Common use of Creditors’ process Clause in Contracts

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more and is not discharged within 30 days.

Appears in 2 contracts

Sources: Senior Facility Agreement (Wanda Sports Group Co LTD), Senior Facility Agreement (Wanda Sports Group Co LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more USD25,000,000 and is not discharged within 30 21 days.

Appears in 2 contracts

Sources: Facility Agreement (Randgold Resources LTD), Facility Agreement (Randgold Resources LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution in excess of US$300,000 affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more Group, and is not discharged or countered in good faith within 30 daysten (10) Business Days after the Borrower became aware of the same.

Appears in 2 contracts

Sources: Term Facility Agreement (Grindrod Shipping Holdings Ltd.), Term Facility Agreement (Grindrod Shipping Holdings Ltd.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution 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$15,000,000 (or its equivalent) $250,000 or more and is not discharged within 30 seven days.

Appears in 2 contracts

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

Creditors’ process. Any any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$$15,000,000 (or its equivalent) or more and is not discharged within 30 days.

Appears in 2 contracts

Sources: Credit Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 EUR 250,000 or more (or its equivalentany event occurs which under the laws of any jurisdiction has a similar or analogous effect) or more and the same is not discharged within 30 14 days.

Appears in 1 contract

Sources: Multipurpose Facilities Agreement (SunOpta Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) $500,000 or more and is not discharged within 30 days.

Appears in 1 contract

Sources: Facility Agreement (Diana Containerships Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress distress, execution or execution other legal process affects any asset or assets of a any member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more U.S.$1,000,000 and is not discharged within 30 days15 Business Days.

Appears in 1 contract

Sources: Facility Agreement (Far East Energy Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets (other than any assets which are part of a Non-Recourse Transaction) of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more at least EUR10,000,000 and is not discharged within 30 thirty days.

Appears in 1 contract

Sources: Facility Agreement (VTTI Energy Partners LP)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more 20,000,000 and is not discharged or stayed within 30 days.

Appears in 1 contract

Sources: Facility Agreement (PT Indosat TBK)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution (or any analogous process in any jurisdiction) affects any asset or assets of of: (a) the Borrowers; or (b) a member of the Group (other than the Borrowers), having an aggregate value of US$15,000,000 $5,000,000 (or its equivalentin relation to such individual member of the Group) or more and which is not discharged within 30 days14 days of the date it occurs.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Castor Maritime Inc.)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more greater than £5,000,000 and is not discharged within 30 21 days.

Appears in 1 contract

Sources: Backstop Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a any Obligor or any other member of the Group that is a party to any Finance Document having an aggregate value of US$15,000,000 (or its equivalent) or more $250,000 and is not discharged within 30 14 days.

Appears in 1 contract

Sources: Senior Facility Agreement (Fx Energy Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a any member of the Group having an unless (i) such expropriation, attachment, sequestration, distress or execution is discharged within fourteen (14) days and (ii) the aggregate value of any and all assets of any or all members of the Group that are subject to any or all events of expropriation, attachment, sequestration, distress and/or execution does not exceed US$15,000,000 5,000,000 (or its equivalent) equivalent in any other currency or more and is not discharged within 30 dayscurrencies).

Appears in 1 contract

Sources: Facility Agreement (China Mengniu Dairy Co LTD)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of an Obligor or a member Material Subsidiary of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more £10,000,000 and which is not discharged within 30 days.

Appears in 1 contract

Sources: Facilities Agreement (Analex Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of an Obligor or a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more EUR 5,000,000 and is not discharged within 30 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 execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more 250,000 and is not discharged within 30 fourteen (14) days.

Appears in 1 contract

Sources: Senior Reserve Base Lending Facility Agreement (Fx Energy Inc)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) $10,000,000 or more and is not discharged within 30 14 days.

Appears in 1 contract

Sources: Facility Agreement (Standard Commercial Corp)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Group having an aggregate value of US$15,000,000 (or its equivalent) or more $5,000,000 and is not discharged within 30 14 days.

Appears in 1 contract

Sources: Facility Agreement (Westway Group, Inc.)