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
Samples: Account Pledge Agreement, Letter Of (Mercer International Inc.), 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
Samples: Credit Facility Agreement (Mercer International Inc.)
