Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $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 $750,000, or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 2 contracts
Samples: Loan and Security Agreement (Gritstone Bio, Inc.), Loan and Security Agreement (Gritstone Bio, Inc.)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $500,000 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 $750,0002,000,000, or any Loan Party is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 2 contracts
Samples: Loan and Security Agreement (HilleVax, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $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 $750,0001,500,000, 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
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $500,000 2,000,000 or more, is attached or seized, or a levy is filed against any such assets, or a judgment fines, penalties or judgments is/judgements, orders or decrees 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 $750,0002,000,000, 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 (Arcus Biosciences, Inc.)
Attachments; Judgments. Any portion of any Loan Party’s assets in aggregate value of $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 $750,000500,000, 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 $500,000 500,0001,500,000 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 $750,000500,0001,500,000, 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.)