Attachment of Assets Sample Clauses

Attachment of Assets. Any Person attaches or institutes proceedings to attach all or any part of the assets of Borrower or Holdings (which assets shall have a value in excess of $5,000,000), and any attachment or any judgment Lien against any such assets (i) remains unlifted, unstayed or undischarged for a period of sixty (60) days or (ii) is upheld in a final non-appealable judgment of a court of competent jurisdiction.

Attachment of Assets hereby agrees that: (i) upon the Lender giving to the Borrower written notice that the Lender is commencing or purporting to commence any court, judicial, arbitral, interim, preliminary, provisional, conservatory, enforcement or other proceedings referred to anywhere in this Clause 23, the Borrower shall not move any of its assets out of any jurisdiction specified by the Lender in such notice (unless the Lender in writing consents otherwise), (ii) immediately upon such notice being issued by the Lender, the Lender shall (without the need for any further action by any person) have an immediate lien, fixed charge and security interest in all assets of the Borrower in any jurisdiction specified by the Lender in such notice as security for all obligations and liabilities that the Lender is seeking to enforce or protect by, or in, such proceedings and for all other obligations of the Borrower under or in respect of the Finance Documents, and (iii) the Lender shall have the right to obtain attachment of all such aforementioned assets by way of interim, preliminary, conservatory and/or similar relief in, or for, any and all aforementioned proceedings; and

Attachment of Assets. Any Issuer Party shall fail to discharge within a period of thirty (30) days after the commencement thereof any attachment, sequestration, or similar proceeding against any of its assets or properties that have an aggregate fair market value of more than $50,000.00;