Common use of Assignment; Attachment Clause in Contracts

Assignment; Attachment. Grantee assigns its assets for the benefit of its creditors or suffers a sequestration or attachment of or execution on any substantial part of its property, unless the property so assigned, sequestered, attached or executed upon is returned or released within ninety (90) calendar days after such event or, if sooner, prior to sale pursuant to such sequestration, attachment, or execution. The occurrence of any of the events of Default in this paragraph will automatically trigger, without the need for any action by the County, Grantee’s obligation to repay the Grant in accordance with the terms of the Grant Documents.

Assignment; Attachment. Grantee assigns shall have assigned its assets for the benefit of its creditors or suffers suffered a sequestration or attachment of or execution on any substantial part of its property, unless the property so assigned, sequestered, attached attached, or executed upon is shall have been returned or released within ninety (90) calendar days after such event or, if sooner, prior to sale pursuant to such sequestration, attachment, or execution. The occurrence of any of the events of Default default in this paragraph will automatically triggershall act to accelerate automatically, without the need for any action by the County, Grantee’s obligation to repay the Grant in accordance with indebtedness under the terms of the Grant DocumentsGrant.

Assignment; Attachment. Grantee assigns its assets for the benefit of its creditors or suffers a sequestration or attachment of or execution on any substantial part of its property, unless the property so assigned, sequestered, attached or executed upon is returned or released within ninety (90) calendar days after such event or, if sooner, prior to sale pursuant to such sequestration, attachment, or execution. The occurrence of any of the events of Default in this paragraph will automatically trigger, without the need for any action by the County, Grantee▇▇▇▇▇▇▇’s obligation to repay the Grant in accordance with the terms of the Grant Documents.