Common use of Possible Attachment Clause in Contracts

Possible Attachment. In the event of a possible attachment by a third party of any of the Receivables, the Pledgor shall, at its own expense, (i) promptly notify the Pledgee and send it or its attorneys a copy of the relevant attachment documentation as well as all other documents required under applicable law for challenging the attachment (if possible), (ii) notify the third party or the court process server acting on behalf of such third party in writing of the Pledgee’s interest in the relevant Receivables, and (iii) take such measures as reasonably may be required to protect the Pledgee’s interest in the relevant Receivables. All costs and expenses incurred by the Pledgee in taking such measures itself shall be for the account of the Pledgor.