Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000, and is not discharged within 30 days.

Appears in 5 contracts

Samples: Credit Facilities Agreement (Amec PLC), Credit Facilities Agreement (Amec PLC), Credit Facilities Agreement (Amec PLC)

AutoNDA by SimpleDocs

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000U.S.$10,000,000 (or its equivalent), and is not discharged within 30 days21 days or is being contested in good faith to the satisfaction of the Facility Agent acting reasonably.

Appears in 4 contracts

Samples: Term and Revolving Facilities Agreement (Smith & Nephew PLC), Facility Agreement (Smith & Nephew PLC), Loan Agreement (Smith & Nephew PLC)

Creditors’ process. Any attachment, sequestration, distress, distress or execution or analogous event affects any asset(s) assets of an Obligor or a member of the Group, Material Subsidiary having an aggregate value of at least £20,000,000, 1,000,000 (or its equivalent in other currencies) and is not discharged within 30 days.

Appears in 3 contracts

Samples: Revolving Credit Facility (Spirent PLC), Credit Agreement (Spirent PLC), Facility Agreement (Spirent PLC)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Groupan Obligor, having an aggregate value of at least £20,000,000the lower of €35,000,000 and US$50,000,000 or its equivalent, and is not discharged within 30 days.

Appears in 2 contracts

Samples: Credit Facility Agreement (PPG Industries Inc), Credit Facility (PPG Industries Inc)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Restricted Group, having an aggregate value of at least £20,000,000, (US$15,000,000) or its equivalent and is not discharged within 30 fourteen days.

Appears in 2 contracts

Samples: Facility Agreement (Global Ship Lease, Inc.), Credit Agreement (Global Ship Lease, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress, distress or execution or analogous event affects any asset(s) asset or assets of a member of the Group, Group having an aggregate value of at least £20,000,000, US$15,000,000 (or its equivalent) or more and is not discharged within 30 days.

Appears in 2 contracts

Samples: Senior Facility Agreement (Wanda Sports Group Co LTD), Senior Facility Agreement (Wanda Sports Group Co LTD)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Restricted Group, having an aggregate value of at least £20,000,000, and US$50,000,000 which is not discharged within 30 days.

Appears in 2 contracts

Samples: Facility Agreement (Baidu, Inc.), Credit Facility Agreement (Baidu, Inc.)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000$5,000,000, and is not discharged within 30 twenty-one (21) days.

Appears in 2 contracts

Samples: Loan Note Facility (Babylon Holdings LTD), Loan Agreement (Babylon Holdings LTD)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupBorrower or any Material Subsidiary, having an aggregate value of at least £20,000,000, USD50,000,000 or its equivalent and is not discharged within 30 days15 Business Days.

Appears in 2 contracts

Samples: Facility Agreement (SK Ecoplant Co., Ltd.), Facility Agreement (SK Ecoplant Co., Ltd.)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000U.S.$100,000, and is not discharged within 30 days.

Appears in 1 contract

Samples: Bridge Facility Agreement (Professional Staff PLC)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000€50,000,000, and is not discharged within 30 days.

Appears in 1 contract

Samples: Credit Facility (Vivendi Universal)

Creditors’ process. Any attachment, sequestration, distress, distress or execution or analogous event affects any asset(s) assets of a any member of the Group, Group having an aggregate value of at least £20,000,000USD500,000 (or its equivalent in other currencies), and is not discharged within 30 14 days.; or

Appears in 1 contract

Samples: Supplemental Agreement (Trader Com Nv)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000(pound)5,000,000, and is not discharged within 30 daysfourteen days or is being contested in good faith to the satisfaction of the Facility Agent acting reasonably.

Appears in 1 contract

Samples: Credit Facility Agreement (Oratec Interventions Inc)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event having an aggregate value of €200,000 or more or its equivalent affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000, Group and is not discharged within 30 days.

Appears in 1 contract

Samples: Credit Facility Agreement (Shurgard Storage Centers Inc)

AutoNDA by SimpleDocs

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of Material Group Member or the GroupCompany, having an aggregate value of at least £20,000,000(pound)5,000,000, and is not discharged within 30 forty five days.

Appears in 1 contract

Samples: Bridge Loan Agreement (Enodis PLC)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a an Obligor or any member of the Group, having an aggregate value of at least £20,000,000CZK 50,000,000 or its equivalent, and is not discharged within 30 14 days.

Appears in 1 contract

Samples: Credit Facilities Agreement

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000, SEK 100,000,000 and is not discharged within 30 days.

Appears in 1 contract

Samples: Credit Facility (Tele2 Ab)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Parent Group, having an aggregate value of at least £20,000,000€5,000,000, and is not discharged within 30 fourteen days.

Appears in 1 contract

Samples: Bridge Facility Agreement (Preem Holdings Ab Publ)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000, US$200,000 and is not discharged within 30 14 days or, in the case of a member of the Group incorporated in India, 90 days.

Appears in 1 contract

Samples: Credit Facility Agreement (Eros International PLC)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000SEK 5,000,000, and is not discharged within 30 sixty (60) days.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Metro International Sa)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having Group which has an aggregate value in excess of at least £20,000,000US$5,000,000, and is not discharged within 30 15 days.

Appears in 1 contract

Samples: Credit Facility Agreement (EnerSys)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000U.S.$250,000, or its equivalent, and is not discharged within 30 fourteen days.

Appears in 1 contract

Samples: Credit Agreement (Warp Technology Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!