Common use of Judgment and Proceedings Clause in Contracts

Judgment and Proceedings. (1) The entry of any judgment or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Avnet Inc), Receivables Sale Agreement (Avnet Inc), Receivables Sale Agreement (Avnet Inc)

AutoNDA by SimpleDocs

Judgment and Proceedings. (1A) The entry of any judgment or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 25,000,000, and (2B) the institution of any litigation, arbitration proceeding or governmental proceeding against Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

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

Judgment and Proceedings. (1) The entry of any judgment or decree against the Originator or any of its Subsidiaries if the aggregate amount in excess of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 15,000,000 and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Convergys Corp), Receivables Sale Agreement (Convergys Corp), Receivables Sale Agreement (Convergys Corp)

Judgment and Proceedings. (1) The entry of any judgment or decree against such Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 1,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against such Originator whichthat, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect.;

Appears in 2 contracts

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

Judgment and Proceedings. (1) The entry of any judgment or decree against such Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 10,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against such Originator whichthat, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

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

Judgment and Proceedings. (1A) The entry of any judgment or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 and 25,000,000, (2B) the institution of any litigation, arbitration proceeding proceeding, investigation or governmental proceeding against Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse EffectEffect and (C) any material development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceeding.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Puget Sound Energy Inc), Receivables Sale Agreement (Puget Energy Inc /Wa)

Judgment and Proceedings. (1) The entry of any judgment or decree against such Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 1,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against such Originator whichthat, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Patterson Companies, Inc.), Receivables Sale Agreement (Patterson Dental Co)

Judgment and Proceedings. (1A) The entry of any judgment ------------------------ or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 7,500,000 and (2B) the institution of any material litigation, arbitration proceeding or governmental proceeding against Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse EffectOriginator.

Appears in 1 contract

Samples: Receivables Sale Agreement (Graybar Electric Co Inc)

AutoNDA by SimpleDocs

Judgment and Proceedings. (1A) The entry of any judgment or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 and 25,000,000, or (2B) the institution of any litigation, arbitration proceeding or governmental proceeding against Originator whichOriginator, which individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or aggregate could reasonably be expected to have a Material Adverse Effect, or which seeks to enjoin performance of or otherwise relates to the Transaction Documents.

Appears in 1 contract

Samples: Receivables Sale Agreement (Anixter International Inc)

Judgment and Proceedings. (1) The entry of any judgment or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 and 25,000,000, (2) the institution of any litigation, arbitration proceeding proceeding, investigation or governmental proceeding against Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or could reasonably be expected to have a Material Adverse Effect, and (3) any material development in any previously disclosed litigation, arbitration proceeding, investigation or governmental proceeding.

Appears in 1 contract

Samples: Receivables Sale Agreement (Puget Sound Energy Inc)

Judgment and Proceedings. (1A) The entry of any judgment or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against the Originator and its Subsidiaries exceeds $25,000,000 and (2B) the institution of any litigation, arbitration proceeding or governmental proceeding against the Originator which, individually or in if the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess aggregate amount of all such claims against the Originator and its Subsidiaries exceeds $50,000,000 or could reasonably be expected to have a Material Adverse Effect25,000,000.

Appears in 1 contract

Samples: Receivables Sale Agreement (Beckman Coulter Inc)

Judgment and Proceedings. (1) The entry of any judgment or decree against Originator or any of its Subsidiaries if the aggregate amount of all judgments and decrees then outstanding against Originator and its Subsidiaries exceeds $25,000,000 1,000,000, and (2) the institution of any litigation, arbitration proceeding or governmental proceeding against Originator which, individually or in the aggregate, if adversely determined, would reasonably be expected to result in a judgment in excess of $50,000,000 or which could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Receivables Sale Agreement (School Specialty Inc)

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