Common use of Attachment or Process Clause in Contracts

Attachment or Process. A creditor attaches or takes possession of, or a distress, execution, sequestration, preliminary attachment (conservatoir beslag), executory attachment (executoriaal beslag) or other process is levied or enforced upon or sued out against any of the assets (having in the case of assets an aggregate value in excess of EUR5,000,000 (or its currency equivalent)), Luxco 1, the Parent, any Obligor or any other Material Subsidiary and is not discharged within 20 days.