Common use of Attachment or distress Clause in Contracts

Attachment or distress. a creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any of the assets of any Group Company (having a value of at least US$500,000) and such process is not discharged within 21 days; or

Appears in 2 contracts

Samples: Credit Agreement (Inverness Medical Innovations Inc), Mezzanine Loan Agreement (Inverness Medical Innovations Inc)

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Attachment or distress. a creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any of the assets of any Group Company (having a value of at least US$500,000(pound)5,000) and such process is not discharged within 21 14 days; or

Appears in 1 contract

Samples: Credit Agreement (Cott Corp /Cn/)

Attachment or distress. a A creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any against a Substantial Portion of the assets of any the Group Company (having a value of at least US$500,000) and such process is not discharged within 21 28 days; or.

Appears in 1 contract

Samples: Credit Agreement (Aon Corp)

Attachment or distress. a creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any of the assets of any Group Company (having a value of at least US$500,000(Pounds)5,000) and such process is not discharged within 21 days; or

Appears in 1 contract

Samples: Invoice Discounting Agreement (Pei Holdings Inc)

Attachment or distress. a creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any of the assets of any Group Company (having a value of at least US$500,000Euro 1,000,000) and such process is not discharged within 21 days; or

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Dynea International Oy /)

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Attachment or distress. a creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any of the assets of any Group Company (having a value of at least US$500,000(Pounds)25,000) and such process is not discharged within 21 days; or10 Business Days;

Appears in 1 contract

Samples: Loan and Security Agreement (Harvard Bioscience Inc)

Attachment or distress. a creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any of the assets of any Group Company (the Borrower or the Xxxxxxxxx Shareholder having a value of at least US$500,000) $1 million, and such process is not discharged within 21 14 days; or

Appears in 1 contract

Samples: Loan Facility Agreement (Gallagher Holdings LTD)

Attachment or distress. a creditor or encumbrancer attaches or takes possession of, or a distress, execution, sequestration or other process is levied or enforced upon or sued out against, any of the assets of any Group Company (having a value of at least US$500,000) and such process is not discharged within 21 14 days; or

Appears in 1 contract

Samples: Credit Agreement (European Micro Holdings Inc)

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