Seizure of Property. Any court or Governmental Authority shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Company and its Subsidiaries that, when taken together with all other Property of the Company and its Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve month period ending with the month in which any such action occurs, has a book value of $225,000,000 or more.
Appears in 2 contracts
Samples: Credit Agreement (Clarcor Inc.), Credit Agreement (Clarcor Inc.)
Seizure of Property. Any court court, government or Governmental Authority governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Company Borrower and its Subsidiaries thator any Obligor which, when taken together with all other Property of the Company Borrower and its Subsidiaries or any Obligor so condemned, seized, appropriated, or taken custody or control of, during the twelve twelve-month period ending with the month in which any such action occurs, has a book an aggregate value in excess of $225,000,000 or more1,000,000.
Appears in 2 contracts
Samples: Credit Agreement (American Plumbing & Mechanical Inc), Credit Agreement (Miller Mechanical Contractors Inc)
Seizure of Property. Any court or Governmental Authority shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Company Borrower and its Subsidiaries that, when taken together with all other Property of the Company Borrower and its Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve month period ending with the month in which any such action occurs, has a book value of $225,000,000 or more.
Appears in 2 contracts
Samples: Credit Agreement (Clarcor Inc.), Credit Agreement (Clarcor Inc.)
