Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Obligor or Material Subsidiary and is not discharged within 28 days.

Appears in 13 contracts

Samples: Debt Bridge Facility Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any an Obligor or any Material Subsidiary and is not discharged within 28 14 days.

Appears in 4 contracts

Samples: Revolving Credit Facility Agreement (Autoliv Inc), Facilities Agreement (Autoliv Inc), Bridge Facility Agreement (Autoliv Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any material asset or assets of the Borrower or any Obligor or Material Subsidiary of the Shareholder and is not discharged within 28 ten (10) days.

Appears in 1 contract

Samples: Facilities Agreement (Corporate Property Associates 17 - Global INC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset all or a material part of the assets of any Obligor or Material Subsidiary any member of the Borrower Group and is not discharged or stayed within 28 21 days.

Appears in 1 contract

Samples: Facility Agreement (Infiniti Solutions LTD)

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Obligor or Material Subsidiary a member of the Group and is not discharged within 28 21 days.

Appears in 1 contract

Samples: Secured Facilities Agreement (Solutia Inc)

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