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 with respect to any member of the Group, an aggregate value of $250,000 or more and is not discharged within seven days.

Appears in 2 contracts

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

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 with respect to any member of the Group, an aggregate value of $250,000 or more at least EUR10,000,000 and is not discharged within seven 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 with respect to any member of the Group, an aggregate value of $250,000 more than EUR 200,000,000 (or more its equivalent in any other currency or currencies) and which is not discharged within seven days15 Business Days.

Appears in 1 contract

Sources: Facility Agreement

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 $250,000 500,000 or more and is not discharged within seven 30 days.

Appears in 1 contract

Sources: Facility Agreement (Diana Containerships Inc.)

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 having with respect that is a party to any member of the Group, Finance Document having an aggregate value of $250,000 or more and is not discharged within seven 14 days.

Appears in 1 contract

Sources: Senior Facility Agreement (Fx Energy Inc)

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 with respect to any member of the Group, an aggregate value of $250,000 or more 5,000,000 (in relation to such individual member of the Group) and which is not discharged within seven 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 with respect to any member of the Group, an aggregate value of $250,000 or more 5,000,000 and is not discharged within seven 14 days.

Appears in 1 contract

Sources: Facility Agreement (Westway Group, Inc.)

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 $250,000 or more £7,000,000 (seven million pounds), and is not discharged within seven days10 Business Days.

Appears in 1 contract

Sources: Facility Agreement (Pilgrims Pride Corp)

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 $250,000 10,000,000 or more and is not discharged within seven 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 with respect to any member of the Group, an aggregate value of $250,000 or more €15,000,000 and is not discharged within seven 45 days.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Titan International Inc)

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 $250,000 not less than US$100,000,000 (or more its equivalent in any other currency or currencies) and is not discharged within seven 60 days.

Appears in 1 contract

Sources: Secured Facility Agreement (Amkor Technology, Inc.)

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 $250,000 or more US$20,000,000 and is not discharged or stayed within seven 30 days.

Appears in 1 contract

Sources: Facility Agreement (PT Indosat TBK)

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$250,000 or more and is not discharged within seven 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 with respect to any member of the Group, an aggregate value of $250,000 or more greater than £5,000,000 and is not discharged within seven 21 days.

Appears in 1 contract

Sources: Backstop Facility Agreement

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 with respect to any member of the Group, an aggregate value of $250,000 or more U.S.$1,000,000 and is not discharged within seven 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 of a member of the Group having with respect to any member valued in excess of the Group, an aggregate value of $250,000 or more €20,000,000 and is not discharged within seven daysfive Business Days.

Appears in 1 contract

Sources: Facility Agreement (Mobifon Holdings Bv)

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a any member of the Group having with respect to any member of unless (i) such expropriation, attachment, sequestration, distress or execution is discharged within fourteen (14) days and (ii) the Group, an aggregate value of $250,000 any and all assets of any or more and is all members of the Group that are subject to any or all events of expropriation, attachment, sequestration, distress and/or execution does not discharged within seven daysexceed US$5,000,000 (or its equivalent in any other currency or currencies).

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 a member of the Group having with respect to any member of the Group, an aggregate value of $250,000 £3,000,000 (or more its equivalent in any other currency or currencies) and is not discharged within seven 30 days.

Appears in 1 contract

Sources: Facility Agreement

Creditors’ process. Any expropriation, attachment, sequestration, distress or execution affects any asset or assets of a member of the Borrower Group having with respect to any member of the Group, an aggregate value of $250,000 or more £50,000 and is not discharged within seven 21 days.

Appears in 1 contract

Sources: Facility Agreement (Utah Medical Products Inc)

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 $USD 250,000 or more and is not discharged within seven 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 an Obligor or a member Material Subsidiary of the Group having with respect to any member of the Group, an aggregate value of $250,000 or more £10,000,000 and which is not discharged within seven 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 with respect to any member of the Group, an aggregate value of $250,000 or more EUR 5,000,000 and is not discharged within seven 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 with respect to any member of the Group, an aggregate value of $EUR 250,000 or more (or any event occurs which under the laws of any jurisdiction has a similar or analogous effect) and the same is not discharged within seven 14 days.

Appears in 1 contract

Sources: Multipurpose Facilities Agreement (SunOpta Inc.)