Judgment Lien Sample Clauses
A Judgment Lien clause establishes the right of a creditor to place a legal claim on a debtor's property as a result of a court judgment for unpaid debts. This clause typically allows the creditor to record the lien with the appropriate government office, which attaches to real estate or other assets owned by the debtor. The practical effect is that the debtor cannot sell or refinance the encumbered property without first satisfying the judgment, thereby ensuring the creditor has a means to secure and potentially recover the owed amount.
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Judgment Lien. If one or more judgments and/or one or more other claims becomes liens or encumbrances upon any or all of the assets of Borrower in an aggregate amount at any one time in excess of One Million Dollars ($1,000,000).
Judgment Lien. A judgment or other claim becomes a lien or encumbrance upon any of Borrower properties or assets.
Judgment Lien. Until the Judgment Lien is satisfied in full, the Servicer shall cause Triumph Composite Systems, Inc., as Originator, to set aside and maintain adequate reserves therefor. Upon the full satisfaction of the Judgment Lien, the Servicer shall cause Triumph Composite Systems, Inc. to promptly take all steps necessary to cause all filings in respect of the Judgment Lien to be released.
Judgment Lien. In the event that any Second Lien Secured Party is granted a judgment Lien in respect of Collateral as a result of its enforcement of rights or remedies as a secured or unsecured creditor, such judgment Lien shall be subject to the terms of this Agreement in the same manner as the other Liens in favor of the Second Lien Secured Parties (including with respect to the relative priorities in relation to the Liens in favor of the First Lien Secured Parties and the application of proceeds).
Judgment Lien. Until the Judgment Lien is satisfied in full, Triumph Composite Systems, Inc., as Originator, shall set aside and maintain adequate reserves therefor. Upon the full satisfaction of the Judgment Lien, Triumph Composite Systems, Inc. shall promptly take all steps necessary to cause all filings in respect of the Judgment Lien to be released.
Judgment Lien. USA, et al v. Alcatel Network, et al. The Judgment Lien involves the Hassayampa Landfill Superfund Site, in which R▇▇▇▇▇ Corporation was a Potentially Responsible Party. A Motion to Enter Consent Decree was lodged in the Arizona Federal District Court on September 24, 1994. R▇▇▇▇▇ Corporation, as a signatory to the Consent Decree made a monetary contribution of $29,468.88 to the Hassayampa Steering Committee to obtain contribution protection and covenant-not-to-s▇▇ protection from the Environmental Protection Agency.
Judgment Lien. If a judgment or other claim becomes a lien or encumbrance in excess of $25,000 upon any or all of BORROWER'S ASSETS, except for encumbrances permitted by LENDER, in writing.
Judgment Lien. If one or more judgments and/or one or more other ------------- claims becomes liens or encumbrances upon any or all of the assets of Borrower, any guarantor of the Obligations, or any general partner of Borrower in an aggregate amount in excess of Twenty-Five Thousand Dollars ($25,000.00).
Judgment Lien. Any judgment or order for the payment of money in excess of five million dollars ($5,000,000.00) shall be rendered against Borrower or Broker-Dealer and either (a) enforcement collection, execution or levy proceeding shall have been commenced on such judgment, or (b) there shall be any period of thirty (30) consecutive days during which a stay of enforcement of such judgment or order, by reason of supersedes, bond or otherwise, shall not be in effect.