Consent Judgments Sample Clauses

Consent Judgments. Promptly after the Effective Date, the Parties will proceed to file the Consent Judgments, and the obligations in the State Participation Forms and Subdivision Participation Agreements will become effective and binding as of the Effective Date.
Sample 1Sample 2
AutoNDA by SimpleDocs
Consent Judgments. On or prior to November 28, 2000, each Credit Party executing this Agreement shall execute and deliver in favor of Lender such documents as Lender and its counsel shall require permitting Lender to enter judgment against such Credit Party in a court of competent jurisdiction ("Confessions of Judgment"). Each Confession of Judgment shall be held in escrow by Lender until the occurrence of a Termination Event. From and after the occurrence of a Termination Event, Lender shall be permitted to insert the amount of principal and interest due to Lender and to enter judgment against each such Credit Party or any of them. Each Credit Party acknowledges that such judgment shall be final, not subject to appeal and any right of appeal, whether under applicable law or otherwise, is hereby expressly waived. Lender agrees to give the applicable Credit Party two (2) Business Days written notice, pursuant to Section 7.10 hereof, of the occurrence of a Termination Event prior to enforcing such Confession of Judgment and Lender will not enter judgment pursuant to such Confession of Judgment if the Termination Event has been cured or remedied. If such Termination Event is not capable of being cured or if such Termination Event relates to a default in the payment, when due, of any amount under the Trucking Note, including the payment of any mandatory prepayment required to be paid hereunder, or if Lender is prevented from giving such notice under applicable law, including the automatic stay under Title 11 of the United States Code, then Lender shall be permitted to enforce the judgment or judgments pursuant to the Confessions of Judgment without notice to any Credit Party.
Sample 1
Consent Judgments. The Consent Judgments, the form of which is attached hereto as Exhibit A, contains blanks for (i) the amount of judgment (the Maslow Obligation minus any sums paid, and the HCRN Obligation minus any sums received by Credit Cash), (ii) the date that Default (as defined by paragraphs 5 and 6) occurred and from which interest at the rate of 18% per annum will accrue, and (iii) the amount of attorneys’ fees and expenses incurred by Credit Cash in connection with the Default and enforcement of its rights and remedies. The Consent Judgments shall be held in escrow and shall not be filed unless a Default occurs, at which time Credit Cash may file one or both Consent Judgments in the DNJ Action. Maslow, the Vivos Entities, Doki and Vxxxxxx shall be deemed to have irrevocably consented to Credit Cash filling in the blanks to reflect the amount owed to Credit Cash as of the date Credit Cash elects to file the Consent Judgment and to otherwise make any reasonable amendment or addition to the Consent Judgments to make the Consent Judgments effective.
Sample 1
Consent Judgments. Under no circumstances shall the Firm record consent judgments in court without written instructions from the Client and without getting a confirmation from the Client that the form and substance of the consent judgment is acceptable to the Client.
Sample 1
Consent Judgments. (8) A mediation conference is not a meeting of a public body for purposes of the open meetings act, 1976 PA 267, MCL 15.261 to 15.275.
Sample 1

Related to Consent Judgments

  • Litigation and Judgments Except as specifically disclosed in Schedule 6.5 as of the date hereof, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower, any of its Subsidiaries, or any other Obligated Party that could, if adversely determined, result in a Material Adverse Event. There are no outstanding judgments against Borrower, any of its Subsidiaries, or any other Obligated Party.

  • Monetary Judgments One or more non-interlocutory judgments, non-interlocutory orders, decrees or arbitration awards is entered against the Company or any Subsidiary involving in the aggregate a liability (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage) as to any single or related series of transactions, incidents or conditions, of $20,000,000 or more, and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of 10 days after the entry thereof; or

  • Non-Monetary Judgments Any non-monetary judgment, order or decree is entered against the Company or any Subsidiary which does or would reasonably be expected to have a Material Adverse Effect, and there shall be any period of 10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or

  • Declaratory Judgment Actions In the event that a declaratory judgment action is brought against M.I.T. or COMPANY by a third party alleging invalidity, unenforceability, or non-infringement of the PATENT RIGHTS, M.I.T., at its option, shall have the right within twenty (20) days after commencement of such action to take over the sole defense of the action at its own expense. If M.I.T. does not exercise this right, COMPANY may take over the sole defense of the action at COMPANY's sole expense, subject to Sections 7.4 and 7.5.

  • Money Judgment A Judgment or order for the payment of money in excess of $1,000,000 or otherwise having a Materially Adverse Effect shall be rendered against any other Consolidated Company, and such judgment or order shall continue unsatisfied (in the case of a money judgment) and in effect for a period of sixty (60) days during which execution shall not be effectively stayed or deferred (whether by action of a court, by agreement or otherwise). In regard to the foregoing, amounts which are fully covered by insurance shall not be considered in regard to the foregoing $1,000,000 limit.

  • Attachments; Judgments Any portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money, individually or in the aggregate, of at least $250,000, or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or

  • Notice of Litigation and Judgments The Borrower will give notice to the Agent in writing within five (5) Business Days of becoming aware of any litigation or proceedings threatened in writing or any pending litigation and proceedings affecting the Borrower, any Guarantor or any of their respective Subsidiaries or to which the Borrower, any Guarantor or any of their respective Subsidiaries is or is to become a party involving an uninsured claim against the Borrower, any Guarantor or any of their respective Subsidiaries that could either reasonably be expected to cause a Default or could reasonably be expected to have a Material Adverse Effect and stating the nature and status of such litigation or proceedings. The Borrower will give notice to the Agent, in writing, in form and detail reasonably satisfactory to the Agent and each of the Lenders, within ten (10) days of any judgment not covered by insurance, whether final or otherwise, against the Borrower or any of their respective Subsidiaries in an amount in excess of $10,000,000.00.

  • Final Judgment The Arbitration Award shall be final and binding upon the parties thereto and shall be the sole and exclusive remedy between such parties relating to the Dispute, including any claims, counterclaims, issues or accounting presented to the arbitrators. Judgment upon the Arbitration Award may be entered in any court having jurisdiction. To the fullest extent permitted by law, no application or appeal to any court of competent jurisdiction may be made in connection with any question of law arising in the course of arbitration or with respect to any award made except for actions relating to enforcement of this agreement to arbitrate or any arbitral award issued hereunder and except for actions seeking interim or other provisional relief in aid of arbitration proceedings in any court of competent jurisdiction.

  • Enforcement of Judgments Subject to the conditions and qualifications set forth in the Registration Statement and the Prospectus, a final and conclusive judgment against the Company for a definitive sum of money entered by any court in the United States may be enforced by an Israeli court.

Time is Money Join Law Insider Premium to draft better contracts faster.