Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000, and is not discharged within 30 days.

Appears in 5 contracts

Samples: Agreement (Amec PLC), Agreement (Amec PLC), Agreement (Amec PLC)

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Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000U.S.$10,000,000 (or its equivalent), and is not discharged within 30 days21 days or is being contested in good faith to the satisfaction of the Facility Agent acting reasonably.

Appears in 4 contracts

Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)

Creditors’ process. Any attachment, sequestration, distress, distress or execution or analogous event affects any asset(s) assets of an Obligor or a member of the Group, Material Subsidiary having an aggregate value of at least £20,000,000, 1,000,000 (or its equivalent in other currencies) and is not discharged within 30 days.

Appears in 3 contracts

Samples: Agreement (Spirent PLC), Credit Agreement (Spirent PLC), Facility Agreement (Spirent PLC)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Groupan Obligor, having an aggregate value of at least £20,000,000the lower of €35,000,000 and US$50,000,000 or its equivalent, and is not discharged within 30 days.

Appears in 2 contracts

Samples: Agreement (PPG Industries Inc), Agreement (PPG Industries Inc)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Restricted Group, having an aggregate value of at least £20,000,000, (US$15,000,000) or its equivalent and is not discharged within 30 fourteen days.

Appears in 2 contracts

Samples: Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Global Ship Lease, Inc.)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000US$150,000, and is not discharged within 30 days.

Appears in 2 contracts

Samples: Agreement (Signature Eyewear Inc), Agreement (Signature Eyewear Inc)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Restricted Group, having an aggregate value of at least £20,000,000, and US$50,000,000 which is not discharged within 30 days.

Appears in 2 contracts

Samples: Agreement (Baidu, Inc.), Facility Agreement (Baidu, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress, distress or execution or analogous event affects any asset(s) asset or assets of a member of the Group, Group having an aggregate value of at least £20,000,000, US$15,000,000 (or its equivalent) or more and is not discharged within 30 days.

Appears in 2 contracts

Samples: Assignment Agreement (Wanda Sports Group Co LTD), Assignment Agreement (Wanda Sports Group Co LTD)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000$5,000,000, and is not discharged within 30 twenty-one (21) days.

Appears in 2 contracts

Samples: Agreement (Babylon Holdings LTD), Agreement (Babylon Holdings LTD)

Creditors’ process. Any attachment, sequestration, distress, execution execution, executory attachment or analogous event affects any asset(s) of a member of the Group, having an aggregate value at any time of at least £20,000,000US$2,500,000 (or its equivalent), and and, if capable of being discharged, is not discharged within 30 days.. 104

Appears in 1 contract

Samples: Agreement (UTi WORLDWIDE INC)

Creditors’ process. Any attachment, sequestration, distress, execution (or analogous event in any jurisdiction) affects any asset(s) assets of a member of the Group, Group having an aggregate value for all members of at least £20,000,000, and the Group greater than USD 1,000,000 (or its equivalent in other currencies) or is not discharged within 30 days15 Business Days.

Appears in 1 contract

Samples: Credit Facilities Agreement (Qiagen Nv)

Creditors’ process. Any expropriation, attachment, sequestration, distress, distress or execution or analogous event affects any asset(s) asset or assets of a member of the Group, Group having an aggregate value of at least £20,000,000, €15,000,000 and is not discharged within 30 45 days.

Appears in 1 contract

Samples: Agreement (Titan International Inc)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000€50,000,000, and is not discharged within 30 days.

Appears in 1 contract

Samples: Agreement (Vivendi Universal)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event having an aggregate value of €200,000 or more or its equivalent affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000, Group and is not discharged within 30 days.

Appears in 1 contract

Samples: Agreement (Shurgard Storage Centers Inc)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000, SEK 100,000,000 and is not discharged within 30 days.

Appears in 1 contract

Samples: Agreement (Tele2 Ab)

Creditors’ process. Any attachment, sequestration, distress, distress or execution affects all or analogous event affects any asset(s) of a member of the Group, part (such part having an aggregate value of at least £20,000,000, €15 million (or equivalent)) of the assets of an Obligor or Material Subsidiary and is not discharged within 30 twenty one days.

Appears in 1 contract

Samples: Credit Facility Agreement (Terex Corp)

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Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000(pound)5,000,000, and is not discharged within 30 daysfourteen days or is being contested in good faith to the satisfaction of the Facility Agent acting reasonably.

Appears in 1 contract

Samples: Agreement (Oratec Interventions Inc)

Creditors’ process. Any attachment, sequestration, distress, distress or execution or analogous event affects any asset(s) assets of a any member of the Group, Group having an aggregate value of at least £20,000,000USD500,000 (or its equivalent in other currencies), and is not discharged within 30 14 days.; or

Appears in 1 contract

Samples: Credit Agreement (Trader Com Nv)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000U.S.$250,000, or its equivalent, and is not discharged within 30 fourteen days.

Appears in 1 contract

Samples: Credit Agreement (Warp Technology Holdings Inc)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000, US$200,000 and is not discharged within 30 14 days or, in the case of a member of the Group incorporated in India, 90 days.

Appears in 1 contract

Samples: Facilities Agreement (Eros International PLC)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having Group which has an aggregate value in excess of at least £20,000,000US$5,000,000, and is not discharged within 30 15 days.

Appears in 1 contract

Samples: Facility Agreement (EnerSys)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000euro 5,000,000, and is not discharged within 30 fourteen days.

Appears in 1 contract

Samples: Agreement (Alfa Laval Special Finance Ab)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of Material Group Member or the GroupCompany, having an aggregate value of at least £20,000,000(pound)5,000,000, and is not discharged within 30 forty five days.

Appears in 1 contract

Samples: Bridge Loan Agreement (Enodis PLC)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Group, having an aggregate value of at least £20,000,000SEK 5,000,000, and is not discharged within 30 sixty (60) days.

Appears in 1 contract

Samples: Intercreditor Agreement (Metro International Sa)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the Parent Group, having an aggregate value of at least £20,000,000€5,000,000, and is not discharged within 30 fourteen days.

Appears in 1 contract

Samples: Agreement (Preem Holdings Ab Publ)

Creditors’ process. Any attachment, sequestration, distress, execution or analogous event affects any asset(s) of a member of the GroupMaterial Group Member, having an aggregate value of at least £20,000,000U.S.$100,000, and is not discharged within 30 days.

Appears in 1 contract

Samples: Bridge Facility Agreement (Professional Staff PLC)

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