Involuntary Liens. Any involuntary Lien in the sum of Fifty Thousand Dollars ($50,000) or more shall attach to any asset or property of the Borrower, any of its Subsidiaries or any Guarantor which is not discharged within sixty (60) days after such attachment or within thirty (30) days after notice from the Agent or any Lender, whichever first occurs; or
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Samples: Loan Agreement (Elandia International Inc.), Loan Agreement (Elandia, Inc.)
Involuntary Liens. Any involuntary Lien in the sum of Fifty Thousand Dollars ($50,000) 250,000 or more shall attach to any asset or property of the Borrower, any of its Subsidiaries or any Guarantor Borrower which is not discharged within sixty (60) 60 days after such attachment or within thirty (30) 30 days after notice from the Agent or any Lender, whichever first occurs; or
Appears in 2 contracts
Samples: Loan Agreement (Cascade Natural Gas Corp), Loan Agreement (Cascade Natural Gas Corp)
Involuntary Liens. Any involuntary Lien in the sum of Fifty One Hundred Thousand Dollars ($50,000100,000) or more shall attach to any asset or property of the Borrower, any of its Subsidiaries or any Guarantor Borrower which (i) is not discharged within sixty (60) days after such attachment or within thirty (30) days after notice from the Agent or any Lender, whichever first occurs; or, or (ii) constitutes an involuntary Lien for taxes not yet due.
Appears in 2 contracts
Samples: Loan Agreement (Cascade Corp), Loan Agreement (Cascade Corp)
Involuntary Liens. Any involuntary Lien in the sum of Fifty Thousand Dollars ($50,000) or more shall attach to any asset or property of the Borrower, any of its Subsidiaries or any Guarantor which is not discharged within sixty (60) days after such attachment or within thirty (30) days after notice from the Agent or any Lender, whichever first occurs; or
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