Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any attachment, sequestration, distress or execution affects any asset of an Obligor or any Material Subsidiary and is not discharged within 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 substantial part of the assets of any asset of an Obligor or any Material Principal Subsidiary and is not discharged within 14 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 distress, execution or execution diligence (whether on the dependence or otherwise) affects any material asset of an Obligor the Company or any Material Principal Subsidiary and is not discharged within 14 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 or execution affects the whole or any asset substantial part of the property, undertakings or assets of an Obligor or any a Material Subsidiary and is not discharged or stayed within 14 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 any material asset of an any Obligor or any Material Principal Subsidiary and is not discharged within 14 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 asset of an Obligor or any Material Principal Subsidiary and is not discharged within 14 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 material part of an the assets of any Obligor or any Material Relevant Subsidiary and is not discharged within 14 days.

Appears in 1 contract

Sources: Facility Agreement (Tomkins PLC)

Creditors’ process. Any attachment, sequestration, distress or execution affects any asset of an Obligor or any Material a Principal Subsidiary and is not discharged within 14 21 days.

Appears in 1 contract

Sources: Term and Revolving Credit Facility (Powergen PLC)

Creditors’ process. Any attachment, sequestration, distress distress, execution or execution analogous event affects any asset asset(s) of an Obligor or any Material Subsidiary a member of the Group and is not discharged within 14 30 days.

Appears in 1 contract

Sources: Subscription Agreement

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

Appears in 1 contract

Sources: Revolving Credit Facility (Cousin Acquisition Inc)

Creditors’ process. Any attachment, sequestration, distress or execution affects any asset of an any Obligor or any Material Subsidiary and is its not discharged within 14 45 days.

Appears in 1 contract

Sources: Revolving Credit Facility (Incentive Ab)

Creditors’ process. Any attachment, sequestration, distress or execution affects any material asset of an Obligor or any Material Principal Subsidiary and is not discharged within 14 21 days.

Appears in 1 contract

Sources: Term and Revolving Credit Facility (Meggit PLC)