Common use of Judgment Default Clause in Contracts

Judgment Default. One or more final non-appealable judgments or decrees shall be entered against a Credit Party involving in the aggregate a liability (to the extent not covered by insurance) of $1,000,000 or more with respect to any Borrower or $5,000,000 or more with respect to any Guarantor or Pledgor and all such judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within thirty (30) Business Days from the entry thereof; or

Judgment Default. One or more final non-appealable judgments or decrees shall be entered against a any Credit Party or any of its Subsidiaries involving in the aggregate a liability (to the extent not paid when due or covered by insurance) of $1,000,000 500,000 or more with respect to any Borrower or $5,000,000 or more with respect to any Guarantor or Pledgor and all such judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within thirty (30) Business Days days from the entry thereof; or

Judgment Default. One or more final non-appealable judgments or decrees shall be entered against a any Credit Party or any of its Subsidiaries involving in the aggregate a liability (to the extent not paid when due or covered by insuranceinsurance or by third party indemnification for which funds have been deposited into escrow) of $1,000,000 or more with respect to any Borrower or $5,000,000 or more with respect to any Guarantor or Pledgor and all such judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within thirty (30) Business Days 30 days from the entry thereof; or

Judgment Default. One or more final non-appealable judgments or decrees shall be entered against a any Credit Party or any of its Subsidiaries involving in the aggregate a liability (to the extent not paid when due or covered by insurance) of $1,000,000 or more with respect to any Borrower or $5,000,000 or more with respect to any Guarantor or Pledgor and all such judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within thirty (30) Business Days days from the entry thereof; or

Judgment Default. One or more final non-appealable judgments or decrees shall be entered against a any Credit Party or any of its Subsidiaries involving in the aggregate a liability (to the extent not paid when due or covered by insurance) of $1,000,000 or more with respect to any Borrower or $5,000,000 or more with respect to any Guarantor or Pledgor and all such judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within thirty (30) Business Days days from the entry thereof; or