Common use of Divestiture of Assets Clause in Contracts

Divestiture of Assets. If any order, judgment, or decree shall be entered in any proceeding requiring a Grantor to divest itself of any material part of its assets, and if, within forty-five (45) days after entry thereof (unless or until enforcement is sooner commenced), such order, judgment or decree shall not have been discharged or execution thereof stayed pending appeal; or if, within ten (10) days after the expiration of any such stay (unless or until enforcement is sooner commenced), such judgment, order or decree shall not have been discharged; or

Appears in 9 contracts

Samples: Security Agreement (Bitzio, Inc.), Security Agreement (Premier Beverage Group Corp), Security Agreement (Us Fuel Corp)

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Divestiture of Assets. If any order, judgment, or decree shall be entered in any proceeding requiring a Grantor Buyer to divest itself of any material part of its assets, and if, within forty-five (45) days after entry thereof (unless or until enforcement is sooner commenced), such order, judgment or decree shall not have been discharged or execution thereof stayed pending appeal; , or if, within ten (10) days after the expiration of any such stay (unless or until enforcement is sooner commenced), such judgment, order or decree shall not have been discharged; or,

Appears in 4 contracts

Samples: Asset Purchase Agreement (Comstock Mining Inc.), Membership Interest Purchase Agreement, Stock Purchase Agreement (Attis Industries Inc.)

Divestiture of Assets. If any order, judgment, or decree shall be entered in any proceeding requiring a Grantor the Borrower or any Guarantor to divest itself of any material part of its assets, and if, within forty-five (45) days after entry thereof (unless or until enforcement is sooner commenced), such order, judgment or decree shall not have been discharged or execution thereof stayed pending appeal; or if, within ten (10) days after the expiration of any such stay (unless or until enforcement is sooner commenced), such judgment, order or decree shall not have been discharged; or

Appears in 3 contracts

Samples: Credit Agreement (Ecosystem Corp), Credit Agreement (GS Cleantech Corp), Credit Agreement (GS Energy CORP)

Divestiture of Assets. If any order, judgment, or decree shall be entered in any proceeding requiring a Grantor Buyer or Seller to divest itself of any material part of its assets, and if, within forty-five (45) days after entry thereof (unless or until enforcement is sooner commenced), such order, judgment or decree shall not have been discharged or execution thereof stayed pending appeal; , or if, within ten (10) days after the expiration of any such stay (unless or until enforcement is sooner commenced), such judgment, order or decree shall not have been discharged; or,

Appears in 1 contract

Samples: Securities Purchase Agreement (Attis Industries Inc.)

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Divestiture of Assets. If any order, judgment, or decree shall be entered in any proceeding requiring a Grantor the Borrower or any Primary Guarantor to divest itself of any material a substantial part of its assets, and if, within forty-five sixty (4560) days after entry thereof (unless or until enforcement is sooner commenced), such order, judgment or decree shall not have been discharged or execution thereof stayed pending appeal; or if, within ten forty five (1045) days after the expiration of any such stay (unless or until enforcement is sooner commenced), such judgment, order or decree shall not have been discharged; or

Appears in 1 contract

Samples: Credit Agreement (Gs Agrifuels Corp)

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