Common use of Judgments Against Guarantor and Designated Obligors Clause in Contracts

Judgments Against Guarantor and Designated Obligors. One or more judgments or decrees shall be entered against the Guarantor or any of the Designated Obligors involving in the Dollar Equivalent aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage) of $100,000,000 or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within thirty (30) days from the entry thereof;

Judgments Against Guarantor and Designated Obligors. One or more judgments or decrees shall be entered against the Guarantor or any of the Designated Obligors involving in the Dollar Equivalent aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage) of $100,000,000 50,000,000 or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within thirty (30) days from the entry thereof;