Common use of Attachment, Judgment, Tax Liens Clause in Contracts

Attachment, Judgment, Tax Liens. The issuance, filing, levy or seizure against the Collateral, or, with respect to the Resorts or the Obligations, against Borrower of one or more attachments, injunctions, executions, tax liens or judgments for the payment of money cumulatively in excess of $100,000.00, which is not discharged in full or stayed within thirty (30) days after issuance or filing.

Appears in 5 contracts

Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)

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Attachment, Judgment, Tax Liens. The issuance, filing, levy or seizure against the Collateral, or, with respect to the Resorts or the Obligations, against Borrower of one or more attachments, injunctions, executions, tax liens or judgments for the payment of money cumulatively in excess of $100,000.00, which is not discharged in full or stayed within before the earlier of (i) thirty (30) days after issuance or filingfiling or (ii) five (5) days prior to the date on which such property is subject to forfeiture by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Silverleaf Resorts Inc)

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