Undischarged Judgments Sample Clauses

Undischarged Judgments. If one or more judgments for the payment of money have been entered against Borrower in an amount in excess of $200,000 in the aggregate and such judgment or judgments have remained undischarged and unstayed for a period of thirty (30) calendar days or, if stayed, all of the conditions in Section 8.8 have not been satisfied.
AutoNDA by SimpleDocs
Undischarged Judgments. If judgment for the payment of money in excess of Ten Thousand and No/100 Dollars ($10,000.00) is rendered by any court or other governmental body against any Borrower or any Subsidiary and any Borrower or Subsidiary does not immediately discharge the same or provide for its immediate discharge in accordance with its terms, or procure a stay of execution thereof within ten (10) days from the date of entry thereof, and within said period of ten (10) days from the date of entry thereof or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves there for as may be required under generally accepted accounting principles; or
Undischarged Judgments. The existence of a final judgment or judgments for the payment of money in excess of One Hundred Thousand and No/100 Dollars ($100,000.00) by any court or other Governmental Authority against a Significant Consolidated Entity, which is not paid, discharged, stayed, dismissed through appropriate appellate proceedings or bonded within thirty (30) days after entry.
Undischarged Judgments. Any court or other governmental authority renders judgment against the Borrower or any Guarantor for the payment of money in excess of $250,000, payment of which is not fully covered by valid collectible insurance or for which execution is not stayed by bond or otherwise; or
Undischarged Judgments. Judgment for the payment of money in excess of $50,000.00 (which is not covered by insurance) is rendered by any court or other governmental body against the Borrower or any Subsidiary, and such Person does not discharge the same or provide for its discharge in accordance with its terms, or procure a stay of execution thereof within 30 days from the date of entry thereof, and within said 30-day period or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves therefor as may be required under generally accepted accounting principles.
Undischarged Judgments. Any Company Party or any of its Subsidiaries shall suffer any money judgment, writ, warrant of attachment or other order that involves an amount or value in excess of the sum of (i) $250,000, plus (ii) the amount of any applicable deductible under any insurance policies insuring such Company Party or any such Subsidiary against such money judgment, writ, warrant or other order, provided that (A) such excess amount or value shall not be fully covered by insurance (and, if requested by the Purchaser, the Company shall cause a letter to be furnished to the Purchaser from the relevant insurance company confirming that such excess amount or value is fully covered by insurance) and (B) such judgment, writ, warrant or other order shall continue unsatisfied and unstayed for a period of thirty (30) days; or
Undischarged Judgments. The Borrowers, or if any such judgments are recourse to the Borrowers, any of PLC’s Subsidiaries, shall fail within 45 days to pay, bond or otherwise discharge any judgment or order for the payment of money in excess of $50,000,000 which is not stayed on appeal or otherwise being appropriately contested in good faith.
AutoNDA by SimpleDocs
Undischarged Judgments one or more judgments for the payment of money in an aggregate amount in excess of U.S.$5,000,000 shall be rendered against the Borrower and the same shall remain undischarged for a period of thirty (30) consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower to enforce any such judgment;
Undischarged Judgments. Judgment for the payment of money in excess of $500,000 (which is not covered by insurance) is rendered by any Governmental Authority against Borrower, and Borrower does not discharge the same or provide for its discharge in accordance with its terms, or procure a stay of execution thereof within 30 days from the date of entry thereof, and within said 30-day period or such longer period during which execution of such judgment will have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves therefor as may be required under generally accepted accounting principles, and such Default continues uncured for a period of 15 days after written notice of such Default (specifying the Default) is given by the Lenders to Borrower.
Undischarged Judgments. Existence of a judgment or judgments (i) for the payment of money in excess of $50,000 in the aggregate awarded by any Governmental Authority against a Borrower or against a Borrower's Property which is not paid, discharged, or bonded within thirty (30) days after entry or, if later, when stipulated for payment, or (ii) awarding equitable relief likely to have a Material Adverse Effect.
Time is Money Join Law Insider Premium to draft better contracts faster.