Executions. Assets of any Credit Party with a fair market value of US$5,000,000 thereof or more shall be attached, seized, levied upon or subjected to execution, garnishment, distress or any other similar process, or come within the possession of any receiver, trustee, custodian, liquidator, administrator, sequestrator, sheriff, bailiff or assignee for the benefit of creditors of any Credit Party and such condition continues for thirty (30) days or more.
Appears in 1 contract
Sources: Credit and Guarantee Agreement (Lithium Americas Corp.)
Executions. Assets of any Credit Party with a fair market value of US$5,000,000 C$500,000 or the Equivalent Amount thereof or more shall be attached, seized, levied upon or subjected to execution, garnishment, distress or any other similar process, or come within the possession of any receiver, trustee, custodian, liquidator, administrator, sequestrator, sheriff, bailiff or assignee for the benefit of creditors of any Credit Party and such condition continues for thirty (30) days or more.
Appears in 1 contract
Sources: Credit and Guarantee Agreement (Kaiser Francis Oil Co)