Common use of Seizure of Assets Clause in Contracts

Seizure of Assets. All or any part of the property of Borrower is nationalized, expropriated or condemned, seized or otherwise appropriated, or custody or control of such property or of Borrower shall be assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental Authority, except where contested in good faith by proper proceedings diligently pursued where a stay of enforcement is in effect.

Seizure of Assets. All or any a material part of the property of any Borrower is nationalized, expropriated or condemnedexpropriated, seized or otherwise appropriated, or custody or control of such property or of any Borrower shall be assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental Authority, except where unless the same is being contested in good faith by proper proceedings diligently pursued where and a stay of enforcement is in effect.

Seizure of Assets. All or any part of the property of Borrower is nationalized, expropriated or condemned, seized or otherwise appropriated, or custody or control of such property or of Borrower shall be is assumed by any Governmental Authority or any court of competent jurisdiction at the instance of any Governmental Authority, except where contested in good faith by proper proceedings diligently pursued where and such action has a stay of enforcement is in effectMaterial Adverse Effect.

Seizure of Assets. All or any a substantial part of the property of Borrower is nationalized, expropriated or condemned, seized or otherwise appropriated, or custody or control of such property or of Borrower shall be assumed by any Governmental Authority governmental authority or any court of competent jurisdiction at the instance of any Governmental Authoritygovernmental authority, except where contested in good faith by proper proceedings diligently pursued where a stay of enforcement is in effect.