Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 and is not discharged within ten Business Days.

Appears in 3 contracts

Sources: Single Currency Interim Revolving Working Capital Support Facility Agreement, Single Currency Interim Revenue Support Facility Agreement, Single Currency Interim Capital Support Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate or a Significant Subsidiary with a value in excess of £250,000 $10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within ten Business Days30 days.

Appears in 3 contracts

Sources: Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Borrower having an aggregate Group or a Security Provider with a value in excess of £250,000 and US$1,000,000 (or its equivalent in other currencies) which is not discharged within ten Business Days60 days.

Appears in 3 contracts

Sources: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of an Obligor or a member of the Borrower Group having an aggregate value of £250,000 500,000 or more and is not discharged within ten Business Days7 days.

Appears in 3 contracts

Sources: Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group having an aggregate value of £250,000 USD10,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten 10 Business Days.

Appears in 3 contracts

Sources: Loan Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or part of the assets of the Borrower an Obligor or Major Material Subsidiary having an aggregate value of £250,000 US$25,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days30 days.

Appears in 2 contracts

Sources: Facility Agreement (Alibaba Group Holding LTD), Facilities Agreement (Alibaba Group Holding LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or Material Subsidiary having an aggregate value of and in respect of indebtedness aggregating at least £250,000 25,000,000 and is not discharged within ten Business Days30 days.

Appears in 2 contracts

Sources: Facility Agreement (Intercontinental Hotels Group PLC /New/), Facility Agreement (Intercontinental Hotels Group PLC /New/)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 or any Restricted Subsidiaries (other than any Immaterial Subsidiary) or any Guarantor or any Project Assets and is not discharged or stayed within ten Business Days60 days.

Appears in 2 contracts

Sources: Facility Agreement (NXP Semiconductors N.V.), Facility Agreement (NXP Semiconductors N.V.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrower having an aggregate a value of £250,000 at least US$300,000 and is not discharged within ten Business Days21 days.

Appears in 2 contracts

Sources: Loan Agreement (NeoGames S.A.), Loan Agreement (NeoGames S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Borrower having an aggregate value of £250,000 Group, and is not discharged or countered in good faith within ten (10) Business DaysDays after the Borrower became aware of the same.

Appears in 2 contracts

Sources: Term Facility Agreement (Grindrod Shipping Holdings Ltd.), Term Facility Agreement (Grindrod Shipping Holdings Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or Material Subsidiary having an aggregate value of £250,000 and in respect of indebtedness aggregating at least $50,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days30 days.

Appears in 2 contracts

Sources: Loan Agreement (Intercontinental Hotels Group PLC /New/), Facility Agreement (Intercontinental Hotels Group PLC /New/)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or any Material Subsidiary having an aggregate value of £250,000 $50,000,000 by reason of creditor action and is not discharged within ten Business Days21 days.

Appears in 2 contracts

Sources: Facility Agreement (AstraZeneca Biopharmaceuticals Inc.), Facility Agreement (AstraZeneca Biopharmaceuticals Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 US$10,000,000 and is not discharged within ten Business Daysone month.

Appears in 2 contracts

Sources: Subscription Loan Agreement (Rockwood Holdings, Inc.), Loan Agreement (Rockwood Holdings, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or a Material Subsidiary having an aggregate value of £US$250,000 and is not discharged within ten Business Days30 days.

Appears in 2 contracts

Sources: Mezzanine Bridge Facility Agreement (Aramex International LTD), Investor Loan Agreement (Aramex International LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor having an aggregate a value in excess of £250,000 EUR 10,000,000 (or its equivalent in any other currency or currencies) and which is not discharged within ten Business Days30 days.

Appears in 2 contracts

Sources: Facility Agreement (Delhaize Group), Facility Agreement (Delhaize Group)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group having an aggregate value of £250,000 US$500,000 (or its equivalent in any other currency or currencies) and is not discharged within ten 15 Business Days.

Appears in 2 contracts

Sources: Senior Loan Note Subscription Agreement (Tritium DCFC LTD), Senior Loan Note Subscription Agreement (Tritium DCFC LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrower a Significant Subsidiary (other than ▇▇▇▇▇) having an aggregate value of £250,000 USD30,000,000 and is not discharged within ten Business Days60 days.

Appears in 1 contract

Sources: Facility Agreement (Central European Distribution Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or a Material Subsidiary having an aggregate value of £250,000 EUR 10,000,000 or more (or its equivalent in any other currency or currencies) and is not discharged within ten Business Daystwenty (20) days.

Appears in 1 contract

Sources: Senior Revolving Facility Agreement (Evotec SE)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or any Significant Subsidiary having an aggregate value of £250,000 US$25,000,000 and is not discharged within ten Business Days30 days.

Appears in 1 contract

Sources: Facility Agreement (Amerisourcebergen Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or any of its Material Subsidiaries having an aggregate value of £250,000 $1,000,000 and is not discharged within ten 20 Business Days.

Appears in 1 contract

Sources: Term Facility Agreement (Cadence Design Systems Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Obligor or any other member of the Borrower Group that is a party to any Finance Document having an aggregate value of £$250,000 and is not discharged within ten Business Days14 days.

Appears in 1 contract

Sources: Senior Facility Agreement (Fx Energy Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or Material Subsidiary having an aggregate value of and in respect of indebtedness aggregating at least £250,000 10,000,000 and is not discharged within ten Business Days30 days.

Appears in 1 contract

Sources: Facility Agreement (Mitchells & Butlers PLC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any member of the Borrower Group having an aggregate value of £250,000 USD 10,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days14 days.

