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Common use of Attachments; Judgments Clause in Contracts

Attachments; Judgments. Any portion of Borrower’s assets having a value in excess of $350,000 is attached or seized, or a levy is filed against any such assets, or a judgment or judgments (not covered by insurance as to which an insurer not affiliated with Borrower has acknowledged coverage) is/are entered for the payment of money, individually or in the aggregate, of at least $350,000, and remains unstayed, unbonded and unsatisfied for more than 30 days, 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 (Concert Pharmaceuticals, Inc.), Loan and Security Agreement (Concert Pharmaceuticals, Inc.), Loan and Security Agreement (Merrimack Pharmaceuticals Inc)

Attachments; Judgments. Any portion of Borrower’s assets having a value in excess of an amount greater than $350,000 250,000 is attached or seized, or a levy is filed against any such assetsassets that is not removed, rescinded or dismissed within thirty (30) days, or a judgment or judgments (not covered by insurance as to which an insurer not affiliated with Borrower has acknowledged coverage) is/are entered for the payment of moneymoney (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 $350,000, and remains unstayed, unbonded and unsatisfied for more than 30 days250,000, 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 (Kaleido Biosciences, Inc.), Loan and Security Agreement (Kaleido Biosciences, Inc.), Loan and Security Agreement (Kaleido Biosciences, Inc.)

Attachments; Judgments. Any portion of any Borrower’s assets having a value in excess of $350,000 is attached or seized, or a levy is filed against any such assetsassets (having a fair market value in excess of $100,000), or a judgment or judgments (not covered by insurance as to which an insurer not affiliated with Borrower has acknowledged coverage) is/are entered for the payment of money, individually or in the aggregate, of at least $350,000, 300,000 for which such Borrower has not been reimbursed by or which is not within the coverage of its insurer (and remains unstayed, unbonded and unsatisfied for more than 30 daysas to which the insurer has not disclaimed coverage), or any 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 (INSMED Inc), Loan and Security Agreement (Insmed Inc)

Attachments; Judgments. Any portion of Borrower’s assets having a value in excess of an amount greater than $350,000 500,000 is attached or seized, or a levy is filed against any such assetsassets that is not removed, rescinded or dismissed within thirty (30) days, or a judgment or judgments (not covered by insurance as to which an insurer not affiliated with Borrower has acknowledged coverage) is/are entered for the payment of moneymoney (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 $350,000, and remains unstayed, unbonded and unsatisfied for more than 30 days500,000, 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 (Codiak BioSciences, Inc.), Loan and Security Agreement (Codiak BioSciences, Inc.)

Attachments; Judgments. Any portion of Borrower’s assets having a value in excess of $350,000 250,000 is attached or seized, or a levy is filed against any such assets, or a judgment or judgments (not covered by insurance as to which an insurer not affiliated with Borrower liability has acknowledged coveragebeen accepted by such insurance carrier) is/are entered for the payment of money, individually or in the aggregate, of at least $350,000, 250,000 and remains unstayed, unbonded and unsatisfied for more than 30 ten (10) 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 (Cerulean Pharma Inc.)

Attachments; Judgments. Any portion of Borrower’s assets having a value in excess of $350,000 is attached or seized, or a levy is filed against any such assets, or a final judgment or judgments (not covered by insurance as to which an insurer not affiliated with Borrower has acknowledged coverage) is/are entered for the payment of moneymoney (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 $350,000750,000 (and such attachment, and remains unstayedseizure, unbonded and unsatisfied for more than 30 levy or judgment is not stayed or vacated by Borrower within 45 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 (Fuelcell Energy Inc)

Attachments; Judgments. Any portion of Borrower’s Borrowers’ assets having a value valued in excess of $350,000 250,000 is attached or seized, or a levy is filed against any such assetsassets that is not removed, rescinded or dismissed within thirty (30) days, or a judgment or judgments (not covered by insurance as to which an insurer not affiliated with Borrower has acknowledged coverage) is/are entered for the payment of moneymoney (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 $350,000, and remains unstayed, unbonded and unsatisfied for more than 30 days250,000, or any 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 (Proteostasis Therapeutics, Inc.)