Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 or against a material portion of any Borrower’s other property;

Appears in 4 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)

AutoNDA by SimpleDocs

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 or against a material portion of any Borrower’s other property;

Appears in 1 contract

Samples: Credit and Security Agreement (Horizon Offshore Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 500,0002,500,000 or against a material portion of any Borrower’s other property;

Appears in 1 contract

Samples: Credit and Security Agreement (ARKO Corp.)

AutoNDA by SimpleDocs

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment involving $10,000 or more against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 or against a material portion of any Borrower’s other property;

Appears in 1 contract

Samples: Security Agreement (Sparton Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!