Common use of Monetary Judgments Clause in Contracts

Monetary Judgments. One or more judgments, non-interlocutory orders, decrees or arbitration awards shall be entered against any one or more of the Credit Parties or any of their respective Subsidiaries involving in the aggregate a liability of $2,200,000 or more (excluding amounts covered by either (i) insurance to the extent the relevant independent third-party insurer has not denied coverage therefor or (ii) an indemnification agreement as to which the indemnifying party has not denied liability), and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of thirty (30) days after the entry thereof; or

Appears in 4 contracts

Sources: Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.), Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.), Second Lien Note Purchase Agreement (Spinal Elements Holdings, Inc.)

Monetary Judgments. One or more judgments, non-interlocutory orders, decrees or arbitration awards shall be entered against any one or more of the Credit Parties or any of their respective Subsidiaries involving in the aggregate a liability of $2,200,000 2,000,000 or more (excluding amounts covered by either (i) insurance to the extent the relevant independent third-party insurer has not denied coverage therefor or (ii) an indemnification agreement as to which the indemnifying party has not denied liability), and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of thirty (30) days after the entry thereof; or

Appears in 4 contracts

Sources: Forbearance Agreement and First Amendment to Amended and Restated Credit Agreement (Spinal Elements Holdings, Inc.), Credit Agreement (Spinal Elements Holdings, Inc.), Credit Agreement (Spinal Elements Holdings, Inc.)

Monetary Judgments. One or more judgments, non-interlocutory orders, decrees or arbitration awards shall be entered against any one or more of the Credit Parties or any of their respective Subsidiaries (other than an Immaterial Subsidiary with respect to which no other Credit Party or Subsidiary is or may be liable) involving in the aggregate a liability of $2,200,000 2,500,000 or more (excluding amounts covered by either (i) insurance to the extent the relevant independent third-party insurer has not denied coverage therefor or (ii) an indemnification agreement as to which the indemnifying party has not denied liabilitytherefor), and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of thirty (30) consecutive days after the entry thereof; or

Appears in 2 contracts

Sources: Credit Agreement (Papa Murphy's Holdings, Inc.), Credit Agreement (Papa Murphy's Holdings, Inc.)

Monetary Judgments. One or more judgments, non-interlocutory orders, decrees or arbitration awards shall be entered against any one or more of the Credit Parties or any of their respective Subsidiaries (other than an Immaterial Subsidiary with respect to which no other Credit Party or Subsidiary is or may be liable) involving in the aggregate a liability of $2,200,000 3,000,000 or more (excluding amounts covered by either (i) insurance to the extent the relevant independent third-party insurer has not denied coverage therefor or (ii) an indemnification agreement as to which the indemnifying party has not denied liabilitytherefor), and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of thirty (30) consecutive days after the entry thereof; or

Appears in 1 contract

Sources: Credit Agreement (Papa Murphy's Holdings, Inc.)

Monetary Judgments. One or more judgments, non-interlocutory orders, decrees or arbitration awards shall be entered against any one or more of the Credit Parties or any of their respective the Borrower’s Subsidiaries involving in the aggregate a liability (to the extent not covered by independent third-party insurance) as to any single or related series of transactions, incidents or conditions, of $2,200,000 5,000,000 or more (excluding amounts covered by more, and either (i) insurance to the extent the relevant independent third-party insurer has not denied coverage therefor enforcement proceedings shall have been commenced by any creditor upon such judgment or (ii) an indemnification agreement as to which the indemnifying party has not denied liability), and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of thirty (30) days after the entry thereof; or

Appears in 1 contract

Sources: Credit Agreement (Ute Energy Upstream Holdings LLC)