Common use of Execution or Attachment Clause in Contracts

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.