Common use of Security Realization Clause in Contracts

Security Realization. If creditors of any of the Loan Parties having a Lien against or in respect of the assets thereof, or any part thereof, realize upon or enforce any such security against such assets or any part thereof having an aggregate fair market value in excess of the $50,000 and such realization or enforcement shall continue in effect and not be released, discharged or stayed within the lesser of thirty (30) days and the period of time prescribed under Applicable Law for the completion of the sale of or realization against the assets subject to such seizure or attachment; or

Security Realization. If if creditors of Companies or any of the other Loan Parties Party having a Lien against or in respect of the assets thereofany of its Collateral, or any part thereof, realize upon or enforce any such security against such assets Collateral or any part thereof having an aggregate fair market value in excess of the $50,000 Threshold Amount and such realization or enforcement shall continue in effect and not be released, discharged or stayed within the lesser of thirty (30) 30 days and the period of time prescribed under Applicable Law applicable laws for the completion of the sale of or realization against the assets subject to such seizure or attachment; or;