Common use of Security Realization Clause in Contracts

Security Realization. Any third-party security realization occurs against property of Parent, any Borrower or any of its Material Subsidiary having an aggregate net equity value in an aggregate amount after the Closing Date in excess of $200,000,000, which realization shall continue and not be released, discharged, vacated, stayed or bonded within the lesser of 30 days and the period of time prescribed under applicable laws for completion of such realization (excluding any Specified Property or Capital Stock of a Person all or substantially all of whose assets comprise any Specified Property); or

Security Realization. Any third-party security realization occurs against property of Parent, any Borrower or any of its Material Subsidiary having an aggregate net equity value in an aggregate amount after the Amendment Closing Date in excess of $200,000,000, which realization shall continue and not be released, discharged, vacated, stayed or bonded within the lesser of 30 days and the period of time prescribed under applicable laws for completion of such realization (excluding any Specified Property or Capital Stock of a Person all or substantially all of whose assets comprise any Specified Property); or