Common use of Final Judgments or Orders Clause in Contracts

Final Judgments or Orders. Any judgment or judgments are rendered against any Borrower in an aggregate amount in excess of $1,000,000 or against all Borrowers in an aggregate amount in excess of $2,000,000 and (i) enforcement proceedings shall have been commenced by a creditor upon such judgment, (ii) there shall be any period of thirty (30) consecutive days during which the same shall remain undischarged and a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, shall not be in effect, or (iii) any such judgment results in the creation of a Lien upon any of the Collateral (other than a Permitted Encumbrance);

Final Judgments or Orders. Any judgment or judgments are rendered against any Borrower in an aggregate amount in excess of $1,000,000 or against all Borrowers in an aggregate amount in excess 50,000,000 (to the extent not covered by independent third party insurance as to which the insurer has been notified of $2,000,000 such judgment and has not denied coverage) and (i) enforcement proceedings shall have been commenced by a creditor upon such judgment, (ii) there shall be any period of thirty (30) consecutive days during which the same shall remain undischarged and a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, shall not be in effect, or (iii) any such judgment results in the creation of a Lien upon any of the Collateral (other than a Permitted EncumbranceLien);

Final Judgments or Orders. Any judgment or judgments are rendered against any Borrower in an aggregate amount in excess of $1,000,000 5,000,000 or against all Borrowers in an aggregate amount in excess of $2,000,000 10,000,000 and (i) enforcement proceedings shall have been commenced by a creditor upon such judgment, (ii) there shall be any period of thirty (30) consecutive days during which the same shall remain undischarged and a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, shall not be in effect, or (iii) any such judgment results in the creation of a Lien upon any of the Collateral (other than a Permitted Encumbrance);