Common use of Judgments; Attachments Clause in Contracts

Judgments; Attachments. Any money judgment, writ or warrant of attachment, or similar process shall be entered or filed against Borrower or any of its assets, which judgment, writ or warrant of attachment or similar process will have a material adverse effect on the financial condition, operations and business of Borrower and which remains unvacated, unbonded, or unstayed for a period of 30 days or in any event later than five days prior to the day of any proposed sale or execution under such judgment, writ, warrant of attachment or similar process.

Appears in 2 contracts

Samples: Terms and Agreement (National Insurance Group /Ca/), National Insurance Group /Ca/

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Judgments; Attachments. Any money judgment, writ or warrant of attachment, ---------------------- or similar process shall be entered or filed against Borrower or any of its assets, which judgment, writ or warrant of attachment or similar process will have a material materially adverse effect on the financial condition, operations and business of Borrower and which remains unvacated, unbonded, or unstayed for a period of 30 thirty (30) days or in any event later than five (5) days prior to the day of any proposed sale or execution under such judgment, writ, warrant of attachment or similar process.

Appears in 1 contract

Samples: Antidilution Agreement (Anchor Pacific Underwriters Inc)

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Judgments; Attachments. Any money judgment, writ or warrant of attachment, or similar process shall be entered or filed against Borrower or Guarantor or any of its assets, which judgment, writ or warrant of attachment or similar process will have a material adverse effect on the financial condition, operations and business of Borrower or Guarantor and which remains unvacated, unbonded, unbonded or unstayed for a period of 30 days or in any event later than five days prior to the day of any proposed sale or execution under such judgment, writ, warrant of attachment or similar process.

Appears in 1 contract

Samples: National Insurance Group /Ca/

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