Common use of Attachments; Judgments Clause in Contracts

Attachments; Judgments. Any portion of Borrower’s assets in an amount greater than $250,000 is attached or seized, or a levy is filed against any such assets that is not removed, rescinded or dismissed within thirty (30) days, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as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, or Borrower is enjoined or in any way prevented by court order from conducting any 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.)

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Attachments; Judgments. Any portion of Borrower’s assets in an amount greater than $250,000 500,000 is attached or seized, or a levy is filed against any such assets that is not removed, rescinded or dismissed within thirty (30) days, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as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 $250,000500,000, or Borrower is enjoined or in any way prevented by court order from conducting any 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 Borrowers’ assets valued in an amount greater than excess of $250,000 is attached or seized, or a levy is filed against any such assets that is not removed, rescinded or dismissed within thirty (30) days, or a judgment or judgments is/are entered for the payment of money (not covered by independent third party insurance as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, or any Borrower 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 (Proteostasis Therapeutics, Inc.)

Attachments; Judgments. Any portion of Borrower’s assets in an amount greater than $250,000 is attached or seized, or a levy is filed against any such assets that is not removed, rescinded or dismissed within thirty (30) daysassets, or a final 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 $250,000750,000 (and such attachment, seizure, 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)

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Attachments; Judgments. Any portion of Borrower’s assets in an amount greater than $250,000 is attached or seized, or a levy is filed against any such assets that is not removed, rescinded or dismissed within thirty (30) daysassets, 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 $250,000250,000 and remains unstayed, unbonded and unsatisfied for more than 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 (Stealth BioTherapeutics Corp)

Attachments; Judgments. Any portion of Borrower’s assets in an amount greater than $250,000 is attached or seized, or a levy is filed against any such assets that is not removed, rescinded or dismissed within thirty (30) daysassets, 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, in excess of at least $250,0002,000,000 which remains unsatisfied, unvacated or unstayed for a period of 30 days after entry, 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 (Tarsus Pharmaceuticals, Inc.)

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