Common use of Issuance of Execution Clause in Contracts

Issuance of Execution. A writ, execution or attachment or similar process is issued or levied against all or any material portion of the property of either of the Borrowers or any of their Material Subsidiaries in connection with any judgment against such Borrower or Material Subsidiary, and such writ, execution, attachment or similar process is not released, bonded, satisfied, discharged, vacated or stayed within 30 days after its entry, commencement or levy;

Issuance of Execution. A writ, execution or attachment or similar process is issued or levied against all or any material portion of the property of either of the Borrowers or any of their the Material Subsidiaries in connection with any judgment against such Borrower or Material Subsidiary, and such writ, execution, attachment or similar process is not released, bonded, satisfied, discharged, vacated or stayed within 30 days after its entry, commencement or levy;