Levy; Attachment; Seizure Sample Clauses
The 'Levy; Attachment; Seizure' clause defines the rights and procedures related to the legal taking or holding of a party's property to satisfy a debt or judgment. In practice, this clause outlines what happens if a court or creditor attempts to levy, attach, or seize assets belonging to a party under the agreement, such as freezing bank accounts or placing liens on property. Its core function is to clarify the parties' obligations and protections in the event of such legal actions, thereby managing risk and ensuring all parties understand the consequences and processes involved if assets are subject to legal claims.
Levy; Attachment; Seizure. The levy, attachment or seizure pursuant to court order of (i) any right, title or interest of Borrower in and to the Borrower Collateral or any portion thereof or (ii) any Borrower Member Collateral, if such order is not vacated and the proceeding in which it was entered is not dismissed within 30 days of the entry of such order;
Levy; Attachment; Seizure. The levy, attachment or seizure pursuant to court order of (i) any right, title or interest of Borrower in and to all or any portion of the Property or (ii) any direct or indirect ownership interests in Borrower, if such order is not vacated and the proceeding in which it was entered is not dismissed within thirty (30) days of the entry of such order (or, if such order is an attachment order relating solely to the Told Dispute, such order is not vacated and the proceeding in which it was entered is not dismissed within one hundred eighty (180) days of the entry of such attachment order);
Levy; Attachment; Seizure. The levy, attachment or seizure pursuant to court order of (i) any right, title or interest of Borrower in and to the Mortgaged Property or any portion thereof (other than any non-material personal property), or (ii) any direct or indirect ownership