Outstanding Judgment Clause Samples

Outstanding Judgment. None of the Assets are subject to any proceeding or outstanding decree, order, judgment, settlement agreement or stipulation. None of the Assets have been or are currently involved in any reexamination, reissue, opposition, interference proceeding, or any similar proceeding, and no such proceedings are pending or threatened.

Outstanding Judgment. One or more (i) judgments or orders for the payment of money, outside the ordinary course of its insurance business, in an amount in excess of $25,000,000 (or the equivalent thereof in currencies other than U.S. Dollars), or (ii) nonmonetary judgments or orders which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, are entered against Borrower or any of its Subsidiaries, which judgment(s), in any such case, is/are not (i) stayed on appeal, (ii) otherwise being appropriately contested in good faith, or (iii) paid, bonded or otherwise discharged (including, without limitation, as a result of any insurance settlement or payment) within thirty (30) days after entry thereof.