Common use of Involuntary Lien Clause in Contracts

Involuntary Lien. The filing or commencement of any involuntary Lien, garnishment, attachment or the like shall be issued against or with respect to the Collateral.

Appears in 6 contracts

Sources: Loan and Security Agreement (SLS International Inc), Loan Agreement (Karts International Inc), Loan Agreement (Karts International Inc)

Involuntary Lien. The filing or commencement of any involuntary Lienlien, garnishment, attachment or the like shall be issued against or with respect to the Collateral.

Appears in 4 contracts

Sources: Pledge Agreement (Seair Group Inc), Security Agreement (Karts International Inc), Revolving Account Transfer and Purchase Agreement (Oryx Technology Corp)

Involuntary Lien. The filing or commencement of any ------------------ involuntary Lienlien, garnishment, attachment or the like shall be issued against or with respect to the Collateral.

Appears in 1 contract

Sources: Security Agreement (UC Hub Group Inc)

Involuntary Lien. The filing or commencement of any involuntary Lienlien, garnishment, attachment or the like shall be issued against or with respect to the CollateralCollateral which the Borrower and/or Pledgor is not contesting in good faith.

Appears in 1 contract

Sources: Note Purchase Agreement (Obsidian Enterprises Inc)

Involuntary Lien. The filing or commencement of any involuntary Lienlien, garnishment, attachment or the like shall be issued against or with respect to the CollateralCollateral which the Debtor is not contesting in good faith.

Appears in 1 contract

Sources: Note Purchase Agreement (Obsidian Enterprises Inc)

Involuntary Lien. The filing or commencement of any ----------------- involuntary Lienlien, garnishment, attachment or the like shall be issued against or with respect to the Collateral.,

Appears in 1 contract

Sources: Security Agreement (UC Hub Group Inc)

Involuntary Lien. The filing or commencement of any involuntary Lien, garnishment, garnishment attachment or the like shall be issued against or with respect to the CollateralCollateral which the Borrower is not contesting in good faith.

Appears in 1 contract

Sources: Note Purchase Agreement (Obsidian Enterprises Inc)