Unsatisfied Judgments Sample Clauses
The Unsatisfied Judgments clause establishes the parties' obligations and procedures in the event that a court judgment or legal order against one party remains unpaid or unresolved. Typically, this clause outlines the steps the other party may take, such as demanding payment, seeking remedies, or even terminating the agreement if the judgment is not satisfied within a specified timeframe. Its core practical function is to protect parties from the financial and legal risks associated with unresolved liabilities, ensuring that judgments are addressed promptly and reducing potential exposure to ongoing legal or financial harm.
Unsatisfied Judgments. There is no unsatisfied judgment or court order outstanding against the Company.
Unsatisfied Judgments. No distress, execution or other process has been levied against any member of the Group or action taken to repossess any of the Business Assets which has not been satisfied in full. No unsatisfied judgment is outstanding against any member of the Group.
Unsatisfied Judgments. No distress execution or other process has been levied against the Company or action taken to charge or repossess goods or property in the Company’s possession. No unsatisfied judgment is outstanding against the Company.
Unsatisfied Judgments. (1) Prior to the Project Completion Date, one or more of a judgment for the payment of money in excess of $250,000,000 in the aggregate (net of insurance proceeds which are reasonably expected to be paid) or a final judgment for the payment of money in excess of $150,000,000; or
(2) following the Project Completion Date, one or more final judgments for the payment of money in excess of $150,000,000 in the aggregate (net of insurance proceeds which are reasonably expected to be paid); in each case, against an Obligor or Holdco or against any other Person where an Obligor or Holdco is liable to satisfy such judgment, which judgment is by one or more Governmental Authorities, courts, arbitral tribunals or other bodies having jurisdiction over any such entity, and such judgment or judgments remain unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of ninety (90) days after the date of entry of such judgment; provided that such 90-day period will be stayed if an appeal in respect of such judgment or judgments has been filed and not dismissed.
Unsatisfied Judgments. With respect to Party B, the party, any Credit Supporter Provider of such party or any Specified Entity of such party for the purpose of Section 5(a)(vii) has a final judgment issued against it by a court of competent jurisdiction and such judgment is not discharged or its execution stayed pending appeal within 90 days of such judgment or such judgment is not discharged within 90 days of the expiration of any such stay."
Unsatisfied Judgments. No distress, execution or other process has been levied against the Vendor or action taken to repossess any of the Business Assets which has not been satisfied in full. No unsatisfied judgment is outstanding against the Vendor.
Unsatisfied Judgments. A Borrower Group Member shall suffer a final, nonappealable judgment for payment of monies aggregating in excess of $500,000.00 in any fiscal year, and such judgment is not satisfied in full within sixty (60) days thereafter.
Unsatisfied Judgments. Any one or more judgments, orders or awards for the uninsured payment of money in an aggregate amount exceeding $1,000,000 (or equivalent in foreign currency), are rendered against any one or more Loan Parties and such Loan Party does not or such Loan Parties do not discharge same in accordance with the terms thereof, or procure a stay of execution thereof, within sixty (60) days from the date of the entry of each such judgment, order or award and in any event at least five (5) Business Days before any such judgment, order or award may be executed upon.
Unsatisfied Judgments. No distress, execution or other process been levied against Dialog or any subsidiary of Dialog or action taken to repossess goods in Dialog's or any subsidiary or Dialog's possession which has not been satisfied in full. No unsatisfied judgment is outstanding against Dialog or any subsidiary of Dialog.
Unsatisfied Judgments. No distress, execution or other process been levied against the Target Group Company or action taken to repossess goods in the Target Group Company's possession which has not been satisfied in full. No unsatisfied judgment is outstanding against the Target Group Company.