Execution or Attachment Sample Clauses

The 'Execution or Attachment' clause primarily serves to protect a party’s assets from being seized or encumbered as a result of legal judgments or creditor actions related to the agreement. In practice, this clause typically prohibits the other party from attempting to execute, levy, or attach any property or funds held under the agreement, even if a court judgment is obtained. This ensures that the assets involved in the contract remain secure and are not subject to third-party claims, thereby safeguarding the parties’ interests and preventing disruptions to the contractual relationship.
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Execution or Attachment. Tenant’s interest in this Lease is taken in execution or in attachment or a writ of execution is issued against Tenant.
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Execution or Attachment. Any judgment lien shall be filed, or any writ of execution, attachment, garnishment or other legal process shall be issued, against any of the property of the Borrower, any Guarantor or any of their respective Subsidiaries, which by itself or together with all other such legal processes is for an amount in excess of $100,000, and which shall remain unvacated, unbonded or unstayed for a period of thirty (30) days, or in any event later than five (5) days prior to the date of any proposed sale thereunder.
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Execution or Attachment. Any judgment lien shall be filed, or any writ of execution, attachment, garnishment or other legal process shall be issued, against any of the property of the Borrower, any Guarantor or any of their respective Subsidiaries, which by itself or together with all other such legal processes is for an amount in excess of an amount equal to one percent (1%) of the consolidated assets of the Borrower and its Subsidiaries, determined in conformity with GAAP, as of the end of the immediately preceding Fiscal Year, and which remains unvacated, unbonded or unstayed for a period of thirty (30) days or in any event later than five (5) days prior to the date of any proposed sale thereunder, unless the same is fully covered by insurance issued by a solvent and reputable insurance company that has not denied or questioned coverage.
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Execution or Attachment. Execution or attachment against the Assets, to the extent that such execution or attachment substantially interferes with Permitted Operations, or against all or any material part of the Premises or any interest therein that has been created or allowed in any way to exist by GT USA Enstructure or any person claiming through it, and such execution or attachment has not been vacated, stayed by court order, bonded or otherwise removed within a period of sixty (60) days; and/or
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Related to Execution or Attachment

  • NO ATTACHMENT (a) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to affect any such action shall be null, void, and of no effect. (b) This Agreement shall be binding upon, and inure to the benefit of, Executive and the Bank and their respective successors and assigns.

  • EXECUTION OF CONTRACT 20.1 Depending on the type of service provided, one of the following methods will be employed. The method applicable to this contract will be checked below: _ a. PURCHASE ORDER, unless otherwise noted. 1. This contract shall consist of a Lancaster County Purchase Order. 2. A copy of the Bidder’s bid response (or referenced bid number) attached and that the same, in all particulars, becomes the contract between the parties hereto: that both parties thereby accept and agree to the terms and conditions of said bid documents.

  • Exhibits and Attachments The following exhibits and attachments are included hereto and incorporated by reference herein: Exhibit A—Services Exhibit B—Payments and rates Attachment I—§504 Compliance

  • Execution of Papers Except as the Trustees generally or in particular cases may authorize the execution thereof in some other manner, all deeds, leases, contracts, notes and other obligations made by the Trustees shall be signed by the President, any Vice President, or by the Treasurer and need not bear the seal of the Trust.

  • Fax Execution This Agreement may be executed by delivery of executed signature pages by fax and such fax execution will be effective for all purposes.