Common use of Settlement or Stay of Execution Clause in Contracts

Settlement or Stay of Execution. Each of the Borrowers will effect, and will cause each of the Material Subsidiaries to effect, a timely and provident settlement of or bring an application to stay any writ of execution, attachment or similar process issued or levied against all, or a substantial portion of, its property in connection with any judgment against it.

Appears in 4 contracts

Samples: Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/), Postponement Agreement (Pope & Talbot Inc /De/)

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Settlement or Stay of Execution. Each of the Borrowers Such Borrower will effect, and will cause each of the its Material Subsidiaries to effect, a timely and provident settlement of or bring an application to stay any writ of execution, attachment or similar process issued or levied against all, or a substantial portion of, its property in connection with any judgment against it.

Appears in 2 contracts

Samples: Credit Agreement (West Fraser Timber Co., LTD), Credit Agreement (West Fraser Timber Co., LTD)

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