Common use of Uninsured Losses; Proceedings Against Assets Clause in Contracts

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of the Loan Parties’ or any of their Subsidiaries' assets in excess of Ten Million and 00/100 Dollars ($10,000,000.00) or any of the Loan Parties' or any of their Subsidiaries' assets are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty (60) days thereafter;

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

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Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any tangible assets or properties of the any Loan Party or any Subsidiary of a Loan Party in excess of $35,000,000, or any Loan Parties’ or any of their Subsidiaries' assets ’ assets, valued in excess of Ten Million and 00/100 Dollars ($10,000,000.00) or any of the Loan Parties' or any of their Subsidiaries' assets 35,000,000, are attached, seized, levied upon or subjected to a writ or distress warrant; or such come outcome within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty forty (6045) days thereafter;, in each case as would reasonably be expected to result in a Material Adverse Change; or

Appears in 1 contract

Samples: Credit Agreement (ICF International, Inc.)

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any the assets of the any Loan Parties’ Party or any of their Subsidiaries' assets its Subsidiaries in excess of Ten Million and 00/100 Dollars ($10,000,000.00) 2,500,000 or the assets of the Borrower or any of the Loan Parties' or any of their Subsidiaries' assets its Subsidiaries are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty (60) days thereafter;

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc /)

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any assets of the Loan Parties or any of their Subsidiaries in excess of $25,000,000, or any other of the Loan Parties’ or any of their Subsidiaries' assets in excess of Ten Million and 00/100 Dollars ($10,000,000.00) or any of the Loan Parties' or any of their Subsidiaries' assets 10,000,000 are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty thirty (6030) days thereafter;

Appears in 1 contract

Samples: Credit Agreement (Om Group Inc)

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of assets or properties of the Loan Parties’ Party or any Subsidiary of their Subsidiaries' assets a Loan Party in excess of Ten Million and 00/100 Dollars ($10,000,000.00) 7,500,000 or any of the Loan Parties' or any of their its Subsidiaries' assets with a fair market value of $7,500,000 or greater are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty thirty (6030) days thereafter;

Appears in 1 contract

Samples: Credit Agreement (EPAM Systems, Inc.)

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Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of the assets or properties of a Loan Party or any Subsidiary of a Loan Party that constitutes a Material Adverse Change, or any of the Loan Parties’ or any of their Subsidiaries' assets in excess with a fair market value of Ten Million and 00/100 Dollars ($10,000,000.00) 2,250,000 or any of the Loan Parties' or any of their Subsidiaries' assets greater are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty thirty (6030) days thereafter;

Appears in 1 contract

Samples: Credit Agreement (Park Electrochemical Corp)

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of assets or properties of the Loan Party or any Subsidiary of a Loan Party in excess of $5,000,000 or any of the Loan Parties’ or any of their Subsidiaries' assets in excess with a fair market value of Ten Million and 00/100 Dollars ($10,000,000.00) 5,000,000 or any of the Loan Parties' or any of their Subsidiaries' assets greater are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty thirty (6030) days thereafter;

Appears in 1 contract

Samples: Credit Agreement (EPAM Systems, Inc.)

Uninsured Losses; Proceedings Against Assets. There shall occur (i) any material uninsured damage to or loss, theft or destruction of any Loan Party’s property in excess of $15,000,000 or (ii) any of the Loan Parties’ or any of their Subsidiaries' assets assets, having a fair market value in excess of Ten Million and 00/100 Dollars ($10,000,000.00) or any of the Loan Parties' or any of their Subsidiaries' assets 10,000,000, are attached, seized, levied upon by, or subjected to a writ or distress warrant; warrant in favor of, or such come within the possession of of, any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within sixty (60) days thereafter;

Appears in 1 contract

Samples: Credit Agreement (Consol Energy Inc)

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