Final judgement Clause Samples

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Final judgement. An Obligor or any member of the Group fails to pay any sum due from it under any final judgement or final order made or given by any court of competent jurisdiction.
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Final judgement. Any decision or award resulting from arbitration shall be final and binding upon the parties. The parties hereto hereby waive, to the extent permitted by law, any rights to appeal or to review of such award by any court or tribunal. The parties hereto agree that the arbitral award may be enforced against the parties to the arbitration proceeding or their assets wherever they may be found and that a judgement upon the arbitral award may be entered in any court having jurisdiction thereof.
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Final judgement. A non-appealable judgment rendered by a court with lawful jurisdiction and authority that orders the Association is or shall be dissolved. If the Association is dissolved, after satisfying all debts and obligations of the Association, any remaining assets of the Association shall be disposed of in one of the following manners, as approved by a majority of the Members then entitled to vote under the Association's Bylaws: 1. the remaining assets shall be conveyed, in whole, to an "Eligible Entity" as that term is defined below; or 2. the remaining assets shall be liquidated and the proceeds thereof distributed as follows: a. First, to the then-current Members, a payment shall be made calculated by multiplying the total amount of such proceeds by a fraction the numerator of which is the total value of all cash and non-cash support (not including annual maintenance fees) a Member has paid or provided to the Association and the denominator of which is the total value of all cash and non-cash support (not including annual maintenance fees) that all Members have paid or provided to the Association (including, to the extent they can be calculated with reasonable accuracy, the value of all cash and non-cash support provided to WECAN by the Founding Members as of the Effective Date), all as determined by the Association's records as supplemented by any additional records that the Executive Committee deems reliable. Notwithstanding the foregoing, no Member may receive a payment in excess of 100% of the total amount of cash and non- cash support that Member provided to the Association (not including annual maintenance fees), the intent being that no Member shall profit from the disposition of the Association's assets upon the dissolution of the Association; and b. any remaining assets shall be distributed to one or more Eligible Entities. 3. Fiber that was conveyed to the association by the founding members will revert back to the original “Charter Member” who purchased and installed fiber with the original “IRU”. Fiber Optic “Laterals” will remain the property of the “Member” who installed them.
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Final judgement. A final non-appealable judgment by any competent court in the United States for the payment of money in an amount of at least $100,000 is rendered against Assignor, and the same remains undischarged and unpaid for a period of 60 days during which execution of such judgment is not effectively stayed.
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Final judgement. Final judgment for the payment of money in excess of $500,000 or final judgments for the payment of money in excess of $500,000 in the aggregate shall be rendered against Lessee or Guarantor unless such judgment(s) shall have been stayed, insured against or adequate reserves for the payment thereof shall have been set aside in accordance with generally accepted accounting principles.
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Related to Final judgement

  • Final Judgment The Arbitration Award shall be final and binding upon the parties thereto and shall be the sole and exclusive remedy between such parties relating to the Dispute, including any claims, counterclaims, issues or accounting presented to the arbitrators. Judgment upon the Arbitration Award may be entered in any court having jurisdiction. To the fullest extent permitted by law, no application or appeal to any court of competent jurisdiction may be made in connection with any question of law arising in the course of arbitration or with respect to any award made except for actions relating to enforcement of this agreement to arbitrate or any arbitral award issued hereunder and except for actions seeking interim or other provisional relief in aid of arbitration proceedings in any court of competent jurisdiction.

  • Final Judgments or Orders Any final judgments or orders for the payment of money in excess of $5,000,000 in the aggregate shall be entered against any Loan Party by a court having jurisdiction in the premises, which judgment is not discharged, vacated, bonded or stayed pending appeal within a period of thirty (30) days from the date of entry;

  • No Action or Proceeding No legal or regulatory action or proceeding shall be pending or threatened by any person to enjoin, restrict or prohibit the purchase and sale of the Purchased Shares contemplated hereby;

  • No Material Judgment or Order There shall not be on the Closing Date any judgment or order of a court of competent jurisdiction or any ruling of any Governmental Authority or any condition imposed under any Requirement of Law which, in the judgment of the Purchasers, would prohibit the purchase of the Securities hereunder or subject the Purchasers to any penalty or other onerous condition under or pursuant to any Requirement of Law if the Securities were to be purchased hereunder.

  • AMENDED JUDGMENT If any amended judgment is required under Code of Civil Procedure section 384, the Parties will work together in good faith to jointly submit and a proposed amended judgment.