Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same.

Appears in 2 contracts

Samples: Term Facility Agreement (Grindrod Shipping Holdings Ltd.), Term Facility Agreement (Grindrod Shipping Holdings Ltd.)

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group having with respect to any member of the Group, an aggregate value of $250,000 or more and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the sameseven days.

Appears in 2 contracts

Samples: Facility Agreement (Ener1 Inc), Facility Agreement (Ener1 Inc)

Creditors’ process. Any any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of $15,000,000 and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same30 days.

Appears in 2 contracts

Samples: Credit Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group valued in excess of €20,000,000 and is not discharged or countered in good faith within ten (10) five Business Days after the Borrower became aware of the sameDays.

Appears in 1 contract

Samples: Facility Agreement (Mobifon Holdings Bv)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of €15,000,000 and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same45 days.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Titan International Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in excess of US$300,000 any jurisdiction) affects any asset or assets of of: (a) the Borrowers; or (b) a member of the Group (other than the Borrowers), having an aggregate value of $5,000,000 (in relation to such individual member of the Group, ) and which is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware 14 days of the samedate it occurs.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Castor Maritime Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets (other than any assets which are part of a Non-Recourse Transaction) of a member of the Group, Group having an aggregate value of at least EUR10,000,000 and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the samethirty days.

Appears in 1 contract

Samples: Facility Agreement (VTTI Energy Partners LP)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of $5,000,000 and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same14 days.

Appears in 1 contract

Samples: Facility Agreement (Westway Group, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of $500,000 or more and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same30 days.

Appears in 1 contract

Samples: Facility Agreement (Diana Containerships Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a any member of the GroupGroup unless (i) such expropriation, attachment, sequestration, distress or execution is discharged within fourteen (14) days and is not discharged (ii) the aggregate value of any and all assets of any or countered in good faith within ten (10) Business Days after the Borrower became aware all members of the sameGroup that are subject to any or all events of expropriation, attachment, sequestration, distress and/or execution does not exceed US$5,000,000 (or its equivalent in any other currency or currencies).

Appears in 1 contract

Samples: Facility Agreement (China Mengniu Dairy Co LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of US$20,000,000 and is not discharged or countered in good faith stayed within ten (10) Business Days after the Borrower became aware of the same30 days.

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of USD 250,000 and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same14 days.

Appears in 1 contract

Samples: Senior Reserve Base Lending Facility Agreement (Fx Energy Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of US$250,000 and is not discharged or countered in good faith within ten fourteen (1014) Business Days after the Borrower became aware of the samedays.

Appears in 1 contract

Samples: Senior Reserve Base Lending Facility Agreement (Fx Energy Inc)

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Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value greater than £5,000,000 and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same21 days.

Appears in 1 contract

Samples: Backstop Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a any Obligor or any other member of the Group, Group that is a party to any Finance Document having an aggregate value of $250,000 and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same14 days.

Appears in 1 contract

Samples: Senior Facility Agreement (Fx Energy Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, having an aggregate value of more than £2,000,000 or its equivalent in another currency or currencies, and is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same21 days.

Appears in 1 contract

Samples: Term Loan Facilities Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group, Group having an aggregate value of EUR 250,000 or more (or any event occurs which under the laws of any jurisdiction has a similar or analogous effect) and the same is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same14 days.

Appears in 1 contract

Samples: Multipurpose Facilities Agreement (SunOpta Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress distress, execution or execution in excess of US$300,000 other legal process affects any asset or assets of a any member of the Group, Group having an aggregate value of U.S.$1,000,000 and is not discharged or countered in good faith within ten (10) 15 Business Days after the Borrower became aware of the sameDays.

Appears in 1 contract

Samples: Facility Agreement (Far East Energy Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of an Obligor or a member Material Subsidiary of the Group, Group having an aggregate value of £10,000,000 and which is not discharged or countered in good faith within ten (10) Business Days after the Borrower became aware of the same30 days.

Appears in 1 contract

Samples: Facilities Agreement (Analex Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of an Obligor or a member of the Group, Group having an aggregate value of EUR 5,000,000 and is not discharged or countered in good faith within ten 10 (10ten) Business Days after the Borrower became aware of the sameDays.

Appears in 1 contract

Samples: Credit Facilities Agreement (Wanda Sports Group Co LTD)

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