Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 or against a material portion of any Borrower’s other property;

Appears in 4 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)

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Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment involving $10,000 or more against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 or against a material portion of any Borrower’s other property;

Appears in 1 contract

Samples: Security Agreement (Sparton Corp)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 500,0002,500,000 or against a material portion of any Borrower’s other property;

Appears in 1 contract

Samples: Credit and Security Agreement (ARKO Corp.)

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Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $500,000 or against a material portion of any Borrower’s other property;

Appears in 1 contract

Samples: Credit and Security Agreement (Horizon Offshore Inc)

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