Execution and Attachment. A writ of execution or attachment or any similar process shall be issued or levied against all or any part of or interest in any of the properties or assets of Borrower or any Subsidiary which shall have a Material Adverse Effect, or any judgment involving monetary damages shall be entered against Borrower or any Subsidiary which shall become a Lien on its properties or assets or any portion thereof or interest therein, which shall have a Material Adverse Effect, and such execution, attachment or similar process is not released, bonded, satisfied, vacated or stayed within thirty (30) days after its entry or levy;
Appears in 2 contracts
Sources: Term Loan Agreement (Universal Insurance Holdings, Inc.), Revolving Loan Agreement (Universal Insurance Holdings, Inc.)
Execution and Attachment. A writ of execution or attachment or any similar process shall be issued or levied against all or any part of or interest in any of the properties or assets of Borrower or Borrower, any Subsidiary or Guarantor which shall have a Material Adverse Effect, or any judgment involving monetary damages shall be entered against Borrower or Borrower, any Subsidiary or Guarantor which shall become a Lien on its properties or assets or any portion thereof or interest therein, which shall have a Material Adverse Effect, and such execution, attachment or similar process is not released, bonded, satisfied, vacated or stayed within thirty (30) days after its entry or levy;
Appears in 2 contracts
Sources: Revolving Loan Agreement (Viggle Inc.), Term Loan Agreement (Viggle Inc.)
Execution and Attachment. A writ of execution or attachment or any similar process shall be issued or levied against all or any part of or interest in any of the properties or assets of Borrower or any Subsidiary Guarantor which shall have a Material Adverse Effect, or any judgment involving monetary damages shall be entered against Borrower or any Subsidiary Guarantor which shall become a Lien on its properties or assets or any portion thereof or interest therein, which shall have a Material Adverse Effect, and such execution, attachment or similar process is not released, bonded, satisfied, vacated or stayed within thirty (30) days after its entry or levy;
Appears in 1 contract
Sources: Letter of Credit and Reimbursement Agreement (SFX Entertainment, INC)