Common use of Final Judgments Clause in Contracts

Final Judgments. If a final judgment or judgments or any order is entered against one or more Enerplus Parties (other than in respect of Non Recourse Debt permitted hereunder) in an aggregate amount equal to or greater than the Threshold Amount, which remains unsatisfied or undischarged for a period of 30 days during which such judgment shall not be an appeal or execution thereof will not be effectively stayed.

Appears in 1 contract

Sources: Credit Agreement (ENERPLUS Corp)

Final Judgments. If a final judgment or judgments or any order is entered against one or more Enerplus Parties (other than in respect of Non Non-Recourse Debt permitted hereunder) in an ​ ​ ​ aggregate amount equal to or greater than the Threshold Amount, which remains unsatisfied or undischarged for a period of 30 days during which such judgment shall not be an appeal or execution thereof will not be effectively stayed.

Appears in 1 contract

Sources: Term Credit Agreement (ENERPLUS Corp)

Final Judgments. If a final judgment or judgments or any order is entered against one or more Enerplus Parties (other than in respect of Non Non-Recourse Debt permitted hereunder) in an aggregate amount equal to or greater than the Threshold Amount, which remains unsatisfied or undischarged for a period of 30 days during which such judgment shall not be an appeal or execution thereof will not be effectively stayed.

Appears in 1 contract

Sources: Credit Agreement (ENERPLUS Corp)