Common use of Judicial Actions Clause in Contracts

Judicial Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Credit Party’s Inventory, Receivables or other property having an aggregate value in excess of $250,000 that is not stayed or lifted within thirty (30) days;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Security Agreement (Virco MFG Corporation)

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Judicial Actions. Issuance of a notice of any Lien, levy, assessment, injunction or attachment against any Credit Party’s Inventory, Inventory or Receivables or other property having an aggregate with a value in excess of $250,000 that 1,000,000, in each case, which is not stayed or lifted within thirty (30) days;

Appears in 2 contracts

Samples: Guaranty Agreement (Drilling Tools International Corp), Guaranty Agreement (ROC Energy Acquisition Corp.)

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Judicial Actions. Issuance of a notice of any Lien, levy, assessment, injunction or attachment against any Credit Party’s Inventory, Inventory or Receivables or other property having with an aggregate value in excess of $250,000 2,500,000 (for all such Inventory or Receivables) or against a material portion of any Credit Party’s other property that is not a Permitted Encumbrance which is not stayed or lifted within thirty sixty (3060) days;

Appears in 1 contract

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

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