Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 15 contracts

Samples: Security Agreement (UniTek Global Services, Inc.), Security Agreement (Gaiam, Inc), Security Agreement (Enservco Corp)

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Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) daysproperty;

Appears in 11 contracts

Samples: Credit and Security Agreement (Green Plains Inc.), Revolving Creditandsecurity Agreement (TCP International Holdings Ltd.), Credit and Security Agreement (Green Plains Inc.)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or Receivables or (b) against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days; in each case, involving amounts in excess of $5,000,000;

Appears in 4 contracts

Samples: Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 4 contracts

Samples: Security Agreement (Research Pharmaceutical Services, Inc.), Revolving Credit and Security Agreement (Johnson Outdoors Inc), Security Agreement (Research Pharmaceutical Services, Inc.)

Judicial Actions. Issuance Except with respect to Permitted Encumbrances, the issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 3 contracts

Samples: Revolving Credit Agreement (Crystal River Capital, Inc.), Revolving Credit Agreement (Crystal River Capital, Inc.), Revolving Credit Agreement (Crystal River Capital, Inc.)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty forty-five (3045) days;

Appears in 2 contracts

Samples: Security Agreement (Hudson Technologies Inc /Ny), Security Agreement (Berliner Communications Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or Receivables or (b) against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days; in each case, involving amounts in excess of $5,000,00010,000,000;

Appears in 2 contracts

Samples: Loan and Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s 's Inventory or Receivables or against a material portion of any Borrower’s 's other property which is not stayed or lifted within thirty (30) days;

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Air Industries Group, Inc.), Security Agreement (Ashlin Development Corp)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any the Borrower’s Inventory or Receivables or against a material portion of any the Borrower’s other property property, other than Permitted Encumbrances, which is not stayed or lifted within thirty (30) days;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp), Revolving Credit and Security Agreement (Horsehead Holding Corp)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 2 contracts

Samples: Security Agreement (Amrep Corp.), Security Agreement (Kitty Hawk Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or any Guarantor’s Inventory, Receivables or Credit Card Receivables or (b) against a material portion of any Borrower’s or any Guarantor’s other property which is not stayed or lifted within thirty forty-five (3045) days;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Build-a-Bear Workshop Inc), Revolving Credit and Security Agreement (Build a Bear Workshop Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment (in each case, other than a Permitted Lien) against (x) any material portion of any Borrower’s Inventory Accounts, or Receivables or (y) against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Loan and Security Agreement (Teletouch Communications Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any the Borrower’s 's Inventory or Receivables or against a material portion of any the Borrower’s 's other property property, other than Permitted Encumbrances, which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (Horsehead Holding Corp)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment (a) against any Borrower’s Inventory or Receivables or (b) against a material portion of any Borrower’s other property which is not stayed remains unreleased or lifted within unstayed for a period of thirty (30) days;

Appears in 1 contract

Samples: Collateral Pledge Agreement (Universal Logistics Holdings, Inc.)

Judicial Actions. Issuance of a notice of LienLien (other than a ---------------- Permitted Encumbrance), levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other 's property which is not stayed or lifted within thirty forty (3040) days;

Appears in 1 contract

Samples: Air Methods Corp

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed stayed, discharged or lifted within thirty (30) days, or otherwise being contested in good faith;

Appears in 1 contract

Samples: Credit and Security Agreement (Input Output Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s, or any of their respective Subsidiary’s Inventory or Receivables or against a material portion of any Borrower’s, or any of their respective Subsidiary’s other property which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed stayed, discharged or lifted within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (Presstek Inc /De/)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any a material portion of Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty sixty (3060) days;

Appears in 1 contract

Samples: Security Agreement (Apac Customer Service Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any material portion of Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted or bonded within thirty forty-five (3045) days;

Appears in 1 contract

Samples: Security Agreement (P&f Industries Inc)

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Judicial Actions. Issuance of a notice of Lienlien, levy, assessment, injunction or attachment (a) against any BorrowerPurchaser’s Inventory assets, other than the liens granted pursuant to the Seller Transaction Documents or Receivables or (b) against a material portion of any BorrowerPurchaser’s other property which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Installment Sale Agreement (KonaTel, Inc.)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty forty-five (3045) days;

Appears in 1 contract

Samples: Security Agreement (Hybrook Resources Corp.)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (Intelligroup Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment in excess of $250,000 against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (Goodman Networks Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty forty-five (3045) daysdays except as otherwise permitted herein;

Appears in 1 contract

Samples: Security Agreement (Integrated Biopharma Inc)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment (a) against any Borrower’s or Guarantor’s Inventory or Receivables or (b) against a material portion of any Borrower’s or Guarantor’s other property which which, in either case, is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (Quality Gold Holdings, Inc.)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables Collateral or against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (NYTEX Energy Holdings, Inc.)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Credit Parties’ Inventory or Receivables or against a material portion of any Borrower’s Borrowers’ other property which is not stayed or lifted within thirty forty-five (3045) days;

Appears in 1 contract

Samples: Security Agreement (Hudson Technologies Inc /Ny)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed stayed, lifted, or lifted bonded within thirty (30) days;

Appears in 1 contract

Samples: Security Agreement (Empeiria Acquisition Corp)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment (a) against any Borrower’s Inventory inventory or Receivables or (b) against a material portion of any Borrower’s other property which is not stayed or lifted within thirty (30) days;

Appears in 1 contract

Samples: Loan and Security Agreement (Boomerang Systems, Inc.)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which is not stayed stayed, lifted, or lifted bonded within thirty (30) days30 days after the later of the date it first arises or five days prior to the date on which such property or asset is subject to forfeiture by such Borrower;

Appears in 1 contract

Samples: Intercreditor Agreement (Empeiria Acquisition Corp)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other 's property which is not stayed or lifted within thirty (30) daysdays and which is not being Properly Contested;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP)

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables or against a material portion of any Borrower’s other property which property, which, in any such case, is not stayed or lifted released within thirty ten (3010) daysBusiness Days after the occurrence of such event;

Appears in 1 contract

Samples: Security Agreement (Katy Industries Inc)

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