Common use of Adverse Judgment Clause in Contracts

Adverse Judgment. Any Restricted Entity suffers final judgments against any of them since the date of this Agreement in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coverage, greater than $25,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond or otherwise, shall not be in effect;

Appears in 2 contracts

Samples: Credit Agreement (Select Energy Services, Inc.), Credit Agreement (Select Energy Services, Inc.)

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Adverse Judgment. Any Restricted Entity suffers has had entered against it unpaid final judgments against any of them since the date of this Agreement in an aggregate amount, amount (less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coverage, admit liability) greater than $25,000,000 5,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon any such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 2 contracts

Samples: Credit Agreement (NCS Multistage Holdings, Inc.), Credit Agreement (NCS Multistage Holdings, Inc.)

Adverse Judgment. Any Restricted Entity suffers final judgments against any of them since the date of this Agreement in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coveragedenied, greater than $25,000,000 20,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 2 contracts

Samples: Credit Agreement (Forum Energy Technologies, Inc.), Credit Agreement (Forum Energy Technologies, Inc.)

Adverse Judgment. Any Restricted Entity suffers has had entered against it unpaid final judgments against any of them since the date of this Agreement in an aggregate amount, amount (less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coverage, admit liability) greater than $25,000,000 1,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon any such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 2 contracts

Samples: Credit Agreement (NCS Multistage Holdings, Inc.), Credit Agreement (NCS Multistage Holdings, Inc.)

Adverse Judgment. Any Restricted Entity suffers final judgments against any of them since the date of this Agreement in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coveragedenied, greater than $25,000,000 10,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

Adverse Judgment. Any Restricted Entity suffers final judgments against any of them since the date of this Agreement in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coverage, greater than $25,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 1 contract

Samples: Credit Agreement (Forum Energy Technologies, Inc.)

Adverse Judgment. Any Restricted Entity suffers final judgments against any of them since the date of this Agreement in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coverageadmit liability, greater than $25,000,000 10,000,000.00 and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 1 contract

Samples: Credit Agreement (Complete Production Services, Inc.)

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Adverse Judgment. Any Restricted Entity suffers final judgments against any of them since the date of this Agreement in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coverage, greater than $25,000,000 50,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 1 contract

Samples: Credit Agreement (Forum Energy Technologies, Inc.)

Adverse Judgment. Any Restricted Entity suffers has had entered against it unpaid final judgments against any of them since the date of this Agreement in an aggregate amount, amount (less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coverage, admit liability) greater than $25,000,000 5,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon any such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;; 122

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

Adverse Judgment. Any Restricted Entity suffers final judgments against any of them since the date of this Agreement that results in an aggregate amount, less any insurance proceeds covering such judgments which are received or as to which the insurance carriers have not denied coveragedenied, greater than $25,000,000 10,000,000 and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgments or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal, bond appeal or otherwise, shall not be in effect;

Appears in 1 contract

Samples: Credit Agreement (Nine Energy Service, Inc.)

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