Common use of Attachment proceedings Clause in Contracts

Attachment proceedings. to notify the Collateral Agent promptly if any item of the Collateral is affected by or subject to attachment proceedings or other similar measures. In the event of an attachment or other similar measure, the Pledgor shall provide the Collateral Agent, at its request, with a copy of the attachment or other similar measure and execution order as well as with all other documentation necessary to lodge protest against the execution and shall immediately inform the execution creditor in writing of the Collateral Agent's security interests hereunder;

Appears in 2 contracts

Sources: Share Pledge Agreement, Share Pledge Agreement (BCP Crystal Holdings Ltd. 2)

Attachment proceedings. to notify the Collateral Agent promptly if any item of the Collateral is affected by or subject to attachment proceedings or other similar measures. In the event of an attachment or other similar measure, the Pledgor shall provide the Collateral Agent, at its request, with a copy of the attachment or other similar measure and execution order as well as with all other documentation necessary to lodge protest against the execution and shall immediately inform the execution creditor in writing of the Collateral Agent's security interests hereunder;; and

Appears in 1 contract

Sources: Loan Claims Pledge Agreement (BCP Crystal Holdings Ltd. 2)