Common use of Judgment Liens Clause in Contracts

Judgment Liens. Neither Borrower nor any of its assets are subject to any unpaid judgments (whether or not stayed) or any judgment liens in any jurisdiction as of the date hereof or, as to any time after the date hereof, except to the extent that (a) such unpaid judgments or judgment liens would not reasonably be expected to result in a Material Adverse Effect or (b) such unpaid judgments or judgments liens are not senior to or pari passu with the Lien of Lender on any of the Collateral.

Appears in 2 contracts

Samples: Master Loan Agreement (Asbury Automotive Group Inc), Master Loan Agreement (Asbury Automotive Group Inc)

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Judgment Liens. Neither Borrower nor any of its assets are is subject to any unpaid judgments (whether or not stayed) or any judgment liens in any jurisdiction as of the date hereof or, as to any time after the date hereof, except to the extent that (a) such unpaid judgments or judgment liens would not reasonably be expected anticipated to result in have a Material Adverse Effect or (b) such unpaid judgments or judgments liens are not senior to or pari passu with the Lien of Lender on any of the CollateralEffect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amcomp Inc /Fl), Loan and Security Agreement (Amcomp Inc /Fl)

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Judgment Liens. Neither Borrower nor any of its assets are is subject to any unpaid judgments (whether or not stayed) or any judgment liens Liens in any jurisdiction as of the date hereof orjurisdiction, as to any time after the date hereofin each case, except to the extent that (a) such unpaid judgments which were not disclosed to Lender in writing on or judgment liens would not reasonably be expected to result in a Material Adverse Effect before the Closing Date or (b) such unpaid judgments or judgments liens are of which Borrower has not senior given notice to or pari passu Lender in accordance with the Lien of Lender on any of the CollateralSection 6.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Cryolife Inc)

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