Common use of Uninsured Losses; Proceedings Against Assets Clause in Contracts

Uninsured Losses; Proceedings Against Assets. The assets of the Borrower or the assets of any Subsidiary of the Borrower are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);

Appears in 7 contracts

Samples: Continuing Covenant Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Uninsured Losses; Proceedings Against Assets. The Any assets of the Borrower or the assets of any Subsidiary of the Borrower its Subsidiaries are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts)thereafter;

Appears in 2 contracts

Samples: Credit Agreement (Champion Industries Inc), Revolving Credit Agreement (Champion Industries Inc)

Uninsured Losses; Proceedings Against Assets. The assets Any of the Borrower Borrowers’ or the any of their Subsidiaries’ assets of any Subsidiary of the Borrower are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts)thereafter;

Appears in 2 contracts

Samples: Credit Agreement (Cincinnati Financial Corp), Credit Agreement (Cincinnati Financial Corp)

Uninsured Losses; Proceedings Against Assets. The assets Any of the Borrower Borrowers’ or the any of their Subsidiaries’ assets of any Subsidiary of the Borrower are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);thereafter; 8.1.9

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

Uninsured Losses; Proceedings Against Assets. The assets of the Borrower or the assets of any Subsidiary of the Borrower are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) PRNI 645261v4 days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

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Uninsured Losses; Proceedings Against Assets. The assets of the Borrower or the assets of any Subsidiary of the Borrower are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts);

Appears in 1 contract

Samples: Credit Facility Agreement (New Jersey Resources Corp)

Uninsured Losses; Proceedings Against Assets. The assets Collateral or any other of the Borrower or the Borrower’s assets in excess of any Subsidiary of the Borrower $1,000,000 are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts)thereafter;

Appears in 1 contract

Samples: Loan and Security Agreement (Wells Core Office Income Reit Inc)

Uninsured Losses; Proceedings Against Assets. The assets Any of the Borrower Borrower’s or the any of its Subsidiaries’ assets of any Subsidiary of the Borrower are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or assignee for the benefit of creditors creditors), in connection with an obligation exceeding $1,000,000 and the same is not cured within thirty (30) days thereafter or otherwise fully bonded or covered by insurance (subject to reasonable and customary deductible amounts)thereafter;

Appears in 1 contract

Samples: Credit Agreement (Excelsior Lasalle Property Fund Inc)

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