Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower.

Appears in 6 contracts

Samples: Loan Agreement, Facility Agreement (Nbty Inc), Facility Agreement (Morgans Hotel Group Co.)

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of the Borroweran Obligor.

Appears in 6 contracts

Samples: Loan Agreement (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the BorrowerGroup.

Appears in 5 contracts

Samples: Facility Agreement (Daqo New Energy Corp.), Facility Agreement (McGraw-Hill Global Education Intermediate Holdings, LLC), Facility Agreement (Huang Julia)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of an Obligor or member of the BorrowerGroup, or any analogous procedure or step is taken in any jurisdiction.

Appears in 5 contracts

Samples: Bareboat Charter (DryShips Inc.), Bareboat Charter (DryShips Inc.), Bareboat Charter (DryShips Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of a member of the BorrowerGroup.

Appears in 4 contracts

Samples: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Dorian LPG Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of a Transaction Obligor or any a member of the BorrowerGroup.

Appears in 4 contracts

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any of the BorrowerObligors.

Appears in 4 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement (Hemen Holding LTD), Memorandum of Agreement (Hemen Holding LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrowerany Obligor or any Material Subsidiary having a Material Adverse Effect.

Appears in 3 contracts

Samples: Multicurrency Revolving Credit and Guarantee Facility Agreement (Subsea 7 S.A.), Multicurrency Guarantee Facility Agreement (Acergy S.A.), Multicurrency Revolving Credit and Guarantee Facility Agreement (Acergy S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borroweran Obligor or Shareholder.

Appears in 2 contracts

Samples: Facility Agreement (Hines Global REIT, Inc.), Facility Agreement (Hines Global REIT, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the BorrowerObligors.

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Flex LNG Ltd.), Revolving Credit Facility Agreement (Flex LNG Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Obligor or any member of the BorrowerGroup.

Appears in 2 contracts

Samples: Facility Agreement (Pacific Alliance Group LTD), Facility Agreement (Sun Wise (UK) Co., LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets Material Assets of the Borrowerany Obligor.

Appears in 1 contract

Samples: Facility Agreement (Sigma Aldrich Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligor (other than an arrest or detention of the BorrowerShip referred to in Clause 7.4 (Mandatory prepayment on sale or Total Loss)).

Appears in 1 contract

Samples: Facility Agreement (Euroseas Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrowera Transaction Obligor.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the any Security Provider or Borrower.

Appears in 1 contract

Samples: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borroweran Obligor.

Appears in 1 contract

Samples: Facility Agreement (Opto Circuits (India) LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset of the Borrower’s assets or assets of the Borrowerits Subsidiaries.

Appears in 1 contract

Samples: Term Facility Agreement (Grupo Financiero Galicia Sa)

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or material amount of assets of the BorrowerApplicant or any Guarantor.

Appears in 1 contract

Samples: Standby Letter of Credit Agreement (Proassurance Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Subsidiary of the Borrower.

Appears in 1 contract

Samples: Facility Agreement (Xunlei LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the BorrowerGroup.

Appears in 1 contract

Samples: Term Facility Agreement (Corgi International LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution the Borrower or the Collateral Provider or any analogous process in any jurisdiction affects any asset or assets of the BorrowerBorrower or the Collateral Provider which has or is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Multicurrency Letter of Credit Facility Agreement (Flagstone Reinsurance Holdings, S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrowerany Obligor.

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Endeavour International Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets Asset of the Borrower.

Appears in 1 contract

Samples: Loan Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset Charged Asset or assets Charged Assets of the Borrower.

Appears in 1 contract

Samples: Facility Agreement (Micron Technology Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any material asset or assets of any member of the BorrowerGroup.

Appears in 1 contract

Samples: Term Loan Facility (Star Bulk Carriers Corp.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrower.

Appears in 1 contract

Samples: Facility Agreement (Cordlife Group LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Post-Cyan Obligor or the BorrowerCompany Shareholder.

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Endeavour International Corp)

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