Common use of Attachment or Levy Clause in Contracts

Attachment or Levy. If all or any of Borrower's assets in excess of $25,000,000 in the aggregate are attached, seized, subjected to a writ or distress warrant, or are levied upon, or come into the possession of any Judicial Officer or assignee for the benefit of creditors unless, with respect to any such assets, such attachment, seizure, writ, warrant or levy shall be dismissed, released or stayed within ten (10) days of issuance thereof.

Appears in 1 contract

Sources: Loan Agreement (Magna Group Inc)

Attachment or Levy. If all or any of the Borrower's assets in excess of $25,000,000 5,000,000.00 in the aggregate are attached, seized, subjected to a writ or distress warrant, or are levied upon, or come into the possession of any Judicial Officer or assignee for the benefit of creditors unless, with respect to any such assets, such attachment, seizure, writ, warrant or levy shall be dismissed, released or stayed within ten thirty (1030) days of issuance thereof.

Appears in 1 contract

Sources: Loan Agreement (Prime Group Realty Trust)

Attachment or Levy. If all or any of Borrower's assets in excess of One Hundred Thousand Dollars ($25,000,000 100,000) in the aggregate are attached, seized, subjected to a writ or distress warrant, or are levied upon, or come into the possession of any Judicial Officer or assignee for the benefit of creditors unless, with respect to any such assets, such attachment, seizure, writ, warrant or levy shall be dismissed, released or stayed within ten (10) days of issuance thereof.

Appears in 1 contract

Sources: Loan Agreement (Minuteman International Inc)