Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of a notice of Lien (other than Permitted Encumbrances), levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or Receivables in an amount in excess of $1,500,000 or (b) against a material portion of any Borrower’s Collateral, in each case which is not stayed or lifted within sixty (60) days;

Judicial Actions. Issuance of a notice of Lien (other than Permitted Encumbrances)Lien, levy, assessment, injunction or attachment (a) against any portion of any Borrower’s Inventory 's or Receivables in any Guarantor's property with an aggregate amount in excess of $1,500,000 12,5,000,000 or (b) against a material portion all Borrowers or Guarantors for an aggregate amount 162 -- in excess of any Borrower’s Collateral, in each case $22,5,000,000 which is not stayed or lifted within sixty thirty (6030) daysdays and which is not being Properly Contested;

Judicial Actions. Issuance of a notice of Lien (other than Permitted Encumbrances)Lien, levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or Guarantor’s Inventory, Receivables or Credit Card Receivables in an amount in excess of $1,500,000 5,000,000, individually or in the aggregate, or (b) against a material portion of any Borrower’s Collateral, in each case or Guarantor’s other property which is not stayed or lifted within sixty (60) days;