Common use of Creditors’ process Clause in Contracts

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 and is not discharged within ten days.

Appears in 3 contracts

Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.), Agreement (Navios Maritime Holdings Inc.)

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Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of an Obligor or a member of the Group having an aggregate value of US$2,000,000 £500,000 or more and is not discharged within ten 7 days.

Appears in 3 contracts

Samples: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having with respect to any member of the Group, an aggregate value of US$2,000,000 $250,000 or more and is not discharged within ten seven days.

Appears in 2 contracts

Samples: Facility Agreement (Ener1 Inc), Facility Agreement (Ener1 Inc)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of an Obligor or a member of the Group having an aggregate value of US$2,000,000 5,000,000 or more and is not discharged within ten 7 days.

Appears in 2 contracts

Samples: Assignment Agreement (Enstar Group LTD), Facility Agreement (Enstar Group LTD)

Creditors’ process. 24.8.1 Any any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 $15,000,000 and is not discharged within ten 30 days.

Appears in 2 contracts

Samples: Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress execution or execution other enforcement action or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 [redacted for commercially sensitive information] and is not discharged within ten thirty (30) days.

Appears in 1 contract

Samples: Agreement (Klondex Mines LTD)

Creditors’ process. 24.8.1 30.11.1 Any expropriation, attachment, sequestration, forfeituredistress, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the any Group Member having an aggregate value in excess of US$2,000,000 $500,000 and is not discharged within ten seven days.

Appears in 1 contract

Samples: Facility Agreement (Quintana Shipping Ltd.)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of an Obligor or a member of the Group having an aggregate value of US$2,000,000 750,000 or more and is not discharged within ten 7 days.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 $2,475,000 (or its equivalent in any currency) and is not discharged within ten days21 days of the commencement of such process.

Appears in 1 contract

Samples: Facilities Agreement (Luxfer Holdings PLC)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of an Obligor or a member of the Group having an aggregate value of US$2,000,000 750,000 or more and is not discharged within ten seven days.

Appears in 1 contract

Samples: Enstar Group LTD

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a an Obligor or member of the Group having an aggregate value of US$2,000,000 and is not discharged within ten fourteen (14) days.

Appears in 1 contract

Samples: Engadin Merger (Charm Communications Inc.)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a any member of the Group having an aggregate value of US$2,000,000 $1,000,000 or more (or its equivalent in other currencies) and is not discharged within ten days15 Business Days.

Appears in 1 contract

Samples: Facilities Agreement (Velti PLC)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 2,475,000 (or its equivalent in any currency) and is not discharged within ten days21 days of the commencement of such process.

Appears in 1 contract

Samples: Note Purchase Agreement (Luxfer Holdings PLC)

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Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member members of the Group having an aggregate value of US$2,000,000 £500,000 and is not discharged within ten 21 days.

Appears in 1 contract

Samples: Facilities Agreement (Equinix Inc)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of Material Company or the Group Parent having an aggregate value of US$$2,000,000 (or its equivalent) and is not discharged within ten days10 Business Days.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 £500,000 and is not discharged within ten days14 days of the commencement of such process.

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 $10,000,000 (or such other amount as may be approved or notified by the Lender) and is not discharged within ten days90 days (or such other period as may be approved or notified by the Lender).

Appears in 1 contract

Samples: Loan Agreement (Melco Crown Entertainment LTD)

Creditors’ process. 24.8.1 30.10.1 Any expropriation, attachment, sequestration, forfeituredistress, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of any Obligor (other than the Group Manager) having an aggregate value in excess of US$2,000,000 $500,000 and is not discharged within ten seven (7) days.

Appears in 1 contract

Samples: DryShips Inc.

Creditors’ process. 24.8.1 21.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group having an aggregate value of US$2,000,000 5,000,000 and is not discharged within ten 45 days.

Appears in 1 contract

Samples: Cellcom Israel Ltd.

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a member of the Group an Obligor or Material Subsidiary having an aggregate value of US$2,000,000 2,475,000 (or its equivalent in any currency) and is not discharged within ten days21 days of the commencement of such process.

Appears in 1 contract

Samples: Guarantee Agreement (Luxfer Holdings PLC)

Creditors’ process. 24.8.1 Any expropriation, attachment, sequestration, forfeiture, distress or execution or any analogous process in any jurisdiction affects any asset or assets of a any member of the Group or any Security Provider having an aggregate value of US$2,000,000 ₤17,500,000 (or its equivalent in other currencies) and is not discharged within ten 21 days.

Appears in 1 contract

Samples: Facility Agreement (Amc Entertainment Holdings, Inc.)

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