Common use of Creditor or Forfeiture Proceedings Clause in Contracts

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the indebtedness, or by any governmental agency.

Appears in 1 contract

Samples: Promissory Note (Trizetto Group Inc)

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Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the indebtednessIndebtedness, or by any governmental agency.

Appears in 1 contract

Samples: Loan Agreement (Zila Inc)

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the indebtedness, or by any governmental agencyagency against the Collateral or any other collateral securing the Indebtedness. This includes a garnishment of any of Grantor's deposit accounts with Lender.

Appears in 1 contract

Samples: Business Loan Agreement (F5 Networks Inc)

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the indebtednessIndebtedness, or by any governmental agency. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Back Yard Burgers Inc)

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Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help help, repossession or any other method, by any other creditor of Borrower, any creditor of any Grantor against any collateral securing the indebtedness, Borrower or by any governmental agencyagency against the Collateral or any other collateral securing the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Aimrite Holdings Corp)

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the indebtednessIndebtedness, or by any governmental agencyagency if the successful prosecution of such proceeding would have a material adverse effect on the Borrower or its business operations. This includes a garnishment, attachment, or levy on or of any of Borrower's deposit accounts with Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Labor Ready Inc)

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