Judgment Default definition

Judgment Default has the meaning assigned to such term in Section 6.01.

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Judgment Default means the entry by a court or courts of competent jurisdiction of a final judgment or government fine or penalty (whether by agreement, consent decree or otherwise), or the entry by the Borrower, any Guarantor or any Affiliate of the Borrower (other than the Parent) into any settlement agreement, consent decree or similar agreement, in each case, with respect to any investigations involving, or claims against, one or more of such Persons that would, individually or in the aggregate, exceed $50,000,000.

Judgment Default has the meaning set forth in Section 8.1.7.

Examples of Judgment Default in a sentence

• We just need the appropriate standard error of the point estimate (SEpDuke −pUS ), We can assume that the attitudes of Duke students in the sample are independent of each other, and attitudes of US residents in the sample are independent of each other as well.

• The sole remedy for any breach of the Company’s obligations under Section 4.03 or under Section 314(a)(1) of the TIA shall be the payment of liquidated damages in the form of additional interest and a reduction in the Cross-Default Threshold and the Judgment Default Threshold as described in the last sentence of this paragraph, and Holders will not have any right under this Indenture to declare the Securities immediately due and payable pursuant to Section 6.02 as a result of any such breach.

• Except as Agent and Lenders may otherwise expressly agree in writing, it is understood and agreed that the effect of such recission and termination shall be to permit Agent and Lenders to exercise their rights and remedies in accordance with the terms of the Loan Agreement with respect to the Existing Judgment Default immediately upon the happening of any of the events listed in subsections (i), (ii), (iii) and (iv) hereof without any further notice or passage of time.

More Definitions of Judgment Default

Judgment Default has the meaning assigned to such term in ‎Section 6.01.