Undischarged Judgment. One or more judgments for the payment of money in an amount in excess of Five Hundred Thousand Dollars ($500,000) in the aggregate shall be rendered against the Company or any of its Subsidiaries (or any combination thereof) and shall remain undischarged for a period of ten consecutive Business Days during which execution shall not be effectively stayed, or any action is legally taken by a judgment creditor to levy upon any such judgment;
Appears in 1 contract
Undischarged Judgment. One or more final non-appealable judgments for the payment of money in an amount in excess of Five Hundred Thousand Dollars ($500,000) 500,000 in the aggregate aggregate, or for seizure or foreclosure on any substantial part of the property shall be rendered against the Company or any of its Subsidiaries (or any combination thereof) and shall remain undischarged for a period of ten thirty (30) consecutive Business Days during which execution shall not be effectively stayed, or any action is legally taken by a judgment creditor to levy upon any such judgment;
Appears in 1 contract
Sources: Convertible Note Purchase Agreement (Chan Kwok Keung Charles)