Definition of Oxford Security Interest Enforcement Action


Oxford Security Interest Enforcement Action means the initial assignment of this Agreement by Customer to certain principal tenders as a result of the lenders enforcement of a security interest granted to them in connection with the $18 million secured loan facility that Customer closed with Oxford and CLI Healthcare LLC on or about June 30, 2008.

Examples of Oxford Security Interest Enforcement Action in a sentence

In the event of a Change-of-Control Transaction or an Oxford Security Interest Enforcement Action, Customer must, as soon as practicable, notify Service Provider of any such assignment.