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 Breaching Party 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.

Appears in 3 contracts

Samples: Securities Exchange Agreement (Comstock Mining Inc.), Note Purchase Agreement (Comstock Mining Inc.), Securities Exchange Agreement (Comstock Mining Inc.)

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Divestiture of Assets. If any order, judgment, or decree shall be entered in any proceeding requiring Breaching Party 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: Membership Interest Purchase Agreement (Comstock Mining Inc.)

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