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

Uninsured Losses; Proceedings Against Assets. The assets of the Borrower or the assets of any Subsidiary of the Borrower 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 thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);

Appears in 7 contracts

Samples: Continuing Covenant Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Uninsured Losses; Proceedings Against Assets. The assets Any of the Borrower Borrowers’ or the any of their Subsidiaries’ assets of any Subsidiary of the Borrower 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 thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts)thereafter;

Appears in 2 contracts

Samples: Credit Agreement (Cincinnati Financial Corp), Credit Agreement (Cincinnati Financial Corp)

Uninsured Losses; Proceedings Against Assets. The Any assets of the Borrower or the assets of any Subsidiary of the Borrower 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 thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts)thereafter;

Appears in 2 contracts

Samples: Revolving Credit Agreement (Champion Industries Inc), Term Loan Credit Agreement (Champion Industries Inc)

Uninsured Losses; Proceedings Against Assets. The assets of the Borrower or the assets of any Subsidiary of the Borrower 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 thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (New Jersey Resources Corp)

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Uninsured Losses; Proceedings Against Assets. The assets Any of the Borrower Borrowers’ or the any of their Subsidiaries’ assets of any Subsidiary of the Borrower 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 thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);thereafter; 8.

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

Uninsured Losses; Proceedings Against Assets. The assets of the Borrower or the assets of any Subsidiary of the Borrower 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 thirty (30) PRNI 645261v4 days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

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