Satisfaction of Judgments. Except as provided in Section 8.5 of this Agreement, all judgments against the Partnership and the General Partner, wherein the General Partner (including any employee, Affiliate, officer or director of the General Partner) is entitled to indemnification, must first be satisfied from Partnership assets before the General Partner is responsible for those judgments. 14.5
Satisfaction of Judgments. Pay or otherwise satisfy, and cause of each of its Subsidiaries to pay or otherwise satisfy, every final judgment from which no further appeal may be taken in excess of $100,000 entered against it or such Subsidiary within 60 days after entry thereof or after the expiration of any stay of execution with respect thereto.
Satisfaction of Judgments. As soon as practicable, upon Effective Date of this Agreement, KTCCU will, at its cost, file satisfactions of judgment for all members of the Class who have judgments entered against them that are the subject of the Litigation. For purposes of determining the amount of any award to be made to the Plaintiff or Plaintiff’s Counsel, the Judgment Write-Off or the sum of all judgments deemed satisfied pursuant to this paragraph is $0 and shall be included as part of the Gross Settlement Fund.
Satisfaction of Judgments. In consideration for making the foregoing disputed payments with respect to the Wachovia Judgment, immediately upon receipt of payment in full under Paragraph 2 above ($585,000), Second Party shall: (a) record satisfactions of judgments for the Wachovia Judgment in each and every county in which the Wachovia Judgment has been recorded to the knowledge of Second Party, and in any other county as may be directed by First Party: and also (b) record satisfactions of judgments for each of the following judgments owned and held by Second Party in each and every county in which either of those judgments has been recorded to the knowledge of Second Party, and in any other county as may be directed by First Party: (i) a Default Judgment against Mariano obtained on January 28, 2003, by Wachovia Bank, National Association in the State of North Carolina, County of Mecklenburg, In the General Court of Justice, Superior Court Division, Case No. 02-CVS-13780, and (ii) a Default Judgment obtained by Wachovia Bank on or about October 14, 2002 against New Pacific and Mariano, in the State of North Carolina, County of Mecklenburg, In the General Court of Justice, Superior Court Division, Case No. 01-CVS-588 (collectively, the “Undomesticated Judgments”).
Satisfaction of Judgments. The Company shall not, and the Company shall cause each of its subsidiaries not to, allow any judgment against the Company or such subsidiary, as the case may be, to remain unsatisfied; provided that the Company shall not be required to satisfy, and the Company shall not be obligated to cause any of its subsidiaries to satisfy, any judgment so long as the validity thereof is being contested in good faith by appropriate proceedings and, if the Company or such subsidiary, as the case may be, shall have set aside on its books reserves deemed by the Company or such subsidiary, as the case may be, in accordance with generally accepted accounting principles to be adequate with respect to such judgment, unless such payment is necessary to prevent forfeiture or loss of a material part of the properties or assets of the Company or such subsidiary, as the case may be.