Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $2,000,000 or more, 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 $2,000,000, or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
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Samples: Loan and Security Agreement (HilleVax, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)
Attachments; Judgments. (a) Any material portion of any a Loan Party’s assets in aggregate value of $2,000,000 or more, is attached or seized, or a levy is filed against any such assets, or (b) 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 $2,000,0001,000,000, or any (c) a Loan Party is enjoined or in any way prevented by court order from conducting any a material part of its business; or
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Samples: Loan and Security Agreement (Spire Global, Inc.), Loan and Security Agreement (NavSight Holdings, Inc.)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $2,000,000 500,0001,500,000 or more, 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 $2,000,000500,0001,500,000, or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 1 contract
Samples: Loan and Security Agreement (Seres Therapeutics, Inc.)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $2,000,000 500,000 or more, 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 $2,000,000500,000, or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 1 contract
Samples: Loan and Security Agreement (Seres Therapeutics, Inc.)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $2,000,000 or more, 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 $2,000,000[***], or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 1 contract
Samples: Loan and Security Agreement (Madrigal Pharmaceuticals, Inc.)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $2,000,000 500,000 or more, 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 $2,000,000750,000, or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 1 contract
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $2,000,000 or more, 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 $2,000,000[**] and remains unstayed, unbonded and unsatisfied for more than ten (10) days, or any Loan Party 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 (Nabriva Therapeutics PLC)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $2,000,000 or more, 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 $2,000,0001,500,000, or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 1 contract
