Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a substantial part of the assets of any Obligor or Principal Subsidiary and is not discharged within 28 days.

Appears in 4 contracts

Sources: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Ibasis Inc), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a substantial part any asset of the assets of any an Obligor or Principal any Material Subsidiary and is not discharged within 28 14 days.

Appears in 4 contracts

Sources: Revolving Credit Facility Agreement (Autoliv Inc), Facilities Agreement (Autoliv Inc), Facilities Agreement (Autoliv Inc)

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a any substantial part of the property, undertakings or assets of any an Obligor or Principal a Material Subsidiary and is not discharged or stayed within 28 40 days.

Appears in 3 contracts

Sources: Facilities Agreement (Syngenta Ag), Revolving Credit Facility (Syngenta Ag), Revolving Credit Facility (Syngenta Ag)

Creditors’ process. Any attachment, sequestration, distress distress, execution or execution diligence (whether on the dependence or otherwise) affects the whole or a substantial part any material asset of the assets of Company or any Obligor or Principal Subsidiary and is not discharged within 28 21 days.

Appears in 3 contracts

Sources: Multicurrency Revolving Credit Facility (Scottish Power PLC), Multicurrency Revolving Credit Facility (Scottish Power PLC), Multicurrency Revolving Credit Facility Agreement (Scottish Power PLC)

Creditors’ process. Any attachment, sequestration, distress distress, execution or execution diligence (whether on the dependence or otherwise) affects the whole or a substantial part of the assets any material asset of any Obligor or any Principal Subsidiary and is not discharged within 28 21 days.

Appears in 2 contracts

Sources: Multicurrency Revolving Credit Facility (Scottish Power PLC), Multicurrency Revolving Credit Facility (Scottish Power PLC)

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a substantial part of the assets of any Obligor or Principal Subsidiary and is not discharged within 28 days.. Back to Contents

Appears in 2 contracts

Sources: Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Creditors’ process. Any attachment, sequestration, distress or execution affects any asset of the whole Borrower or a substantial part of the assets of any Obligor or Principal Subsidiary and is not discharged within 28 21 days.

Appears in 1 contract

Sources: 364 Day Multi Currency Revolving Credit With Term Out Option (National Grid Transco PLC)

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a substantial part any material asset of the assets of any an Obligor or any Principal Subsidiary and is not discharged within 28 21 days.

Appears in 1 contract

Sources: Term and Revolving Credit Facility (Meggit PLC)

Creditors’ process. Any attachment, sequestration, distress distress, execution or execution analogous event affects the whole any asset(s) of an Obligor or a substantial part member of the assets of any Obligor or Principal Subsidiary Group and is not discharged within 28 30 days.

Appears in 1 contract

Sources: Subscription Agreement

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a substantial part of the assets any asset of any Obligor or Principal Material Subsidiary and is its not discharged within 28 45 days.

Appears in 1 contract

Sources: Revolving Credit Facility (Incentive Ab)

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a substantial any material part of the assets of any Obligor or Principal Relevant Subsidiary and is not discharged within 28 14 days.

Appears in 1 contract

Sources: Facility Agreement (Tomkins PLC)

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole any asset of an Obligor or a substantial part of the assets of any Obligor or Principal Subsidiary and is not discharged within 28 21 days.

Appears in 1 contract

Sources: Term and Revolving Credit Facility (Powergen PLC)

Creditors’ process. Any attachment, sequestration, distress or execution affects the whole or a any substantial part of the assets of any Obligor or Principal any Material Subsidiary and is not discharged within 28 thirty days.

Appears in 1 contract

Sources: Revolving Credit Facility (Cousin Acquisition Inc)