Common use of No Defaults on Outstanding Judgments or Orders Clause in Contracts

No Defaults on Outstanding Judgments or Orders. Except for judgments with respect to which the liability of Borrower and each Subsidiary does not exceed $5,000,000 in the aggregate for all such judgments, (a) Borrower and each Subsidiary have satisfied all unstayed and unappealed judgments, and (b) neither Borrower nor any Subsidiary is in default with respect to any judgment, or any material writ, injunction, decree, rule, or regulation of any court, arbitrator, or federal, state, municipal, or other governmental authority, commission, board, bureau, agency, or instrumentality, domestic or foreign applicable to Borrower or any Subsidiary.

Appears in 6 contracts

Samples: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)

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No Defaults on Outstanding Judgments or Orders. Except for judgments with respect to which the uninsured liability of the Borrower and each Significant Subsidiary does not exceed $5,000,000 10,000,000 in the aggregate for all such judgments, (a) the Borrower and each Significant Subsidiary have satisfied all unstayed and unappealed judgments, and (b) neither the Borrower nor any Significant Subsidiary is in default with respect to any judgment, or any material writ, injunction, decree, rule, ruling or regulation order of any court, arbitrator, or federal, state, municipal, or other governmental authority, commission, board, bureau, agency, or instrumentality, domestic or foreign applicable to Borrower or any Subsidiaryforeign.

Appears in 2 contracts

Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)

No Defaults on Outstanding Judgments or Orders. Except for judgments with respect to which the liability of Borrower and each Subsidiary does not exceed $5,000,000 in the aggregate for all such judgments, (a) Borrower and each Subsidiary have satisfied all unstayed and unappealed judgmentsjudgments in excess of $1,000,000 in the aggregate (that are not covered by insurance), and (b) neither Borrower nor any Subsidiary is in default with respect to any judgmentjudgments in excess of $1,000,000 in the aggregate (that are not covered by insurance), or any material writ, injunction, decree, rule, or regulation of any court, arbitrator, or federal, state, municipal, or other governmental authority, commission, board, bureau, agency, or instrumentality, domestic or foreign applicable to Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Black Amber Florida, Inc.)

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No Defaults on Outstanding Judgments or Orders. Except for judgments with respect to which the liability of Borrower and each Subsidiary does not exceed $5,000,000 1,000,000 in the aggregate for all such judgments, (a) Borrower and each Subsidiary have satisfied all unstayed and unappealed judgments, and (b) neither Borrower nor any Subsidiary is in default with respect to any judgment, or any material writ, injunction, decree, rule, or regulation of any court, arbitrator, or federal, state, municipal, or other governmental authority, commission, board, bureau, agency, or instrumentality, domestic or foreign applicable to Borrower or any Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (M I Schottenstein Homes Inc)

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