Common use of Judgements Clause in Contracts

Judgements. One or more enforceable judgments for the payment of money in an aggregate amount in excess of $35,000,000 (to the extent not covered by insurance as to which the insurer has been notified of such judgment or order and has not denied its obligation) shall be rendered against any Loan Party or any combination thereof and the same shall remain unpaid, undischarged, unvacated, unbonded or unstayed pending appeal for a period of 60 consecutive days;