Common use of Adverse Judgment Clause in Contracts

Adverse Judgment. Final judgments or orders for the payment, singly or in the aggregate, of US$5,000,000 (or the foreign currency equivalent thereof) or more (excluding any amounts covered by insurance) is rendered against the Company or any Subsidiary of the Company, which judgment or order is not paid, bonded or otherwise discharged or stayed within 60 calendar days after the earlier of (i) the date on which the right to appeal thereof has expired if no such appeal has commenced and (ii) the date on which all rights to appeal have been extinguished;

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (NaaS Technology Inc.), Convertible Note Purchase Agreement (NaaS Technology Inc.), Convertible Note Purchase Agreement (iClick Interactive Asia Group LTD)

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Adverse Judgment. Final judgments or orders A final judgment for the payment, singly or in the aggregate, payment of US$5,000,000 5 million (or the foreign currency equivalent thereof) or more (excluding any amounts covered by insurance) is rendered against the Company or any Significant Subsidiary of the Company, which judgment or order is not paid, bonded or otherwise discharged or stayed within 60 calendar days after the earlier of (i) the date on which the right to appeal thereof has expired if no such appeal has commenced and (ii) the date on which all rights to appeal have been extinguished;

Appears in 2 contracts

Samples: Convertible Notes Purchase Agreement (Ctrip Com International LTD), Indenture (MakeMyTrip LTD)

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Adverse Judgment. Final judgments or orders A final judgment for the payment, singly or in the aggregate, payment of US$5,000,000 USD$500,000 (or the foreign currency equivalent thereof) or more (excluding any amounts covered by insurance) is rendered against the Company or any Subsidiary of the CompanySignificant Subsidiary, which judgment or order is not paid, bonded or otherwise discharged or stayed within 60 calendar sixty (60) days after the earlier of (i) the date on which the right to appeal thereof has expired if no such appeal has commenced and (ii) the date on which all rights to appeal have been extinguished;.

Appears in 1 contract

Samples: Joinder Agreement (Aptorum Group LTD)

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