Common use of Seizure, etc Clause in Contracts

Seizure, etc. If a seizure or attachment is made of, or enforcement made against, any undertaking or other Assets of any Obligor (other than in respect of a Security Interest contemplated in Section 16.1.10) which Assets in the aggregate have a net book value in excess of US$50,000,000, provided that such seizure, enforcement or taking of possession or control continues in effect and remains undischarged for a period of twenty (20) days or unless the validity thereof is being contested diligently and in good faith by or on behalf of the relevant Obligor; or

Seizure, etc. If a seizure or attachment is made of, or enforcement made against, any undertaking or other Assets of any Obligor (other than in respect of a Security Interest contemplated in Section 16.1.1015.1.10) which Assets in the aggregate have a net book value in excess of US$50,000,000C$25,000,000, provided that such seizure, enforcement or taking of possession or control continues in effect and remains undischarged for a period of twenty (20) days or unless the validity thereof is being contested diligently and in good faith by or on behalf of the relevant Obligor; or

Seizure, etc. If if a seizure or attachment is made of, or enforcement made against, any movable undertaking or other Assets of any Obligor (other than in respect of a Security Interest contemplated in Section 16.1.10) which Assets in the aggregate have a net book value in excess of US$50,000,000the Default Threshold, provided that such seizure, enforcement or taking of possession or control continues in effect and remains undischarged for a period of twenty forty-five (2045) days or unless the validity thereof is being contested diligently and in good faith by or on behalf of the relevant Obligor; or