Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of a notice of Lien (other than Permitted Encumbrances), levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or Receivables in an amount in excess of $1,500,000 or (b) against a material portion of any Borrower’s Collateral, in each case which is not stayed or lifted within sixty (60) days;

Judicial Actions. Issuance of a notice of Lien (other than Permitted Encumbrances)Lien, levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or Guarantor’s Inventory, Receivables or Credit Card Receivables in an amount in excess of $1,500,000 5,000,000, individually or in the aggregate, or (b) against a material portion of any Borrower’s Collateral, in each case or Guarantor’s other property which is not stayed or lifted within sixty (60) days;