Appears in 1 contract

Sources: Revolving Facility Agreement (StoneX Group Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of more than £250,000 1,000,000 and is not discharged within ten 10 Business Days.

Appears in 1 contract

Sources: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group having an aggregate value of £250,000 3,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days30 days.

Appears in 1 contract

Sources: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrower having an aggregate value of £250,000 100,000 (or its equivalent in other currencies) and is not discharged discharged, stayed or dismissed within ten Business Daysfourteen days.

Appears in 1 contract

Sources: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate with a value in excess of £250,000 $10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within ten Business Days30 days.

Appears in 1 contract

Sources: Export Credit Agreement (Mobile Telesystems Ojsc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower and/or the Parent Guarantor having an aggregate value of £250,000 USD 20,000,000 (or its equivalent in other currencies) and is not discharged within ten Business Daysthirty (30) days.

Appears in 1 contract

Sources: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having any Obligor with an aggregate value of £250,000 not less than USD15,000,000 (or equivalent in other currencies) and is not discharged within ten 15 Business Days.

Appears in 1 contract

Sources: Facility Agreement (Wimm Bill Dann Foods Ojsc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower and/or the Parent Guarantor having an aggregate value of £250,000 USD 1,000,000 (or its equivalent in other currencies) and is not discharged within ten Business Daysthirty (30) days.

Appears in 1 contract

Sources: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate or a Significant Subsidiary with a value in excess of £250,000 EUR 10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within ten Business Days30 days.

Appears in 1 contract

Sources: Facility Agreement (Mobile Telesystems Ojsc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group, having an aggregate value of more than £250,000 2,000,000 or its equivalent in another currency or currencies, and is not discharged within ten Business Days21 days.

Appears in 1 contract

Sources: Term Loan Facilities Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower Company or any of its Material Subsidiaries having an aggregate value (net of £250,000 any expropriation or other compensation received or receivable) of EUR 15,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days45 days.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (H Lundbeck a S)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects the whole or any asset or substantial part of the assets of the Borrower an Obligor or Material Subsidiary having an aggregate value of £250,000 at least $10,000,000 and is not discharged within ten Business Days14 days.

Appears in 1 contract

Sources: Facilities Agreement (Signet Group PLC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of an Obligor or a Material Subsidiary of the Borrower Group having an aggregate value of £250,000 10,000,000 and which is not discharged within ten Business Days30 days.

Appears in 1 contract

Sources: Facilities Agreement (Analex Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets (other than any assets which are part of a Non-Recourse Transaction) of a member of the Borrower Group having an aggregate value of £250,000 at least EUR10,000,000 and is not discharged within ten Business Daysthirty days.

Appears in 1 contract

Sources: Facility Agreement (VTTI Energy Partners LP)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower and/or the Guarantor and/or any Owning Company having an aggregate value of £250,000 USD 500,000 and is not discharged within ten Business Daysthirty (30) days.

Appears in 1 contract

Sources: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of: (a) the Borrowers; or (b) a member of the Borrower Group (other than the Borrowers), having an aggregate value of £250,000 $5,000,000 (in relation to such individual member of the Group) and which is not discharged within ten Business Days14 days of the date it occurs.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Castor Maritime Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or any Material Subsidiary having an aggregate value of £250,000 7,500,000 or more (or its equivalent in any other currency or currencies) and is not discharged within ten 30 Business Days.

Appears in 1 contract

Sources: Facility Agreement (Cookson Group PLC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any member of the Borrower Group having an aggregate value of £250,000 5,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days14 days.

Appears in 1 contract

Sources: Facility Agreement (Best Buy Co Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group having an aggregate value of £250,000 US$20,000,000 and is not discharged or stayed within ten Business Days30 days.

Appears in 1 contract

Sources: Facility Agreement (PT Indosat TBK)

Creditors’ process. Any any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower Issuer, any Guarantor or a Material Subsidiary having an aggregate value of £250,000 and in respect of indebtedness aggregating at least U.S.$50,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days.30 days; or

Appears in 1 contract

Sources: Trust Deed (Intercontinental Hotels Group PLC /New/)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Obligor or Material Company where the Borrower having an aggregate value of underlying such a claim exceeds £250,000 500,000 and is not discharged within ten Business Days21 days.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Markit Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of any member of the Borrower Group or any Security Provider having an aggregate value of £250,000 ₤17,500,000 (or its equivalent in other currencies) and is not discharged within ten Business Days21 days.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Amc Entertainment Holdings, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 US$25,000,000 (or its equivalent in any other currency or currencies) and is not discharged within ten Business Days20 days.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Affinia Group Intermediate Holdings Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (other than by way of enforcement of Security in respect of Clearing Business Borrowings) affects any asset or assets of the any Borrower or any Material Company having an aggregate value of £250,000 US$25,000,000 and is not discharged within ten 10 Business Days.

Appears in 1 contract

Sources: Facilities Agreement (Borse Dubai LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress distress, execution or execution analogous event affects any asset or assets of the Borrower or any Material Subsidiary having an aggregate value of £250,000 at least US$25,000,000 and is not discharged within ten 15 Business Days.

Appears in 1 contract

Sources: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower having an aggregate value of £250,000 not less than US$50,000,000 (or its equivalent in other currency or currencies), and is not discharged within ten Business Days14 days.

Appears in 1 contract

Sources: Facility Agreement (Melco Resorts & Entertainment LTD)