Writ of Execution Sample Clauses
A Writ of Execution is a legal order that authorizes the enforcement of a court judgment, typically by allowing the seizure and sale of a debtor's property to satisfy a monetary award. In practice, once a judgment is entered against a party who fails to pay, the prevailing party can request this writ from the court, which is then delivered to law enforcement to carry out the asset seizure. This clause ensures that court judgments are not merely symbolic but can be practically enforced, providing a mechanism for creditors to recover what is owed to them.
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Writ of Execution. Council may instruct its debt recovery service provider to apply for a Writ of Execution so as to enable a Sheriff to attempt seizure of goods owned by the Building Owner, which may be sold to satisfy part or all of the judgement debt.
Writ of Execution no action has been taken or threatened to be taken to seize or take possession of any of the assets of the Borrower or any of its Material Subsidiaries and there are no unsatisfied judgments against it or any of its Material Subsidiaries nor has any sequestration order been made or writ of execution issued against any of their respective assets;
Writ of Execution. No writ of execution has issued against the Seller.
Writ of Execution. Council may apply for a Writ of Execution so as to enable a Sheriff to attempt seizure of goods owned by the Building Owner which may be sold to satisfy part or all of the judgment debt.