proceedings. Any action taken (including self-help) or proceeding (judicial or otherwise) commenced by any Person other than the Secured Party for the purpose of enforcing or protecting any actual or alleged security interest in, or other lien on, any of the Collateral, and including any foreclosure, repossession, attachment, execution or other process regarding any of the Collateral. “Liens” Mortgages, defects, claims, liens, pledges, charges, taxes, rights of first refusal, encumbrances, security interests and other encumbrances.
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Lien Proceedings. Any action taken (including self-help) or proceeding (judicial or otherwise) commenced by any Person other than the Investor for the purpose of enforcing or protecting any actual or alleged security interest in, or other lien on, 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 Proceedings in a sentence

  • Debtor shall not enter into or suffer to exist any agreement that would entitle any Third Party, to commence or prosecute any Lien Proceedings under any circumstances.

Related to Lien Proceedings

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • criminal proceedings means criminal proceedings in relation to which the strict rules of evidence apply;

  • Formal proceedings means proceedings conducted before a judge with notice to interested persons.

  • Bond proceedings means, collectively, this Ordinance, the Certificate of Award and such other proceedings of the City, including the Bonds, that provide collectively for, among other things, the rights of holders and beneficial owners of the Bonds.

  • civil proceedings means proceedings before the Tribunal or civil proceedings before any court;