Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Note Party’s Inventory, Receivables or against a portion of any Note Party’s other property, such Lien, levy, assessment, injunction or attachment is not stayed or lifted within thirty (30) days, and the imposition or issuance thereof is reasonably likely to have a Material Adverse Effect;

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Note Loan Party’s Inventory, Receivables or against a portion of any Note Loan Party’s other property, such Lien, levy, assessment, injunction or attachment is not stayed or lifted within thirty (30) days, and the imposition or issuance thereof is reasonably likely to have a Material Adverse Effect;