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
Appears in 3 contracts
Samples: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc)
Undischarged Judgments. Any court or other governmental ---------------------- authority renders judgment against the Borrower or any Guarantor for the payment of money in excess of $250,0005,000,000, payment of which is not fully covered by valid collectible insurance or for which execution is Borrower has not stayed by bond or otherwiseestablished adequate reserves in accordance with GAAP; or
Appears in 2 contracts
Samples: Loan Agreement (Chemfirst Inc), Loan Agreement (Chemfirst Inc)
Undischarged Judgments. Any court or other governmental authority renders If a final, non-appealable judgment against the Borrower or any Guarantor for the payment of money in excess of $250,000, payment 250,000 is rendered by any court or other governmental authority against any of the Borrowers or any of the Guarantors which is not fully covered by valid collectible insurance or for which execution is not stayed by bond or otherwiseinsurance; or
Appears in 1 contract
