Attachments; Judgments. Any portion of Borrower's assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money, individually or in the aggregate, of at least $500,000 (not covered by independent third party insurance as to which such liability has been accepted by such insurance carrier as of the date of such attachment, seizure, levy or entry of judgment and such judgment remains unsatisfied, unvacated or unstayed for a period of ten (10) days after the entry thereof), or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or
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Sources: Loan and Security Agreement (Cerecor Inc.), Loan and Security Agreement (Cerecor Inc.)
Attachments; Judgments. Any material portion of Borrower's ’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/by a court of competent jurisdiction is or are entered for the payment of moneymoney (not covered by independent third party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least $500,000 (not covered by independent third party insurance as to which such liability has been accepted by such insurance carrier as of the date of such attachment, seizure, levy or entry of judgment 1,000,000 and such judgment judgement remains unsatisfied, unvacated or unstayed for a period of ten forty-five (1045) days after the entry thereof), or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or
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Attachments; Judgments. Any portion of Borrower's ’s assets is attached or seized, or a levy is filed against any such assetsassets and such attachment, seizure or levy has not been removed, discharged or rescinded within ten (10) days, or a judgment or judgments (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) is/are entered for the payment of money, individually or in the aggregate, of at least $500,000 (not covered by independent third party insurance as to which such liability has been accepted by such insurance carrier as of the date of such attachment, seizure, levy or entry of judgment 150,000 and such judgment remains unsatisfied, unvacated or unstayed for a period of ten (10) days after the entry thereof)days, or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or;
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Sources: Loan and Security Agreement (Cleveland Biolabs Inc)
Attachments; Judgments. Any portion of Borrower's ’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money, individually or in the aggregate, of at least $500,000 250,000 (not covered by independent third party insurance as to which such liability has been accepted by such insurance carrier as of the date of such attachment, seizure, levy or entry of judgment and such judgment remains unsatisfied, unvacated or unstayed for a period of ten (10) days after the entry thereof), or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or
Appears in 1 contract
Attachments; Judgments. Any portion of Borrower's ’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of moneymoney (not covered by independent third-party insurance as to which liability has not been rejected by such insurance carrier), individually or in the aggregate, of at least Two Hundred Fifty Thousand Dollars ($500,000 (not covered by independent third party insurance as to which such liability has been accepted by such insurance carrier as of the date of such attachment, seizure, levy or entry of judgment 250,000) and such judgment remains unsatisfied, unvacated or unstayed for a period of ten thirty (1030) days after the entry thereof), or Borrower is enjoined or in any way prevented by court order from conducting any material part of its business; or
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Attachments; Judgments. Any portion of Borrower's ’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money, individually or in the aggregate, of at least $500,000 100,000 (not covered by independent third party insurance as to which such liability has been accepted by such insurance carrier as of the date of such attachment, seizure, levy or entry of judgment and such judgment remains unsatisfied, unvacated or unstayed for a period of ten (10) days after the entry thereof), or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or
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