Common use of Judgment and Proceedings Clause in Contracts

Judgment and Proceedings. (1) The entry of any judgment or decree against Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Servicer and its Subsidiaries exceeds $1,000,000, (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (3) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 13 contracts

Samples: Contract Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.)

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Judgment and Proceedings. (1) The entry of any judgment or decree against Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Servicer and its Subsidiaries exceeds $1,000,000, 1,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect Effect; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 8 contracts

Samples: Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.)

Judgment and Proceedings. (1A) The entry of any judgment or decree against Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Servicer and its Subsidiaries exceeds $1,000,000, (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect 250,000 and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Cardinal Health Inc), Receivables Purchase Agreement (Cardinal Health Inc), Receivables Purchase Agreement (Cardinal Health Inc)

Judgment and Proceedings. (1) The entry of any judgment or decree against Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Servicer and its Subsidiaries exceeds $1,000,000, (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect Effect; and (3) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.), Receivables Purchase Agreement (Patterson Companies, Inc.)

Judgment and Proceedings. (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 10,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect Servicer; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Pennsylvania Electric Co), Receivables Purchase Agreement (Pennsylvania Power Co), Receivables Purchase Agreement (Metropolitan Edison Co)

Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 25,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer that couldwhich, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect Effect; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against the Seller.

Appears in 3 contracts

Samples: Securitization Property Servicing Agreement (Consumers Energy Co), Securitization Property Servicing Agreement (Consumers Energy Co), Receivables Purchase Agreement (CMS Energy Corp)

Judgment and Proceedings. (1) The entry of any judgment or decree against the Servicer or any of its respective material Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its material Subsidiaries exceeds $1,000,00025,000,000, (2) the institution of any litigation, arbitration proceeding proceeding, investigation or governmental proceeding against the Servicer that couldwhich, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect Effect; and (3) the entry of any judgment or decree or the institution of material adverse development in any previously disclosed litigation, arbitration proceeding proceeding, investigation or governmental proceeding against Sellerproceeding.

Appears in 3 contracts

Samples: Loan and Servicing Agreement (Harley Davidson Inc), Loan and Servicing Agreement (Harley Davidson Inc), Loan and Servicing Agreement (Harley Davidson Inc)

Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 25,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer that couldwhich, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect Effect; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (CMS Energy Corp), Receivables Purchase Agreement (CMS Energy Corp)

Judgment and Proceedings. (1A) The entry of any judgment or decree against Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Servicer and its Subsidiaries exceeds $1,000,000, (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect 250,000 and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against SellerSellers.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,0005,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect Servicer; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Plexus Corp)

Judgment and Proceedings. (1) The entry of any judgment or decree against the Servicer or any of its respective material Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its material Subsidiaries exceeds $1,000,00050,000,000, (2) the institution of any litigation, arbitration proceeding proceeding, investigation or governmental proceeding against the Servicer that couldwhich, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect Effect; and (3) the entry of any judgment or decree or the institution of material adverse development in any previously disclosed litigation, arbitration proceeding proceeding, investigation or governmental proceeding against Sellerproceeding.

Appears in 1 contract

Samples: Loan and Servicing Agreement (SNAP-ON Inc)

Judgment and Proceedings. (1A) The entry of any judgment or decree against (1) the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 25,000,000 or (2) Seller; or (B) the institution of any litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (3) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Sellersuch Seller Party.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Navistar Financial Retail Receivables Corporation)

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Judgment and Proceedings. (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 3,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer that couldwhich, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect Effect; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Financing Agreement (Syncor International Corp /De/)

Judgment and Proceedings. (A) (1) The entry of any uninsured judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all uninsured judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,0005,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer that could, individually or in the aggregate, which could be reasonably be expected to have a Material Adverse Effect Effect; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (American Commercial Lines LLC)

Judgment and Proceedings. (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 10,000,000 and (2) the institution of any material litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect againstthe Servicer; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Energizer Holdings Inc)

Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 10,000,000 and (2) the institution of any material litigation, arbitration proceeding or governmental proceeding against the Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Graybar Electric Co Inc)

Judgment and Proceedings. (A) (1) The entry of any judgment or -------------------------- decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 10,000,000 and (2) the institution of any material litigation, arbitration proceeding or governmental proceeding against Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect Servicer; and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Energizer Holdings Inc)

Judgment and Proceedings. (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, 1,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Servicer that could, individually or in the aggregate, which could reasonably be expected to have a Material Adverse Effect Effect; and (3) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (School Specialty Inc)

Judgment and Proceedings. (A) (1) The entry of any judgment or decree against the Servicer or any of its respective Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Servicer and its Subsidiaries exceeds $1,000,000, $ 7,500,000 10,000,000 and (2) the institution of any material litigation, arbitration proceeding or governmental proceeding against the Servicer that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (3B) the entry of any judgment or decree or the institution of any litigation, arbitration proceeding or governmental proceeding against Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Graybar Electric Co Inc)

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