Common use of Creditors’ process Clause in Contracts

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 Group having an aggregate value of US$5,000,000 or more and is not discharged within 7 days.

Appears in 2 contracts

Sources: Revolving Credit Facility Agreement (Enstar Group LTD), Revolving Credit Facility Agreement (Enstar Group LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or distress, execution or any analogous other legal process in any jurisdiction relation to an aggregate amount of at least €5,000,000 affects any asset or assets of an Obligor or a member of the Group having an aggregate value of US$5,000,000 or more and is not discharged within 7 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 or any analogous process in any jurisdiction affects any asset or assets of an Obligor or a member of the Group having with respect to any member of the Group, an aggregate value of US$5,000,000 $250,000 or more and is not discharged within 7 seven days.

Appears in 2 contracts

Sources: Facility Agreement (Ener1 Inc), Facility Agreement (Ener1 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 Group having an aggregate value of US$£5,000,000 or more and is not discharged within 7 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 or any analogous process in any jurisdiction affects any asset or assets of an Obligor or a member of the Group Material Subsidiary having an aggregate value of US$£5,000,000 or more and is not discharged within 7 days20 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 an Obligor or a member of the Group having an aggregate value of US$£5,000,000 (or more its equivalent in any other currency or currencies) and is not discharged within 7 days20 Business Days.

Appears in 1 contract

Sources: Senior Term and Revolving Facilities Agreement (Melrose PLC)

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 Group having an aggregate value of US$5,000,000 CHF35,000,000 (or more its equivalent in any other currency or currencies) and is not discharged within 7 28 days.

Appears in 1 contract

Sources: Facilities Agreement (LG Acquisition Corp.)

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 Group having an aggregate value of US$$5,000,000 or more and is not discharged within 7 14 days.

Appears in 1 contract

Sources: Facility Agreement (Westway Group, 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 Group having an aggregate value of US$5,000,000 $500,000 or more and is not discharged within 7 30 days.

Appears in 1 contract

Sources: Facility Agreement (Diana Containerships 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 Group having an aggregate value of US$greater than £5,000,000 or more and is not discharged within 7 21 days.

Appears in 1 contract

Sources: Backstop Facility Agreement

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 US$5,000,000 or more £50,000 and is not discharged within 7 21 days.

Appears in 1 contract

Sources: Facility Agreement (Utah Medical Products 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 Group having an aggregate value of US$5,000,000 or more USD20,000,000 and is not discharged within 7 days30 days of commencement.

Appears in 1 contract

Sources: Senior Facilities Agreement (AIR LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress execution or execution other enforcement action 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$5,000,000 or more [redacted for commercially sensitive information] and is not discharged within 7 thirty (30) days.

Appears in 1 contract

Sources: Secured Revolving Facility Agreement (Klondex Mines LTD)

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 Group having an aggregate value of US$5,000,000 or more £500,000 and is not discharged within 7 days14 days of the commencement of such process.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Sunrise Senior Living 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 members of the Group having an aggregate value of US$5,000,000 or more £500,000 and is not discharged within 7 21 days.

Appears in 1 contract

Sources: Senior Facilities Agreement (Equinix Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution for the payment of an amount in excess of US$20,000,000 (or its equivalent), either individually or in aggregate, affects any Material Company or any analogous process in any jurisdiction affects any asset or of their respective assets of an Obligor or a member of the Group having an aggregate value of US$5,000,000 or more and is not discharged within 7 30 days.

Appears in 1 contract

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

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 any member of the Group having an aggregate value of US$5,000,000 or more and is not discharged within 7 days20 Business Days unless the base currency equivalent of the aggregate value of that asset or those assets is less than EUR 10,000,000.

Appears in 1 contract

Sources: Bridge 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 an Obligor or a member of the Group having an aggregate value of US$5,000,000 or more £7,000,000 (seven million pounds), and is not discharged within 7 days10 Business Days.

Appears in 1 contract

Sources: Facility Agreement (Pilgrims Pride Corp)

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 Group having an aggregate value of US$5,000,000 £1,000,000 or more and is not discharged within 7 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 process in any jurisdiction affects any asset or assets of an Obligor or a member of the Group having an aggregate value of US$5,000,000 or more €15,000,000 and is not discharged within 7 45 days.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Titan International 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 Group having an aggregate value of US$EUR 5,000,000 or more and is not discharged within 7 days10 (ten) Business Days.

Appears in 1 contract

Sources: Credit Facilities Agreement (Wanda Sports Group Co LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or distress, execution or any analogous other legal process in any jurisdiction affects any asset or assets of an Obligor or a any member of the Group having an aggregate value of US$5,000,000 or more U.S.$1,000,000 and is not discharged within 7 days15 Business Days.

Appears in 1 contract

Sources: Facility Agreement (Far East Energy Corp)

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 Group having Association having, in each case, an aggregate value of US$5,000,000 or more €15,000,000 and is not discharged within 7 15 days.

Appears in 1 contract

Sources: Senior Loan Agreement (Aegon Nv)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset of the Borrower’s assets or assets of an Obligor or a member of the Group having an aggregate value of US$5,000,000 one hundred thousand Euros (€100,000) or more and is not discharged within 7 thirty (30) days.

Appears in 1 contract

Sources: Term Facility Agreement (MK Arizona Corp.)

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 Group having an aggregate value valued in excess of US$5,000,000 or more €20,000,000 and is not discharged within 7 daysfive Business Days.

Appears in 1 contract

Sources: Facility Agreement (Mobifon Holdings Bv)

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 any member of the Group having an aggregate value of US$5,000,000 $1,000,000 or more (or its equivalent in other currencies) and is not discharged within 7 days15 Business Days.

Appears in 1 contract

Sources: Facilities Agreement (Velti PLC)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction event affects any asset or assets of an Obligor the Company or a member any of the Group its Subsidiaries having an aggregate value of US$5,000,000 or more exceeding £500,000 and is not discharged within 7 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 an Obligor or a member of the Group Company [having an aggregate value of US$5,000,000 or more INR 50 Million and is not discharged within 7 45 days.

Appears in 1 contract

Sources: Subordinated Loan Agreement