Monetary Judgment. One or more non-interlocutory judgments, non-interlocutory orders, decrees or arbitration awards is entered against Borrower or any Guarantor involving in the aggregate a liability in excess of $1,000,000 (to the extent not covered by independent third party insurance as to which the insurer does not dispute coverage), and the same shall remain unsatisfied, unvacated or unstayed pending appeal for a period of ninety (90) days after the entry thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc)
Monetary Judgment. One or more non-interlocutory judgments, non-interlocutory orders, decrees or arbitration awards is entered against Borrower or any Guarantor Subsidiary involving in the aggregate a liability in excess of $1,000,000 100,000 (to the extent not covered by independent third third-party insurance as to which the insurer does not dispute coverage), and the same shall remain unsatisfied, unvacated or unstayed pending appeal for a period of ninety thirty (9030) days after the entry thereof; or
Appears in 2 contracts
Samples: Intercreditor Agreement (Cinco Resources, Inc.), Credit Agreement (Cinco Resources, Inc.)
Monetary Judgment. One or more non-interlocutory judgments, non-interlocutory orders, decrees or arbitration awards is entered against Borrower or any Guarantor involving in the aggregate a liability in excess of $1,000,000 500,000 (to the extent not covered by independent third third-party insurance as to which the insurer does not dispute coverage), and the same shall remain unsatisfied, unvacated or unstayed pending appeal for a period of ninety thirty (9030) days after the entry thereof; or
Appears in 1 contract
Samples: Credit Agreement (Stroud Energy Inc)
Monetary Judgment. One or more non-interlocutory judgments, non-interlocutory orders, decrees or arbitration awards is entered against Borrower or any Guarantor Credit Party involving in the aggregate a liability in excess of $1,000,000 100,000 (to the extent not covered by independent third third-party insurance as to which the insurer does not dispute coverage), and the same shall remain unsatisfied, unvacated or unstayed pending appeal for a period of ninety thirty (9030) days after the entry thereof; or
Appears in 1 contract
