Common use of Condemnation; Attachment Clause in Contracts

Condemnation; Attachment. (i) The condemnation, seizure or appropriation of, or occurrence of an uninsured casualty with respect to any material portion of the Property; or (ii) the sequestration or attachment of, or any levy or execution upon any of the Property, any other collateral provided by Borrower under any of the Loan Documents, or any substantial portion of the other assets of Borrower, which sequestration, attachment, levy or execution is not released, expunged or dismissed prior to the earlier of thirty (30) days or the sale of the assets affected thereby; or

Appears in 6 contracts

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Loan Agreement (Strategic Hotels & Resorts, Inc)

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Condemnation; Attachment. (i) The condemnation, seizure or appropriation of, or occurrence of an uninsured casualty with respect to to, any material portion of the Property; or (ii) the sequestration or attachment of, or any levy or execution upon any of the Property, any other collateral provided by Borrower under any of the Loan Documents, or any substantial portion of all or substantially all of the other assets of Borrower, which sequestration, attachment, levy or execution is not released, expunged or dismissed prior to the earlier of thirty sixty (3060) days or the sale of the assets affected thereby; or

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

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Condemnation; Attachment. (i) The condemnation, seizure or appropriation of, or occurrence of an uninsured casualty with respect to any material portion of the Property; or (ii) the sequestration or attachment of, or any levy or execution upon any of the Property, any other collateral provided by Borrower under any of the Loan Documents, or any substantial portion of the other assets of any Borrower, which sequestration, attachment, levy or execution is not released, expunged or dismissed prior to the earlier of thirty (30) days or the sale of the assets affected thereby; or

Appears in 1 contract

Samples: Loan Agreement (Hudson Pacific Properties, Inc.)

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