Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of $15,000,000 or the Collateral or any other 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 or control of any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator or assignee for the benefit of creditors and the same is not cured within forty-five (45) days thereafter.
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Samples: Credit Agreement (Foster L B Co), Credit Agreement (Foster L B Co), Credit Agreement (Foster L B Co)
Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of $15,000,000 2,000,000 (unless covered by self-insurance approved by the Administrative Agent), or the Collateral or any other 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 or control of any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator custodian or assignee for the benefit of creditors and the same is not cured within forty-five thirty (4530) days thereafter.;
Appears in 2 contracts
Samples: Credit Agreement (Sun Hydraulics Corp), Credit Agreement (Sun Hydraulics Corp)
Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of the assets of any of the Collateral Borrower in excess of $15,000,000 or the Collateral any such property or any other of the Loan Parties' or any of their Subsidiaries' (other than Excluded Subsidiaries) assets are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession or control of any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator custodian or assignee for the benefit of creditors and the same is not cured within forty-five (45) days thereafter.;
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Finish Line Inc /In/), Credit Agreement (Finish Line Inc /In/)
Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of $15,000,000 7,500,000 (unless covered by self-insurance approved by the Administrative Agent), or the Collateral or any other 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 or control of any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator custodian or assignee for the benefit of creditors and the same is not cured within forty-five thirty (4530) days thereafter.;
Appears in 2 contracts
Samples: Credit Agreement (Helios Technologies, Inc.), Credit Agreement (Helios Technologies, Inc.)
Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of FiveTwo Million and 00/100 Dollars ($15,000,000 5,000,000.002,000,000.00) or the Collateral or any other 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 or control of any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator custodian or assignee for the benefit of creditors and the same is not cured within forty-five sixty (4560) days thereafter.; 8.1.10
Appears in 1 contract
Samples: Credit Agreement (Black Box Corp)
Uninsured Losses; Proceedings Against Assets. There shall occur (i) any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of $15,000,000 75,000,000 or (ii) any of the Collateral or any other of the Loan Parties' or any ’ assets, having a fair market value in excess of their Subsidiaries' assets $40,000,000, are attached, seized, levied upon by, or subjected to a writ or distress warrant; warrant in favor of, or such come within the possession or control of of, any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator custodian or assignee for the benefit of creditors and the same is not cured within forty-five sixty (4560) days thereafter.;
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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 Collateral in excess of $15,000,000 (unless covered by self-insurance approved by the Administrative Agent), or the Collateral or any other 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 or control of any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator custodian or assignee for the benefit of creditors and the same is not cured within forty-five (45) days thereafter.;
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Uninsured Losses; Proceedings Against Assets. There shall occur (i) any material uninsured damage to or loss, theft or destruction of any of the Collateral in excess of $15,000,000 75,000,000 or (ii) any of the Collateral or any other of the Loan Parties' or any ’ assets, having a fair market value in excess 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 or control of of, any receiver, interim receiver, receiver and manager, monitor, trustee, custodian, liquidator custodian or assignee for the benefit of creditors and the same is not cured within forty-five sixty (4560) days thereafter.;
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