Judgment Against Borrower Sample Clauses
The 'Judgment Against Borrower' clause establishes the lender's right to obtain a legal judgment against the borrower if the borrower defaults on their obligations under the agreement. In practice, this means that if the borrower fails to repay the loan or breaches other terms, the lender can pursue a court order requiring the borrower to pay the outstanding debt, which may then be enforced through legal means such as wage garnishment or asset seizure. This clause ensures that the lender has a clear legal pathway to recover owed amounts, thereby protecting their financial interests in the event of default.
Judgment Against Borrower. If any judgment against the Borrower or any attachment or other levy against the property of the Borrower with respect to a claim remains unpaid, unstayed on appeal, undischarged, unbonded, or undismissed for a period of thirty (30) days; or
Judgment Against Borrower. Any final judgment (i) is rendered against Borrower, (ii) is not paid, vacated or discharged within thirty (30) days after entry, and (iii) could reasonably have a material and adverse effect upon Borrower;
Judgment Against Borrower. G▇▇▇▇▇▇▇▇ agrees that any judgment rendered against Borrower for monies due on the Obligations shall in all respects bind and be conclusive against Guarantor as if Guarantor had appeared in any such proceedings and judgment therein had been rendered against Guarantor.
Judgment Against Borrower. The rendition by any court of a final judgment against the Borrower in an amount in excess of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00) which shall not be satisfactorily stayed, discharged, vacated, transferred to security or set aside within ninety (90) days of the making thereof; or the attachment of the property of the Borrower in an amount of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00) or more which has not been released or provided for to the satisfaction of the Lender within sixty (60) days after the making thereof.