Failure to pay final judgment Sample Clauses
The 'Failure to pay final judgment' clause establishes the consequences and procedures that apply if a party does not satisfy a court-ordered monetary judgment within a specified timeframe. Typically, this clause outlines the steps the non-breaching party may take, such as accruing interest on the unpaid amount, pursuing additional legal remedies, or enforcing the judgment through collection actions. Its core practical function is to incentivize timely payment of court-ordered sums and provide a clear recourse for the party entitled to payment, thereby reducing uncertainty and encouraging compliance with legal obligations.
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Failure to pay final judgment. An Obligor or a Security Provider fails to comply with or pay any sum in excess of US$10,000,000 (or its equivalent in any other currency or currencies) due from it under any final judgment or any final order made or given by any court of competent jurisdiction within the period specified in the relevant judgment or if no period is specified within 10 Business Days of such final judgment being issued.
Failure to pay final judgment. The Borrower fails to comply with or pay any sum due from it under any final judgment or any final order made or given by any court of competent jurisdiction.
Failure to pay final judgment. Any Obligor or member of the Group fails to comply with or pay any sum due from it under any final judgment or any final order made or given by any court of competent jurisdiction within the period specified in the relevant judgment or if no period is specified within fifteen
Failure to pay final judgment. Any Obligor or member of the Group fails to comply with or pay any sum due from it under any final judgment or any final order made or given by any court of competent jurisdiction within the period specified in the relevant judgment or if no period is specified within fifteen BBC Rider Clause (▇▇▇▇▇▇▇▇▇▇) (20180426) (15) days of such final judgment being issued.
Failure to pay final judgment. An Obligor fails to comply with or pay any sum due from it under any final judgment or any final order (which, if capable of being appealed, is not appealed within the time limit allowed by law) made or given by any court of competent jurisdiction, which is in excess of one million five hundred thousand Dollars (US$1,500,000).
Failure to pay final judgment. The Borrower fails to comply with or pay any sum in excess of US$5,000,000 (or its equivalent in any other currency or currencies) due from it under any final judgment or any final order made or given by any court of competent jurisdiction within the period specified in the relevant judgment or if no period is specified within 10 Business Days of such final judgment being issued.
Failure to pay final judgment. The Borrower fails to pay a final and unappealable judgment or court order, or final and appealable judgments or court orders within the time originally allowed for payment.
Failure to pay final judgment. A Security Party fails to comply with or pay any sum due from it under any final judgment or any final order made or given by any court of competent jurisdiction.
Failure to pay final judgment. Any Obligor or Material Subsidiary fails to comply with or pay any sum due in excess of US$10,000,000 (or its equivalent in other currencies as determined by the Agent) in aggregate from it under any final judgment or final order made or given by any court of competent jurisdiction.