Common use of Levy of Execution or Distress Clause in Contracts

Levy of Execution or Distress. Any execution or distress is levied against or an encumbrance or other officer takes possession of the whole or any part of the property, undertaking or assets of the Borrower(s) or any encumbrance over the whole or any part of the property, undertaking or assets of the Borrower(s) becomes enforceable;

Levy of Execution or Distress. Any execution or distress is levied against or an encumbrance or other officer takes possession of the whole or any part of the property, undertaking or assets of the Borrower(s) or any encumbrance over the whole or any part of the property, undertaking or assets of the Borrower(s) becomes enforceableBorrowers;

Levy of Execution or Distress. Any execution or distress is levied against or an encumbrance or other officer takes possession of the whole or any part of the propertyProperty, undertaking or assets of the Borrower(sBorrower( s ) or any encumbrance over the whole or any part of the propertyProperty, undertaking or assets of the Borrower(s) becomes enforceable;

Levy of Execution or Distress. Any execution or distress is levied against or an encumbrance or other officer takes possession of the whole or any part of the propertyProperty, undertaking or assets of the Borrower(s) or any encumbrance over the whole or any part of the propertyProperty, undertaking or assets of the Borrower(s) becomes enforceable;