Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material Company having an aggregate value in excess of EUR 20,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 Business Days.

Appears in 4 contracts

Sources: Bridge and Term Facilities Agreement (Magnum Ice Cream Co B.V.), Revolving Credit Facility Agreement (Magnum Ice Cream Co B.V.), Bridge and Term Facilities Agreement (Magnum Ice Cream Co B.V.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material Company member of the Group having an aggregate value in excess of EUR 20,000,000 USD10,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 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 or any analogous process in any jurisdiction affects any asset or assets of a any Material Company having an aggregate value in excess (for the Material Companies taken as a whole) of EUR 20,000,000 US$1,000,000 (or its equivalent in any other currency currency) which is not frivolous or currencies) vexatious and is not discharged within 20 Business Daysfifteen (15) days.

Appears in 2 contracts

Sources: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a an Obligor or Material Company Subsidiary having an aggregate value of and in excess respect of EUR 20,000,000 indebtedness aggregating at least $50,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 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 a Material Company member of the Group having an aggregate value in excess of EUR 20,000,000 A$500,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 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 (including enforcement of Security) or any analogous process in any jurisdiction affects any asset or assets of a Material Company Companies having an aggregate value in excess of EUR 20,000,000 (or its equivalent in any other currency or currencies) £25,000,000 and is not discharged within 20 Business Days60 days.

Appears in 2 contracts

Sources: Term Facility Agreement (Manchester United PLC), Term Facility Agreement (Manchester United PLC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material Company member of the Group having an aggregate value in excess of EUR 20,000,000 US$500,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 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 affects any asset or part of the assets of a an Obligor or Major Material Company Subsidiary having an aggregate value in excess of EUR 20,000,000 US$25,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 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 a the Company or any of its Material Company Subsidiaries having an aggregate value in excess (net of any expropriation or other compensation received or receivable) of EUR 20,000,000 15,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 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 any asset or assets of a an Obligor or any Material Company Subsidiary having an aggregate value in excess of EUR 20,000,000 £7,500,000 or more (or its equivalent in any other currency or currencies) and is not discharged within 20 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 an Obligor or a Material Company Subsidiary having an aggregate value in excess of EUR 20,000,000 10,000,000 or more (or its equivalent in any other currency or currencies) and is not discharged within 20 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 a Material Company member of the Group having an aggregate value in excess of EUR 20,000,000 USD 10,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 15 Business Days.

Appears in 1 contract

Sources: Senior Revolving Credit Facility Agreement (Logitech International Sa)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material any Group Company having an aggregate value in excess of EUR 20,000,000 exceeding $25,000,000 (or its the equivalent thereof in any other currency or currenciescurrency) and is not discharged within 20 Business Days.;

Appears in 1 contract

Sources: Credit Agreement (Altera Infrastructure L.P.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets for the payment of a Material Company having an aggregate value amount in excess of EUR US$20,000,000 (or its equivalent equivalent), either individually or in aggregate, affects any other currency Material Company or currencies) any of their respective assets and is not discharged within 20 Business Days30 days.

Appears in 1 contract

Sources: Loan Facility Agreement (Evraz Group S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects the whole or any asset or substantial part of the assets of a an Obligor or Material Company having an aggregate value in excess of EUR at least $20,000,000 (or its equivalent in any other currency or currenciesequivalent) and is not discharged within 20 Business Daysfourteen days.

Appears in 1 contract

Sources: Facilities Agreement (Signet Jewelers LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material Company having an aggregate value in excess of EUR 20,000,000 (or its equivalent in any other currency or currencies) $100,000 and is not discharged within 20 five Business Days.

Appears in 1 contract

Sources: Second Supplemental Facility Agreement (Paradigm Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material Company member of the Group having an aggregate value in excess of more than EUR 20,000,000 200,000,000 (or its equivalent in any other currency or currencies) and which is not discharged within 20 15 Business 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 a the Parent or any Material Company having an aggregate value in excess of EUR 20,000,000 [***] (or its equivalent in any other currency or currencies) and is not stayed, withdrawn or discharged within 20 Business Days.

Appears in 1 contract

Sources: Senior Term Facilities Agreement (NeoGames S.A.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a any Obligor or Material Company having an aggregate value in excess of EUR 20,000,000 £15,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 15 Business Days.

Appears in 1 contract

Sources: Notes Purchase Agreement (Membership Collective Group Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a Material Company having an any member of the Group and is not discharged within 20 Business Days unless the base currency equivalent of the aggregate value in excess of that asset or those assets is less than EUR 20,000,000 10,000,000 (or its equivalent in any other currency or currencies) and is not discharged within 20 Business Days).

Appears in 1 contract

Sources: Secured Facility Agreement (SBS Broadcasting S A)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a Material Structural Company having an aggregate value in excess of EUR 20,000,000 (USD35,000,000 or its equivalent in any other currency or currencies) more and is not discharged within 20 Business Days60 days.

Appears in 1 contract

Sources: Facility Agreement (Shanda Media LTD)