Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of any Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $10,000,000 (for all such Inventory or Receivables) or against a material portion of any Borrower’s other property that is not a Permitted Encumbrance which is not stayed or lifted within sixty (60) days;

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Emerge Energy Services LP), Credit and Security Agreement (Emerge Energy Services LP), Credit and Security Agreement

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Judicial Actions. Issuance of any Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $10,000,000 5,000,000 (for all such Inventory or Receivables) or against a material portion of any Borrower’s other property that is not a Permitted Encumbrance which is not stayed or lifted within sixty (60) days;

Appears in 3 contracts

Samples: Credit and Security Agreement (Emerge Energy Services LP), Credit and Security Agreement (Emerge Energy Services LP), Credit and Security Agreement (Emerge Energy Services LP)

Judicial Actions. Issuance of any Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate a value in excess of $10,000,000 (for all such Inventory or Receivables) 1,000,000 or against a material portion of any Borrower’s other property that is not a Permitted Encumbrance which is not stayed or lifted within sixty (60) days;

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Emerge Energy Services LP)

Judicial Actions. Issuance of any Lien, levy, assessment, injunction or attachment against any Borrower’s Equipment, Inventory or Receivables with an aggregate a value in excess of $10,000,000 (for all such Inventory or Receivables) 15,000,000 or against a material portion of any Borrower’s other property that is not a Permitted Encumbrance which is not stayed or lifted within sixty (60) days;

Appears in 1 contract

Samples: Security Agreement (Mammoth Energy Services, Inc.)

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Judicial Actions. Issuance of any Lien, levy, assessment, injunction or attachment against any Borrower’s Inventory or Receivables with an aggregate value in excess of $10,000,000 5,750,000 (for all such Inventory or Receivables) or against a material portion of any Borrower’s other property that is not a Permitted Encumbrance which is not stayed or lifted within sixty (60) days;

Appears in 1 contract

Samples: Credit and Security Agreement (Emerge Energy Services LP)

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