Adverse Judgments Clause Samples
The Adverse Judgments clause defines the parties' obligations and procedures in the event that a court or regulatory body issues a judgment or order that negatively affects the agreement or the parties' ability to perform under it. Typically, this clause requires the affected party to promptly notify the other party of any such judgment and may outline steps for appealing, complying with, or mitigating the impact of the decision. Its core function is to ensure transparency and coordinated action when legal challenges arise, thereby managing risk and minimizing disruption to the contractual relationship.
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Adverse Judgments. There are no judgments or outstanding orders, injunctions, decrees, stipulations or awards (whether rendered by a Governmental Authority or by an arbitrator) against Seller (or affecting any of the Property) that prohibit or restrict or could reasonably be expected to result in any material delay of the consummation of the transactions contemplated by the Transaction Documents.
Adverse Judgments. To the Knowledge of the PC Entities, there are no judgments or outstanding orders, injunctions, decrees, stipulations or awards (whether rendered by a Governmental Authority or by an arbitrator) against Plum Creek or PC Member (or affecting any of the Timberlands) that prohibit or restrict or could reasonably be expected to result in any material delay of the consummation of the transactions contemplated by this Agreement or the Ancillary Agreements or would reasonably be expected to have a Material Adverse Effect on the Timberlands.
Adverse Judgments. As of the date hereof, to the actual knowledge of the Company, there are no judgments or outstanding orders, injunctions, decrees, stipulations or awards (whether rendered by a Governmental Authority or by an arbitrator) against the Company or its properties that prohibit or restrict or could reasonably be expected to result in any material delay of the consummation of the transactions contemplated by this Agreement or the Ancillary Agreements or would reasonably be expected to have a material adverse effect on the Company’s financial condition or results of operation or on its ability to perform its obligations under this Agreement and the Ancillary Agreements to which it is a party.
Adverse Judgments. There are no judgments or outstanding orders, injunctions, decrees, stipulations or awards (whether rendered by a Governmental Authority or by an arbitrator) against Seller (or affecting any of the Timberlands) that prohibit or restrict or could reasonably be expected to result in any material delay of the consummation of the transactions contemplated by this Agreement or the Ancillary Agreements.
Adverse Judgments. The rendering of a final judgment for the payment of money the uninsured portion of which is in excess of $1,000,000 by any court of competent jurisdiction against Debtor, and the same is not discharged or execution thereunder stayed, whether pursuant to appeal or otherwise, within sixty (60) days of the entry thereof.
Adverse Judgments. Any court shall render a final judgment or judgments against the Borrower or any Subsidiary in an aggregate amount of $5,000,000 or more in excess of any insurance protecting against such liability and such judgment or judgments shall not be satisfactorily appealed, stayed, discharged, vacated or set aside within thirty (30) days after entry; or any property of the Borrower or any Subsidiary shall be attached under a claim or claims in an aggregate amount of $5,000,000 or more in excess of any insurance protecting against the liabilities on which such attachments are based and such attachments shall not be released or provided for to the satisfaction of the Banks within thirty (30) days.
Adverse Judgments. Should one or more judgments be entered against Company involving in the aggregate a liability (not paid or fully covered by insurance) of $30,000.00 or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within sixty (60) days from the entry thereof;
Adverse Judgments. If final judgment for the payment of money in excess of $25,000 per Pledgor or $100,000 in the aggregate for all Pledgors shall have been rendered by any court of competent jurisdiction against the Pledgors and the same shall not have been discharged or execution thereunder stayed, whether pursuant to appeal or otherwise, within thirty (30) days of the entry of thereof, or if any final order, ruling or direction of any competent authority is issued in a proceeding with respect to the Pledgors which materially adversely affects the Pledgors, or which requires a substantial or material adverse change in the business or affairs of the Pledgors.
Adverse Judgments. If one or more final and non-appealable judgments for the payment of money aggregating in excess of Redacted shall be rendered against a Loan Party and such Loan Party shall fail to discharge or stay enforcement of the same within 20 Business Days from the date of notice of entry thereof;
Adverse Judgments. A final judgment of a court of competent jurisdiction in the United States or Canada for the payment of money in excess of US$50 million (or the Equivalent Amount of any other currency) shall be rendered against Inco or Falconbridge and such judgment shall continue unsatisfied and in effect for a period of more than thirty (30) consecutive days from the date of its entry and shall not have been stayed or suspended, by pendency of an appeal or otherwise, during such period; or