Common use of Attachments; Judgments Clause in Contracts

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***], and such judgment remains unsatisfied, unvacated or unstayed for a period of twenty (20) days after the entry thereof, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Geron Corp), Loan and Security Agreement (Geron Corp), Loan and Security Agreement (Geron Corp)

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Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***], and such judgment remains unsatisfied, unvacated or unstayed for a period of twenty (20) days after the entry thereof$2,000,000, or Borrower is enjoined or in any way prevented by court order from conducting any material part developing or commercializing TRC101, and such court order has not been vacated or overturned within forty-five days of its businessthe effectiveness thereof; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Tricida, Inc.)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***]$1,000,000, and such judgment remains unsatisfied, unvacated or unstayed for a period of twenty fifteen (2015) days after the entry thereof, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 3 contracts

Samples: Loan and Security Agreement (Paratek Pharmaceuticals, Inc.), Loan and Security Agreement (Paratek Pharmaceuticals, Inc.), Loan and Security Agreement (Paratek Pharmaceuticals, Inc.)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***], and such judgment remains unsatisfied, unvacated or unstayed for a period of twenty thirty (2030) days after the entry thereof, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Viridian Therapeutics, Inc.\DE), Loan and Security Agreement (Viridian Therapeutics, Inc.\DE)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***]Two Hundred Thousand Dollars ($200,000.00), and such judgment remains unsatisfiedunstayed, unvacated or unstayed unbonded and unsatisfied for a period of twenty more than ten (2010) days after the entry thereofdays, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 1 contract

Samples: Loan and Security Agreement (Merrimack Pharmaceuticals Inc)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***], Five Hundred Thousand Dollars ($500,000) and such judgment remains unsatisfied, unvacated or unstayed for a period of twenty thirty (2030) days after the entry thereof, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 1 contract

Samples: Loan and Security Agreement (Finch Therapeutics Group, Inc.)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***], $750,000 and such judgment remains unsatisfied, unvacated or unstayed for a period of twenty forty-five (2045) days after the entry thereof, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 1 contract

Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc)

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Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***]$150,000, and such which judgment remains unsatisfied, unvacated or unstayed judgments is/are not discharged or effectively waived or stayed for a period of twenty thirty (2030) days after the entry thereofconsecutive days, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 1 contract

Samples: Loan and Security Agreement (Petros Pharmaceuticals, Inc.)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***]One Hundred and Fifty Thousand Dollars ($150,000), and such judgment remains unsatisfiedunstayed, unvacated or unstayed unbonded and unsatisfied for a period of twenty more than ten (2010) days after the entry thereofdays, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 1 contract

Samples: Loan and Security Agreement (Spring Bank Pharmaceuticals, Inc.)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money money, individually or in the aggregate, of at least $250,000 (not covered by independent third party insurance as to which liability has not been rejected accepted by such insurance carrier), individually which judgment or in the aggregate, of at least [***], and such judgment remains unsatisfied, unvacated judgments is/are not discharged or unstayed effectively waived or stayed for a period of twenty thirty (2030) days after the entry thereofconsecutive days, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 1 contract

Samples: Loan and Security Agreement (Celsion CORP)

Attachments; Judgments. Any material portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least [***]$250,000, and such attachment, seizure, levy or judgment remains unsatisfied, unvacated or unstayed for a period of twenty (20) days after the entry thereof, or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or

Appears in 1 contract

Samples: Loan and Security Agreement (Mattersight Corp)

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