Common use of Enforcement Events Clause in Contracts

Enforcement Events. Assets of the Borrower with a total market value or book value (whichever is lower) reaching or exceeding RMB [Five Million] are sealed up, frozen, seized, enforced upon, expropriated, confiscated, or subjected to other similar measures, and such measures are not lifted within [30] Business Days after their commencement.

Appears in 1 contract

Sources: Syndicated Loan Agreement (Texxon Holding LTD)

Enforcement Events. Assets of the Borrower with a ​ The borrower’s assets, whose total market value or book value (whichever is lower) reaching reaches or exceeding exceeds RMB [Five Million10,000,000.00] Yuan, are sealed upsealed, frozen, seized, enforced uponexecuted, expropriated, confiscated, confiscated or subjected to imposed by other similar measures, and such measures are not lifted within [30] Business Days business days after their commencement.. ​

Appears in 1 contract

Sources: Syndicated Loan Contract (Amphastar Pharmaceuticals, Inc.)