Levy or Attachment Sample Clauses
The Levy or Attachment clause defines the rights and obligations of the parties if a party’s assets are seized or subjected to a legal claim by a third party, such as through a court order or government action. In practice, this clause typically outlines what happens if a party’s property is frozen, garnished, or otherwise encumbered, and may specify remedies or actions the non-affected party can take, such as suspending performance or terminating the agreement. Its core function is to protect the interests of the unaffected party and provide a clear process for addressing disruptions caused by legal actions against a party’s assets.
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Levy or Attachment. Any material portion of Borrower's assets is attached, seized, subjected to a writ or distress warrant or is levied upon, or comes into the possession of any judicial officer or assignee;
Levy or Attachment. If any writ, attachment, levy, citation, lien or distress warrant shall be issued against the Mortgaged Property or any part thereof or interest therein.
Levy or Attachment. More than $150,000 of Borrowers’ or any Guarantor’s assets are attached, seized, subjected to a writ or distress warrant, or are levied upon, or come into the possession of any judicial officer.
Levy or Attachment. The taking or seizure of any material portion of the Property under levy of execution or attachment.
Levy or Attachment. Any material portion of a Borrower's assets is attached, seized, subjected to a writ or distress warrant, or is levied upon, or comes into the possession of any judicial officer;
Levy or Attachment. Any Loan Party’s assets having a value in excess of USD 200,000 in the aggregate are attached, seized, subjected to a writ or distress warrant, or are levied upon, or come into the possession of any judicial officer.
Levy or Attachment. More than $150,000 of Borrower's assets is attached, seized, subjected to a writ or distress warrant, or is levied upon, or comes into the possession of any judicial officer.
Levy or Attachment. The service of a notice of levy and/or of a writ of attachment or execution, or other like process, against the assets of Applicant or any Guarantor.
Levy or Attachment. Any material portion of Client’s assets are attached, seized, subjected to a writ or distress warrant or is levied upon, or comes into the possession of any judicial officer or assignee;
Levy or Attachment. Levy upon, attachment, execution, or seizure with respect to any of ▇▇▇▇▇▇’s assets located at the Premises, or of ▇▇▇▇▇▇’s interest in this Lease, by any legal action, whether by Court order or judgment, or administrative action of any federal, state or local government, which action is not satisfied or negated within thirty days.