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 having an aggregate value of £250,000 and is not discharged within ten Business Days.

Appears in 3 contracts

Samples: Single Currency Interim Revolving Working Capital Support Facility Agreement, Single Currency Interim Capital Support Facility Agreement, Single Currency Interim Revenue Support Facility Agreement

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate or a Significant Subsidiary with a value in excess of £250,000 $10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within ten Business Days30 days.

Appears in 3 contracts

Samples: Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group having an aggregate value of £250,000 5,000,000 and is not discharged within ten Business Days21 days.

Appears in 2 contracts

Samples: Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD), £110,000,000 Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrower having an aggregate a value of £250,000 at least US$300,000 and is not discharged within ten Business Days21 days.

Appears in 2 contracts

Samples: Loan Agreement (NeoGames S.A.), Loan Agreement (NeoGames S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 US$10,000,000 and is not discharged within ten Business Daysone month.

Appears in 2 contracts

Samples: Loan Agreement (Rockwood Holdings, Inc.), Subscription Loan Agreement (Rockwood Holdings, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the any Borrower having an aggregate value of £250,000 $500,000 and is not discharged within ten Business Days15 days.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Tower Group International, Ltd.), Letter of Credit Facility Agreement (Tower Group International, 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 Borrower Group having an aggregate value of £250,000 1,000,000 or more and is not discharged within ten 10 Business Days.

Appears in 1 contract

Samples: Receivables Financing Agreement (Best Buy Co Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower and/or the Guarantor and/or any Owning Company having an aggregate value of £250,000 USD 500,000 and is not discharged within ten Business Daysthirty (30) days.

Appears in 1 contract

Samples: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower any Obligor having an aggregate value of £250,000 not less than $100,000 and is not discharged within ten Business Days.

Appears in 1 contract

Samples: Facility Agreement (Ivanhoe Energy Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate with a value in excess of £250,000 $10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within ten Business Days30 days.

Appears in 1 contract

Samples: Export Credit Agreement (Mobile Telesystems Ojsc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 and is not discharged within ten Business Daysdays.

Appears in 1 contract

Samples: Loan Facility Agreement

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 Borrower Group having an aggregate value of £250,000 500,000 and is not discharged within ten Business Days14 days of the commencement of such process.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Sunrise Senior Living Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous event affects any asset or assets of the Borrower Company or any of its Subsidiaries having an aggregate value of exceeding £250,000 500,000 and is not discharged within ten Business Days30 days.

Appears in 1 contract

Samples: Facility Agreement (TRM Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or Material Subsidiary having an aggregate value of £250,000 5,000,000 and is not discharged within ten 20 Business Days.

Appears in 1 contract

Samples: Facility Agreement

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or any of its Material Subsidiaries having an aggregate value of £250,000 $1,000,000 and is not discharged within ten 20 Business Days.

Appears in 1 contract

Samples: Term Facility Agreement (Cadence Design Systems Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the any Borrower having an aggregate value of £250,000 €1,000,000 and is not discharged within ten Business Days14 days.

Appears in 1 contract

Samples: Facility Agreement (Beyond Air, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group having an aggregate value of £250,000 50,000 and is not discharged within ten Business Days21 days.

Appears in 1 contract

Samples: Facility Agreement (Utah Medical Products Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (other than by way of enforcement of Security in respect of Clearing Business Borrowings) affects any asset or assets of the any Borrower or any Material Company having an aggregate value of £250,000 US$25,000,000 and is not discharged within ten 10 Business Days.

Appears in 1 contract

Samples: Facilities Agreement (Borse Dubai LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of more than £250,000 1,000,000 and is not discharged within ten 10 Business Days.

Appears in 1 contract

Samples: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 5% of Equity, and is not discharged within ten Business Days15 days.

Appears in 1 contract

Samples: Facility Agreement (TriLinc Global Impact Fund LLC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrower having an aggregate value of £250,000 100,000 (or its equivalent in other currencies) and is not discharged discharged, stayed or dismissed within ten Business Daysfourteen days.

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 members of the Borrower Group having an aggregate value of £250,000 500,000 and is not discharged within ten Business Days21 days.

Appears in 1 contract

Samples: Senior Facilities Agreement (Equinix Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Obligor or Material Company where the Borrower having an aggregate value of underlying such a claim exceeds £250,000 500,000 and is not discharged within ten Business Days21 days.

Appears in 1 contract

Samples: Multicurrency Revolving Facility Agreement (Markit Ltd.)

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