Common use of Claims, Judgments and Attachments Clause in Contracts

Claims, Judgments and Attachments. Any money judgment, writ or warrant of attachment or similar process involving, in the aggregate, at any time, an amount in excess of the Threshold Amount (in either case, to the extent not fully covered by insurance (less any deductible) as to which a solvent and unaffiliated third party insurance company has acknowledged coverage) shall be entered or filed against Borrower or any Significant Subsidiary or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days (or, in any event, later than the date that enforcement proceedings shall have been commenced by any creditor upon such judgment order or five (5) days prior to the date of any proposed sale thereunder); or

Appears in 6 contracts

Samples: Credit and Guaranty Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)

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Claims, Judgments and Attachments. (a) Any money judgment, writ or warrant of attachment or similar process involving, involving in the aggregate, aggregate at any time, time an amount in excess of the Threshold Amount $100,000,000 (in either case, case to the extent not fully covered by insurance (less any deductible) as to which a solvent and unaffiliated third party insurance company has acknowledged coverage) shall be entered or filed against Borrower Company or any Significant Subsidiary of its Restricted Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days (or, or in any event, event later than the date that enforcement proceedings shall have been commenced by any creditor upon such judgment order or five (5) days prior to the date of any proposed sale thereunder); or

Appears in 2 contracts

Samples: Collateral Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)

Claims, Judgments and Attachments. Any money judgment, writ or warrant of attachment or similar process involving, involving in the aggregate, aggregate at any time, time an amount in excess of the Threshold Amount $250,000,000 (in either case, case to the extent not fully covered by insurance (less any deductible) as to which a solvent and unaffiliated third party insurance company has acknowledged coverage) shall be entered or filed against Company or any other Borrower or any Significant Subsidiary or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days (or, or in any event, event later than the date that enforcement proceedings shall have been commenced by any creditor upon such judgment order or five (5) days prior to the date of any proposed sale thereunder); or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Cit Group Inc)

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Claims, Judgments and Attachments. Any money judgment, writ or warrant of attachment or similar process involving, involving in the aggregate, aggregate at any time, time an amount in excess of the Threshold Amount (in either case, case to the extent not fully covered by insurance (less any deductible) as to which a solvent and unaffiliated third party insurance company has acknowledged coverage) shall be entered or filed against Borrower or any Significant Subsidiary or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days (or, or in any event, event later than the date that enforcement proceedings shall have been commenced by any creditor upon such judgment order or five (5) days prior to the date of any proposed sale thereunder); or

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Cit Group Inc)

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