Execution or Distress. any execution (Zwangsvollstreckung) or distress (Beschlagnahme) is levied against, or an encumbrancer takes possession of the whole, or any material part of the assets of the Borrower or any event which under the laws of any jurisdiction has a similar effect is not discharged within thirty (30) days;
Appears in 8 contracts
Sources: Project Financing Facility Agreement, Project Financing Agreement (Mercer International Inc.), Project Financing Facility Agreement (Mercer International Inc.)
Execution or Distress. any Any execution (Zwangsvollstreckung) or distress (Beschlagnahme) (or any event which under the laws of any other jurisdiction that has a similar effect) is levied against, or an encumbrancer takes possession of the whole, or any material part part, of the assets of the Borrower or any event which under the laws of any jurisdiction has a similar effect is not discharged within thirty (30) days;.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Mercer International Inc.)