Common use of Attachment Clause in Contracts

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 8 contracts

Samples: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)

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Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Parent, the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 50,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 7 contracts

Samples: Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of the Borrower, any Loan Party Subsidiary or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 25,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 6 contracts

Samples: Credit Agreement (Federal Realty Investment Trust), Credit Agreement (Federal Realty Investment Trust), Credit Agreement (Federal Realty Investment Trust)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Parent, the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 6 contracts

Samples: Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party NSA REIT or any other Subsidiary, of its Subsidiaries which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 in amount 5,000,000, and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 consecutive days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 6 contracts

Samples: Credit Agreement (National Storage Affiliates Trust), Credit Agreement (National Storage Affiliates Trust), Credit Agreement (National Storage Affiliates Trust)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of the Borrower, any Loan Party Subsidiary or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 10,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 6 contracts

Samples: Credit Agreement (United Dominion Realty Trust Inc), Term Loan Agreement (HRPT Properties Trust), Credit Agreement (UDR, Inc.)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 10,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of the Borrower or any Loan PartySubsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 5,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of the Borrower or any Loan PartySubsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Term Loan Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of the Borrower, any Loan Party Subsidiary or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 100,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 3 contracts

Samples: Credit Agreement (NNN Reit, Inc.), Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party Borrower or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 1,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded off for a period of 30 twenty (20) days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan PartyBorrower or any Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.)

Attachment. A warrant, writ of attachment, execution or similar ---------- process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 5,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (Federal Realty Investment Trust), Term Loan Agreement (Federal Realty Investment Trust)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party a Borrower or any other Subsidiary, Subsidiary which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 5,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Managing Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of such Borrower or any Loan Partyof its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party or any other Subsidiary, of its Subsidiaries which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 in amount 1,000,000, and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (HC Government Realty Trust, Inc.), Credit Agreement (HC Government Realty Trust, Inc.)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 10,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 60 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of the Borrower or any Loan PartySubsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Parent, the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 20,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 2 contracts

Samples: Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Credit Agreement (Piedmont Office Realty Trust, Inc.)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of Borrower, any Loan Party Subsidiary or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 2,500,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent Lender pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit and Security Agreement (Five Star Quality Care Inc)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other SubsidiaryLoan Party, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 20,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of the Borrower or any other Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 1,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (First Franklin Financial Corp)

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Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 500,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent Requisite Lenders pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Physicians Specialty Corp)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 5,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 thirty (30) days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Mgi Properties)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party or any other Subsidiary, of its Subsidiaries which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 in amount 1,500,000, and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent Required Lenders pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan PartyObligations.

Appears in 1 contract

Samples: Loan Agreement (HC Government Realty Trust, Inc.)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, Continuing Subsidiary which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 1,500,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent Lender pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Miller Industries Inc /Tn/)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 15,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 60 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of the Borrower or any Loan PartySubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Realty Income Corp)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of the Borrower, any Loan Party Subsidiary or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 2,500,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent Lender pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit and Security Agreement (Five Star Quality Care Inc)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 20,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of the Borrower, any Loan Party Subsidiary or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 10,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 60 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Commercial Net Lease Realty Inc)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party or any other Subsidiary, which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 50,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (DiamondRock Hospitality Co)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 250,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent Lender pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Physicians Specialty Corp)

Attachment. A warrant, writ of attachment, execution or similar process shall be issued against any property of any Loan Party the Borrower or any other Subsidiary, Loan Party which exceeds, individually or together with all other such warrants, writs, executions and processes, $30,000,000 5,000,000 in amount and such warrant, writ, execution or process shall not be paid, discharged, vacated, stayed or bonded for a period of 30 days; provided, however, that if a bond has been issued in favor of the claimant or other Person obtaining such warrant, writ, execution or process, the issuer of such bond shall execute a waiver or subordination agreement in form and substance satisfactory to the Administrative Agent pursuant to which the issuer of such bond subordinates its right of reimbursement, contribution or subrogation to the Obligations and waives or subordinates any Lien it may have on the assets of any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (First Washington Realty Trust Inc)

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