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

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction (other than in the ordinary course of business or the write down or write off of assets, inventory or accounts receivable in the ordinary course of business) of any of the Collateral in excess of $5,000,000 or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ material assets 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;

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction (other than in the ordinary course of business or the write down or write off of assets, inventory or accounts receivable in the ordinary course of business) of any of the Collateral in excess of One Million Six Hundred Fifty Thousand and 00/100 Dollars ($5,000,000 1,650,000.00), or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ material assets are attached, seized, levied upon or subjected to a writ or distress warrant; or such come within the possession of any receiver, manager, receiver and manager, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter;; or

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction (other than in the ordinary course of business or the write down or write off of assets, inventory or accounts receivable in the ordinary course of business) of any of the Collateral in excess of $5,000,000 2,500,000 (it being understood that the amount of deductibles payable in connection with such claim shall not be included in such threshold) or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ material assets in excess of $2,500,000 in the aggregate 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) 30 days thereafter;.

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction (other than in the ordinary course of business or the write down or write off of assets, inventory or accounts receivable in the ordinary course of business) of any of the Collateral in excess of $5,000,000 or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ material assets in excess of Ten Million and 00/100 Dollars ($10,000,000.00) or any of the Loan Parties’ or any of their Subsidiaries’ assets with a value in excess of Ten Million and 00/100 Dollars ($10,000,000.00) 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 sixty (3060) days thereafter;

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction (other than in the ordinary course of business or the write down or write off of assets, inventory or accounts receivable in the ordinary course of business) of any of the Collateral assets in excess of $5,000,000 or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ material assets are attached, seized, levied upon or subjected to a writ or distress warrantwarrant and such attachment, seizure or levy, writ or distress warrant is not discharged or stayed within thirty (30) days thereafter; or such come within the DMEAST #35945034 v12 85 possession of any receiver, trustee, custodian or assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter;

Uninsured Losses; Proceedings Against Assets. There shall occur any material uninsured damage to or loss, theft or destruction (other than in the ordinary course of business or the write down or write off of assets, inventory or accounts receivable in the ordinary course of business) of any of the Collateral assets in excess of $5,000,000 or the Collateral or any other of the Loan Parties’ or any of their Subsidiaries’ material assets are attached, seized, levied upon or subjected to a writ or distress warrantwarrant and such attachment, seizure or DMFIRM #404836892 v17 100 levy, writ or distress warrant is not discharged or stayed within thirty (30) days thereafter; 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;