Common use of Levy or Attachment Clause in Contracts

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.

Appears in 1 contract

Sources: Credit Agreement (Wisekey International Holding S.A.)

Levy or Attachment. Any More than $250,000 of 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.

Appears in 1 contract

Sources: Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)