Common use of Attachment or Levy Clause in Contracts

Attachment or Levy. If all or any of Borrower's assets in excess of Fifty Thousand Dollars ($50,000) in the aggregate are attached, seized, subjected to a writ or distress warrant, or are levied upon, or come into the possession of any trustee, receiver, controller, custodian or assignee for the benefit of creditors (or any other Person with similar powers or duties) unless, with respect to any such assets, such attachment, seizure, writ, warrant or levy -52- 54 shall be dismissed, released or stayed within thirty (30) days of issuance thereof.

Attachment or Levy. If all or any of Borrower's assets in excess of Fifty Thousand Dollars ($50,000) in the aggregate are attached, seized, subjected to a writ or distress warrant, or are levied upon, or come into the 40 41 possession of any trustee, receiver, controller, custodian or assignee for the benefit of creditors (or any other Person with similar powers or duties) unless, with respect to any such assets, such attachment, seizure, writ, warrant or levy -52- 54 shall be dismissed, released or stayed within thirty (30) days of issuance thereof.