Attachments, etc. If a writ or warrant of attachment, garnishment, execution, distraint or similar process has been issued against any Loan Party or any of its properties in an amount in excess of $200,000, which has remained undischarged and unstayed for a period of thirty (30) consecutive days or, if stayed, all of the conditions in Section 8.8 have not been satisfied.
Appears in 2 contracts
Samples: Loan and Security Agreement (Us Lec Corp), Loan and Security Agreement (Us Lec Corp)
Attachments, etc. If a writ or warrant of attachment, garnishment, execution, distraint or similar process has been issued against any Loan Party or any of its properties in an amount in excess of $200,0001,500,000, which has remained undischarged and unstayed for a period of thirty (30) consecutive days or, if stayed, all of the conditions in Section 8.8 Subsection 8.2(a)(vii) have not been satisfied.
Appears in 1 contract
Attachments, etc. If a writ or warrant of attachment, garnishment, execution, distraint or similar process has been issued against any Loan Party or any of its properties in an amount in excess of $200,000500,000, which has remained undischarged and unstayed for a period of thirty (30) consecutive days or, if stayed, all of the conditions in Section 8.8 8.2(a)(vii) have not been satisfied.
Appears in 1 contract
