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 or a Significant Subsidiary with a value in excess of $10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within 30 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 affects any asset or assets of the Borrower or a Significant Subsidiary with a having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) £250,000 and is not discharged or stayed within 30 daysten 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 or a Significant Subsidiary with a having an aggregate value in excess of $US$10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within 30 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 or any analogous process in any jurisdiction affects any asset or assets of the Borrower or a Significant Subsidiary with having a value in excess of $10,000,000 (or its equivalent in any other currency or currencies) at least US$300,000 and is not discharged or stayed within 30 21 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 affects any asset or assets of the Borrower an Obligor or a Significant Material Subsidiary with a having an aggregate value of and in excess respect of $10,000,000 (or its equivalent in any other currency or currencies) indebtedness aggregating at least £25,000,000 and is not discharged or stayed within 30 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 distress, execution or execution other legal process in relation to an aggregate amount of at least €5,000,000 affects any asset or assets of a member of the Borrower or a Significant Subsidiary with a value in excess of $10,000,000 (or its equivalent in any other currency or currencies) Group and is not discharged or stayed within 30 days20 Business Days.

Appears in 2 contracts

Sources: Credit Facility Agreement (Merck Kgaa /Fi), Credit Facility Agreement (E. Merck oHG)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the any Borrower or a Significant Subsidiary with a having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) 500,000 and is not discharged or stayed within 30 15 days.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Tower Group International, Ltd.), Letter of Credit Facility Agreement (Tower Group International, Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Significant any Material Subsidiary with a having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) 50,000,000 by reason of creditor action and is not discharged or stayed within 30 21 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 a member of the Borrower or a Significant Subsidiary with a Group having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) £5,000,000 and is not discharged or stayed within 30 21 days.

Appears in 2 contracts

Sources: Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD), £110,000,000 Standby Letter of Credit Facility Agreement (Montpelier Re Holdings LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the any Borrower or a Significant Subsidiary with a having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) €1,000,000 and is not discharged or stayed within 30 14 days.

Appears in 1 contract

Sources: Facility Agreement (Beyond Air, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Significant Subsidiary with a any Obligor having an aggregate value in excess of not less than $10,000,000 (or its equivalent in any other currency or currencies) 100,000 and is not discharged or stayed within 30 daysten Business Days.

Appears in 1 contract

Sources: Facility Agreement (Ivanhoe Energy Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Significant Subsidiary with a any of its Material Subsidiaries having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) 1,000,000 and is not discharged or stayed within 30 days20 Business Days.

Appears in 1 contract

Sources: Term Facility Agreement (Cadence Design Systems Inc)

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 Group having an aggregate value of £1,000,000 or a Significant Subsidiary with a value in excess of $10,000,000 (or its equivalent in any other currency or currencies) more and is not discharged or stayed within 30 days10 Business Days.

Appears in 1 contract

Sources: Receivables Financing Agreement (Best Buy Co Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous event affects any asset or assets of the Borrower Company or a Significant Subsidiary with a any of its Subsidiaries having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) exceeding £500,000 and is not discharged or stayed within 30 days.

Appears in 1 contract

Sources: Facility Agreement (TRM Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of the Borrower or a Significant Subsidiary with a having an aggregate value in excess of $10,000,000 £100,000 (or its equivalent in any other currency or currencies) and is not discharged discharged, stayed or stayed dismissed within 30 fourteen 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 members of the Borrower or a Significant Subsidiary with a Group having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) £500,000 and is not discharged or stayed within 30 21 days.

Appears in 1 contract

Sources: Senior Facilities Agreement (Equinix Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Significant Subsidiary with a value in excess of $10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within 30 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 or a Significant Subsidiary with a value in excess of $EUR 10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within 30 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 the Borrower or a Significant Subsidiary with a having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) 5% of Equity, and is not discharged or stayed within 30 15 days.

Appears in 1 contract

Sources: Facility Agreement (TriLinc Global Impact Fund LLC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Significant Subsidiary with a having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) more than £1,000,000 and is not discharged or stayed within 30 days10 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 or a Significant Subsidiary with a Group having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) £50,000 and is not discharged or stayed within 30 21 days.

Appears in 1 contract

Sources: Facility Agreement (Utah Medical Products 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 a Significant Subsidiary with a any Material Company having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) US$25,000,000 and is not discharged or stayed within 30 days10 Business Days.

Appears in 1 contract

Sources: Facilities Agreement (Borse Dubai LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Significant Subsidiary with a Company [having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) INR 50 Million and is not discharged or stayed within 30 45 days.

Appears in 1 contract

Sources: Subordinated Loan Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower or a Significant Subsidiary with a value in excess of $10,000,000 (or its equivalent in any other currency or currencies) and is not discharged or stayed within 30 ten days.

Appears in 1 contract

Sources: Loan Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower or a Significant Subsidiary with a Group having an aggregate value in excess of $10,000,000 £7,000,000 (or its equivalent in any other currency or currencies) seven million pounds), and is not discharged or stayed within 30 days10 Business Days.

Appears in 1 contract

Sources: Facility Agreement (Pilgrims Pride Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of any Obligor or Material Company where the Borrower or value underlying such a Significant Subsidiary with a value in excess of $10,000,000 (or its equivalent in any other currency or currencies) claim exceeds £500,000 and is not discharged or stayed within 30 21 days.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Markit Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of the Borrower an Obligor or a Significant Material Subsidiary with a having an aggregate value in excess of $10,000,000 (or its equivalent in any other currency or currencies) £5,000,000 and is not discharged or stayed within 30 days20 Business Days.

Appears in 1 contract

Sources: Facility Agreement