Example ContractsClausesapplication of payments of and recoveries on pari passu debtVariants
Application of Payments of and Recoveries on Pari Passu Debt
Application of Payments of and Recoveries on Pari Passu Debt contract clause examples

Enforcement Action” means any action by Agent on behalf of one or more of the Pari Passu Creditors to enforce payment or performance by an Obligor of any of portion of the Pari Passu Debt under any Secured Creditor Note Documents, including, but not limited to, any of the following: # acceleration of the maturity of such Pari Passu Debt; # commencement of, prosecution of, or participation in any lawsuit, action or proceeding, whether private, judicial, equitable, administrative, or otherwise (including the commencement or joining with any other creditors in the commencement of any Proceeding) against an Obligor; # any action by Agent on behalf of Pari Passu Creditors to foreclose on the Liens of any Secured Creditor in any Collateral); # any action by Agent on behalf of Pari Passu Creditors to take possession of, or sell or otherwise realize upon, or to exercise any other rights or remedies with respect to, any Collateral, including any disposition after the occurrence of an Event of Default of any Collateral by an Obligor with the consent of, or at the direction of, Agent; and/or # the taking of any other actions by Agent on behalf of Pari Passu Creditors against any Collateral, including (other than for purposes of perfection) the taking of control or possession of any Collateral.

Enforcement Action” means any action by Agent on behalf of Aegis and the -District Creditors to enforce payment or performance by an Obligor of any of portion of the Pari Passu Debt under any Secured [[Organization F:Organization]] Note Documents, including, but not limited to, any of the following: # acceleration of the maturity of such Pari Passu Debt; # commencement of, prosecution of, or participation in any lawsuit, action or proceeding, whether private, judicial, equitable, administrative, or otherwise (including the commencement or joining with any other creditors in the commencement of any Proceeding) against an Obligor; # any action by Agent on behalf of Aegis and the -District Creditors to foreclose on the Liens of any Secured [[Organization F:Organization]] in any Collateral); # any action by Agent on behalf of Aegis and the -District Creditors to take possession of, or sell or otherwise realize upon, or to exercise any other rights or remedies with respect to, any Collateral, including any disposition after the occurrence of an Event of Default of any Collateral by an Obligor with the consent of, or at the direction of, Agent; and/or # the taking of any other actions by Agent on behalf of Aegis and the -District Creditors against any Collateral, including (other than for purposes of perfection) the taking of control or possession of any Collateral.

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