Common use of JUDGEMENT Clause in Contracts

JUDGEMENT. A final judgement or order for the payment of money in excess of $5,000,000 (or its equivalent in other currencies at then current rates of exchange) is rendered against the Borrower or its properties and such judgement or order shall continue unsatisfied or unstayed for a period of 15 consecutive days.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Clearwave N V), Loan Agreement (Clearwave N V)

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