Involuntary Liens. Any involuntary Lien in the sum of One Hundred Thousand Dollars ($100,000) or more shall attach to any asset or property of the 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 (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 One Hundred Fifty Thousand Dollars ($100,00050,000) or more shall attach to any asset or property of the Borrower Borrower, any of its Subsidiaries or any Guarantor 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 (ii) constitutes an involuntary Lien for taxes not yet due.; or
Appears in 2 contracts
Samples: Loan Agreement (Elandia International Inc.), Loan Agreement (Elandia, Inc.)
Involuntary Liens. Any involuntary Lien in the sum of One Hundred Thousand Dollars ($100,000) 250,000 or more shall attach to any asset or property of the Borrower which (i) 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 (ii) constitutes an involuntary Lien for taxes not yet due.; 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 One Hundred Thousand Dollars ($100,000) 1,000,000 or more shall attach to any asset or property of the Borrower or any Guarantor which (i) 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 (ii) constitutes an involuntary Lien for taxes not yet due.; or
Appears in 1 contract
Samples: Revolving Credit Agreement (Fei Co)
Involuntary Liens. Any involuntary Lien in the sum of One Hundred Fifty Thousand Dollars ($100,00050,000) or more shall attach to any asset or property of the Borrower Borrower, any of its Subsidiaries 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 (ii) constitutes an involuntary Lien for taxes not yet due.; or
Appears in 1 contract
