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 issue against it by a court of competent jurisdiction for an amount greater than $5,000,000.00 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 of the Borrowers or the Guarantors shall suffer final judgment for payment of monies aggregating in excess of $50,000.00 in any fiscal year, not otherwise covered by insurance.
Unsatisfied Judgments. Any one or more judgments for the payment of money in an aggregate amount exceeding the Threshold Amount are rendered against the Borrower and the Borrower does not discharge same in accordance with their respective terms, or procure a stay of execution thereof, within thirty (30) days from the date of the entry of each such judgments and in any event at least five (5) Business Days before any such judgment may be executed upon.
Unsatisfied Judgments. Any one or more Awards for the uninsured payment of money in an aggregate amount for the entire Restricted Group exceeding the Threshold Amount are rendered against any one or more Restricted Group Members and such Restricted Group Members do not discharge same in accordance with its terms, or procure a stay of execution thereof, or deposit with the Agent cash collateral or other security satisfactory to the Required Lenders in the amount of such Awards to be set aside to pay such Awards and bearing interest at prevailing commercial rates agreed between the Agent and such Restricted Group Member accruing to the benefit of such Restricted Group Member, within 30 days from the date of the entry of each such Award and in any event at least five (5) Business Days before any such Award may be executed upon.