Common use of Seizures Clause in Contracts

Seizures. Any (a) portion of the Collateral (excluding books and records of Borrowers) having a value in excess of $2,000,000 (individually or in the aggregate) shall be seized, subject to garnishment or taken by a Governmental Body, or any Loan Party, or (b) the title and rights of any Loan Party with respect to Collateral having a value in excess of $2,000,000 (individually or in the aggregate) shall have become the subject matter of claim, litigation, suit, garnishment or other proceeding which might, in the opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;

Seizures. Any (a) portion of the Collateral (excluding books and records of Borrowers) having a value valued in excess of $2,000,000 (individually or in the aggregate) 5,000,000 shall be seized, subject to garnishment or taken by a Governmental Body, or any Loan PartyParty or any of its Subsidiaries, or (b) the title and rights of any Loan Party with respect to of any of its Subsidiaries which is the owner of any material portion of the Collateral having a value valued in excess of $2,000,000 (individually or in the aggregate) 10,000,000 shall have become the subject matter of claim, litigation, suit, garnishment or other proceeding which might, in the opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;