OfficeMax 2013 Annual Report Download - page 288

(B) a composition, compromise, assignment or arrangement with any creditor of any member of the European Group (other than
any Immaterial Subsidiary);
(C) the appointment of a liquidator, receiver, administrative receiver, administrator, examiner, compulsory manager or other similar
officer in respect of any member of the European Group (other than any Immaterial Subsidiary) or any of its assets; or
(D) enforcement of any Lien over any assets of any member of the European Group (other than any Immaterial Subsidiary),
or any analogous procedure or step is taken with respect to any member of the European Group (other than any Immaterial Subsidiary) or
its assets in any applicable jurisdiction;
(iii) any expropriation, attachment, sequestration, distress or execution or any analogous process in any jurisdiction affects any asset or
assets of a member of the European Group (other than any Immaterial Subsidiary) having an aggregate value of $10,000,000 and is not
discharged within 30 days;
(i) (i) any Loan Party or any Subsidiary (other than an Immaterial Subsidiary) of a Loan Party (other than a member of the European Group)
shall (A) voluntarily commence any proceeding, file any petition, pass any resolution or make any application seeking liquidation, reorganization,
administration or other relief under any Insolvency Law now or hereafter in effect, (B) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or petition described in paragraph (h) of this Article, (C) apply for or consent to the appointment of a receiver,
interim receiver, receiver and manager, liquidator, assignee, trustee, custodian, sequestrator, administrator, examiner, conservator or similar official for
such Loan Party or any such Subsidiary of a Loan Party or for a substantial part of its assets, (D) file an answer admitting the material allegations of a
petition filed against it in any such proceeding, (E) make a general assignment for the benefit of creditors or (F) take any action for the purpose of
effecting any of the foregoing;
(ii) any member of the European Group (other than any Immaterial Subsidiary) is unable or admits inability to pay its debts as they fall
due or is deemed to or declared to be unable to pay its debts under applicable law, suspends or threatens to suspend making payments on any of
its debts or, by reason of actual or anticipated financial difficulties, commences negotiations with one or more of its creditors with a view to
rescheduling any of its indebtedness;
(iii) the value of the assets of any member of the European Group (other than any Immaterial Subsidiary) is less than its liabilities (taking
into account contingent and prospective liabilities);
(iv) a moratorium is declared in respect of any indebtedness of any member of the European Group (other than any Immaterial Subsidiary)
(if a moratorium occurs, the ending of the moratorium will not cure any Event of Default caused by that moratorium);
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