Execution or Distress. any execution (Zwangsvollstreckung) or distress (Beschlagnahme) is levied against, or an encumbrancer takes possession of the whole, or any material part of the assets of the Borrower or any event which under the laws of any jurisdiction has a similar effect is not discharged within thirty (30) days;
Appears in 8 contracts
Samples: Project Financing Facility Agreement, Project Financing Facility Agreement (Mercer International Inc.), Project Financing Agreement (Mercer International Inc.)
Execution or Distress. any Any execution (Zwangsvollstreckung) or distress (Beschlagnahme) (or any event which under the laws of any other jurisdiction that has a similar effect) is levied against, or an encumbrancer takes possession of the whole, or any material part part, of the assets of the Borrower or any event which under the laws of any jurisdiction has a similar effect is not discharged within thirty (30) days;.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Mercer International Inc.)
