Common use of Judgment and Attachments Clause in Contracts

Judgment and Attachments. Any money judgment, writ or warrant of attachment, or similar process (other than those described elsewhere in this subsection 6.1) involving (1) an amount in any individual case in excess of $1,000,000 (or the equivalent thereof in another currency) or (2) an amount in the aggregate at any time in excess of $2,000,000 (or the equivalent thereof in another currency) (in either case to the extent not adequately covered by insurance as to which the insurance company has acknowledged coverage) is entered or filed against Borrower or any of its Restricted Subsidiaries or any of their respective assets and remains undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days or in any event later than five (5) Business Days prior to the date of any proposed sale thereunder; or

Appears in 4 contracts

Samples: Credit Agreement (Portola Packaging Inc), Petition Credit Agreement (Portola Packaging Inc), Credit Agreement (Portola Packaging Inc)

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Judgment and Attachments. Any money judgment, writ or warrant of attachment, attachment or similar process (other than those described elsewhere in this subsection 6.1Subsection 6.1(H)) involving (1) an amount in any individual case in excess of $1,000,000 (or the equivalent thereof in another currency) or (2) an amount in the aggregate for or against Borrower, its Subsidiaries and/or any Guarantor at any time in excess of $2,000,000 (or the equivalent thereof in another currency) 500,000 (in either case to the extent not adequately covered by insurance as to which the insurance company has acknowledged coverage) is entered or filed against Borrower or Borrower, any of its Restricted Subsidiaries or any Guarantor or any of their respective assets and remains undischarged, unvacated, unbonded or unstayed for a period of thirty sixty (3060) days or in any event later than five (5) Business Days prior to the date of any proposed sale thereunder; or

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Judgment and Attachments. Any money judgment, writ or warrant of attachment, attachment or similar process (other than those described elsewhere in this subsection 6.1Subsection 6.1(h)) involving (1) an amount in any individual case in excess of $1,000,000 (or the equivalent thereof in another currency) or (2) an amount in the aggregate for or against Borrower and/or its Subsidiaries at any time in excess of $2,000,000 (or the equivalent thereof in another currency) 250,000 (in either case to the extent not adequately covered by insurance as to which the insurance company has acknowledged coveragenot disclaimed coverage subject to customary reservations of rights) is entered or filed against Borrower or any of its Restricted Subsidiaries or and/or any of their respective assets and remains undischarged, unvacated, unbonded or unstayed for a period of thirty sixty (3060) days or in any event later than five (5) Business Days prior to the date of any proposed sale thereunder; or

Appears in 1 contract

Samples: Credit Agreement (Franklin Capital Corp)

Judgment and Attachments. Any money judgment, writ or warrant of attachment, attachment or similar process (other than those described elsewhere in this subsection 6.1Section 6.1(h)) involving (1) an amount in any individual case in excess of $1,000,000 (or the equivalent thereof in another currency) or (2) an amount in the aggregate for or against Borrower and/or its Subsidiaries at any time in excess of $2,000,000 (or the equivalent thereof in another currency) 50,000 (in either case to the extent not adequately covered by insurance as to which the insurance company has acknowledged coveragenot disclaimed coverage subject to customary reservations of rights) is entered or filed against Borrower or any of its Restricted Subsidiaries or and/or any of their respective assets and remains undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days or in any event later than five (5) Business Days prior to the date of any proposed sale thereunder; or

Appears in 1 contract

Samples: Credit Agreement (Communication Intelligence Corp)

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Judgment and Attachments. Any money judgment, writ or warrant of attachment, attachment or similar process (other than those described elsewhere in this subsection 6.1Subsection 6.1(H)) involving (1) an amount in any individual case in excess of $1,000,000 (or the equivalent thereof in another currency) or (2) an amount in the aggregate for Loan Parties and their Subsidiaries at any time in excess of $2,000,000 (or the equivalent thereof in another currency) 500,000 (in either case to the extent not adequately covered by insurance as to which the insurance company has Second Amended and Restated Credit Agreement/D&E Communications, Inc. acknowledged coverage) is entered or filed against Borrower any Loan Party or any of its Restricted Subsidiaries or any of their respective assets and remains undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days or in any event later than five (5) Business Days prior to the date of any proposed sale thereunder; or

Appears in 1 contract

Samples: Credit Agreement (D&e Communications Inc)

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