Execution and Attachment Against Sample Clauses

The 'Execution and Attachment Against' clause defines the rights and procedures for enforcing a judgment or claim against a party’s assets. In practice, this clause typically allows a creditor to seize or attach the debtor’s property, bank accounts, or other assets if the debtor fails to satisfy a legal obligation or judgment. By outlining the mechanisms for asset seizure, the clause ensures that creditors have a clear legal pathway to recover debts, thereby providing a practical remedy for non-payment or breach of contract.
Execution and Attachment Against. A Default by Tenant shall exist if ▇▇▇▇▇▇’s interest under this Lease or in the Demised Premises shall be taken upon execution or by other process of law directed against ▇▇▇▇▇▇ (other than by condemnation), or shall be subject to any attachment at the instance of any creditor or claimant against ▇▇▇▇▇▇ and said attachment shall not be discharged or disposed of within thirty (30) days after the levy thereof.
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Related to Execution and Attachment Against

  • Execution and Effect of Agreement Buyer has the requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder, and the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance of Buyer’s obligations hereunder have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and constitutes the legal, valid and binding obligation of Buyer, enforceable against it in accordance with its terms, subject to the Enforceability Exceptions.

  • Execution and Binding Effect This Agreement, the Note and the other Loan Documents to which Borrower is a party have been duly and validly executed and delivered by Borrower and constitute legal, valid and binding obligations of Borrower, enforceable in accordance with the terms hereof and thereof, subject to the effect of bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally.

  • Execution of Agreements The Purchasers shall have executed this Agreement and delivered this Agreement to the Company.

  • Execution of Agreement The HSP represents and warrants that: (a) it has the full power and authority to enter into this Agreement; and (b) it has taken all necessary actions to authorize the execution of this Agreement.

  • Judgments and Attachments Any money judgment, writ or warrant of attachment or similar process involving (i) in any individual case an amount in excess of $500,000 or (ii) in the aggregate at any time an amount in excess of $1,000,000 (in either case, to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be entered or filed against any Loan Party or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty (60) days (or in any event later than five (5) days prior to the date of any proposed sale thereunder); or