Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligor.

Appears in 7 contracts

Sources: Loan Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorthe Borrower.

Appears in 6 contracts

Sources: Loan Agreement, Senior Term Loan Facility Agreement (Behringer Harvard Opportunity REIT I, Inc.), Facility Agreement (Nbty Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an ObligorObligor or member of the Group, or any analogous procedure or step is taken in any jurisdiction.

Appears in 5 contracts

Sources: Bareboat Charter (DryShips Inc.), Bareboat Charter (DryShips Inc.), Bareboat Charter (DryShips Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligora member of the Group.

Appears in 5 contracts

Sources: Facility Agreement (Daqo New Energy Corp.), Facility Agreement (McGraw-Hill Global Education Intermediate Holdings, LLC), Facility Agreement (Huang Julia)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligora Transaction Obligor or any a member of the Group.

Appears in 5 contracts

Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.), Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Okeanis Eco Tankers Corp.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorany of the Obligors.

Appears in 4 contracts

Sources: Memorandum of Agreement, Memorandum of Agreement (Hemen Holding LTD), Memorandum of Agreement (Hemen Holding LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligora member of the Group.

Appears in 4 contracts

Sources: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Dorian LPG Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorany Obligor or any Material Subsidiary having a Material Adverse Effect.

Appears in 3 contracts

Sources: Multicurrency Revolving Credit and Guarantee Facility Agreement (Subsea 7 S.A.), Multicurrency Guarantee Facility Agreement (Acergy S.A.), Multicurrency Revolving Credit and Guarantee Facility Agreement (Acergy S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorthe Obligors.

Appears in 2 contracts

Sources: Revolving Credit Facility Agreement (Flex LNG Ltd.), Revolving Credit Facility Agreement (Flex LNG Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset or assets of an Obligorany Obligor or any other member of the Group which has or would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Sources: Term Loan Facility Agreement (Gran Tierra Energy Inc.), Term Loan Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an ObligorObligor or Shareholder.

Appears in 2 contracts

Sources: Facility Agreement (Hines Global REIT, Inc.), Facility Agreement (Hines Global REIT, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (affects the whole or any analogous process in any jurisdiction) affects any asset substantial and material part of the property, undertaking or assets of an ObligorObligor or any Material Subsidiary.

Appears in 2 contracts

Sources: Facility Agreement (Ses S.A.), Bridge Facility Agreement (Ses S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorany Obligor or any member of the Group.

Appears in 2 contracts

Sources: Facility Agreement (Pacific Alliance Group LTD), Facility Agreement (Sun Wise (UK) Co., LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets Asset of an Obligorthe Borrower.

Appears in 1 contract

Sources: Loan Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset or assets of an a Transaction Obligor.

Appears in 1 contract

Sources: Facility Agreement (Navios Maritime Holdings Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorany Security Provider or Borrower.

Appears in 1 contract

Sources: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset or assets of an Obligor.

Appears in 1 contract

Sources: Facility Agreement (Opto Circuits (India) LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an any Obligor.

Appears in 1 contract

Sources: Letter of Credit Facility Agreement (Endeavour International Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset or assets of an Obligorthe Borrower.

Appears in 1 contract

Sources: Facility Agreement (Cordlife Group LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any material asset or assets of an Obligorany member of the Group.

Appears in 1 contract

Sources: Term Loan Facility (Star Bulk Carriers Corp.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (the Borrower or the Collateral Provider or any analogous process in any jurisdiction) jurisdiction affects any asset or assets of an Obligorthe Borrower or the Collateral Provider which has or is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Sources: Multicurrency Letter of Credit Facility Agreement (Flagstone Reinsurance Holdings, S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets Material Assets of an any Obligor.

Appears in 1 contract

Sources: Facility Agreement (Sigma Aldrich Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset Charged Asset or assets Charged Assets of an Obligorthe Borrower.

Appears in 1 contract

Sources: Facility Agreement (Micron Technology Inc)

Creditors’ process. Any expropriation, attachment, sequestration, implementation of any business rescue plan, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorthe Borrower.

Appears in 1 contract

Sources: Facilities Agreement (Karooooo Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset or assets of an Obligora member of the Group.

Appears in 1 contract

Sources: Term Facility Agreement (Corgi International LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset of the Borrower’s assets or assets of an Obligorits Subsidiaries.

Appears in 1 contract

Sources: Term Facility Agreement (Grupo Financiero Galicia Sa)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset or material amount of assets of an ObligorApplicant or any Guarantor.

Appears in 1 contract

Sources: Standby Letter of Credit Agreement (Proassurance Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorthe Borrower or a Subsidiary of the Borrower.

Appears in 1 contract

Sources: Facility Agreement (Xunlei LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of an Obligorany Post-Cyan Obligor or the Company Shareholder.

Appears in 1 contract

Sources: Letter of Credit Facility Agreement (Endeavour International Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) jurisdiction affects any asset or assets of an Obligor.the Seller or the Guarantor, which has or would reasonably be expected to have a Material Adverse Effect. ​ ​

Appears in 1 contract

Sources: Prepayment Addendum (GeoPark LTD)