Common use of Execution Process Clause in Contracts

Execution Process. If any Person shall issue any execution or distraint process against the Collateral or any other property of any Credit Party and such execution or distraint shall continue unsatisfied and in effect for a period of thirty (30) consecutive days without being vacated, discharged, satisfied or bonded pending appeal;

Execution Process. If any Person shall issue any execution or distraint process against the Collateral or any other property of any Credit Party Borrower and such execution or distraint shall continue unsatisfied and in effect for a period of thirty (30) consecutive days without being vacated, discharged, satisfied or bonded pending appeal;