Judgments and Liens Sample Clauses

Judgments and Liens. Promptly after the commencement thereof, notice of any attachment, judgment, lien, levy or order exceeding $25,000,000 that may be assessed against or threatened against any Credit Party other than Permitted Liens.
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Judgments and Liens. Neither the Securityholders nor the Company shall create, incur, assume or permit to exist any mortgage, lien, security interest, charge or encumbrance on any property or assets now owned or hereafter acquired by the Company except: (a) Liens arising out of judgments or awards (i) which have been in force less than the applicable appeal period so long as execution is not levied thereunder, or (ii) in respect of which the Company shall in good faith be prosecuting an appeal or proceedings for review and in respect of which the Company shall have secured a subsisting stay of execution pending such appeal or proceedings for review; (b) Liens for taxes, assessments or governmental charges or levies, provided payment thereof shall not at the time be required; (c) Deposits, liens, bonds or pledges to secure payment of worker's compensation, unemployment insurance, pensions or other social obligations, surety, stay or appeal bonds, or other similar obligations arising in the ordinary course of business; (d) Mechanic's, worker's, repairmen's, warehousemen's, vendor's, or carrier's liens, or other similar liens arising in the ordinary course of business and securing sums which are not past due, or deposits or pledges to obtain the release of any such liens; (e) Liens arising by operation of law under lease agreements made in the ordinary course of business and confined to the property rented; (f) Liens on property securing the purchase price of property acquired after the date hereof provided that each of such lien (i) is given solely to secure indebtedness not exceeding one hundred percent (100%) of the lesser of the cost or fair market value of such property, (ii) does not extend to any other property and (iii) is given at the time of acquisition of the property; (g) Presently outstanding liens; (h) liens and encumbrances securing indebtedness to Senior Creditors; and (i) Extension, renewal or refunding of indebtedness secured by liens permitted by this Section 7.11, provided that the then outstanding amount of such indebtedness is not increased and such liens do not extend to property not then encumbered thereby.
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Judgments and Liens. If a final judgment or judgments for the payment of money in excess of the sum of Fifty Thousand Dollars ($50,000.00) in the aggregate shall be rendered against the Borrower, and such judgment or judgments shall remain unsatisfied and in effect and shall not have been discharged within thirty (30) consecutive days after the entry thereof and execution thereon shall not have been stayed pending appeal, or if so stayed, ten (10) days after the expiration of such stay.
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Judgments and Liens. If a final judgment or judgments for the payment of money in excess of the sum of Two Hundred Fifty Thousand ($250,000) Dollars in the aggregate shall be rendered against either Borrower, Citizens or Farmers and such judgment or judgments shall remain unsatisfied and in effect and shall not have been discharged by the last to occur of: (i) the expiration of thirty (30) consecutive days after the entry thereof, if execution thereon shall not have been stayed pending appeal, or (ii) if so stayed, thirty (30) days after the expiration of such stay; or if a lien or notice of lien is filed against any of Borrower’s, Citizens’ or Farmers’ assets (other than a lien of ad valorem taxers not yet due and payable or any mechanics’ or materialmen or suppliers’ lien filed pursuant to applicable law for monies not yet due and payable), and the same is not released within twenty (20) days after the filing thereof.
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Judgments and Liens. If a final judgment or judgments for the payment of money in excess of the sum of $250,000.00 in the aggregate (excluding any amounts covered by insurance) shall be rendered against any of Borrowers and such judgment or judgments shall remain unsatisfied and in effect and shall not have been discharged within forty-five (45) consecutive days after the entry thereof and execution thereon shall not have been stayed pending appeal, or if so stayed, ten (10) days after the expiration of such stay, or if a lien or notice of lien is filed against any of Borrowers’ assets (other than Permitted Encumbrances), including mechanics’ or materialmens’ liens and state or federal tax liens, or if an action to enforce a lien upon or security interest in any of Borrowers’ assets, is commenced.
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Judgments and Liens. On the Closing Date, the Seller will be free and clear of all judgments and liens.
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Judgments and Liens. There are no judgments, liens, encumbrances or other security interests (i) affecting the Collateral other than Glenayre's purchase money security interest therein or (ii) otherwise outstanding against Maker or its Subsidiaries or any of their respective properties which would have a Material Adverse Effect on any of them.
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Judgments and Liens. There are no judgments, actions, or proceedings now or at Closing, pending or threatened against County which could or would restrain or impair consummation of this Agreement or performance by County of any of its obligations hereunder.
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Judgments and Liens. Satisfy all material judgments and liens. ------------------- V NEGATIVE COVENANTS ------------------ Each of the Borrowers covenants and agrees that so long as Trade Bank remains committed to make any Credit Extensions to Borrowers and until all Obligations have been paid, such Borrower will not, without the prior written consent of Trade Bank:
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Related to Judgments and Liens

  • Liens 8.1 To the fullest extent permitted by law, Contractor shall not permit any laborer’s, materialmen’s, mechanic’s or other similar liens to be recorded, filed or otherwise imposed on any part of the Work or the property on which the Work is performed by its Subcontractors except for any such laborer’s, materialmen’s, mechanic’s or other similar liens filed or imposed on any part of the Work, or the real property on which the Work is situated, to the extent of MSG’s failure to pay Contractor amounts that are due and owing (and not disputed) in accordance with the Contract Documents. 8.2 If any such laborer’s, materialmen’s, mechanic’s, or other similar lien or claim is recorded or filed and if Contractor does not cause such lien to be released or discharged (by payment, bonding or otherwise) within ten (10) Days after written notice from MSG, then MSG shall have the right to pay all sums necessary to obtain such release or discharge and recover such sums from Contractor, including via setoff against amounts to be paid to Contractor. 8.3 In the event a lien of any type is recorded or filed against the Work, or the real property on which the Work is situated, MSG has the unconditional right to investigate the reason for said lien. If MSG exercises such right, then Contractor shall fully disclose the circumstances surrounding the lien, and Contractor shall require all Subcontractors to comply with this requirement. Contractor shall immediately notify any bonding company or other surety, as applicable, of any lien. 8.4 Contractor agrees to fully indemnify, defend and hold harmless the MSG Parties from and against any and all Claims resulting from such lien, claim, security interest or other encumbrance. MSG may withhold from any undisputed amount due or to become due to Contractor an amount sufficient to remove and discharge such encumbrance until Contractor has removed and discharged such encumbrance as required by this Article 8. 8.5 If Contractor has not removed and discharged a lien, claim, security interest or other encumbrance covered by this Article 8 within ten (10) Days after being notified of the same, MSG may cause the encumbrance to be removed and discharged, whereupon for purposes of this Agreement, all amounts reasonably paid to discharge the encumbrance and all amounts reasonably incurred by MSG in connection with the encumbrance (including, but not limited to, reasonable attorney’s fees) shall be recoverable by MSG from Contractor, as a reimbursement or as a set off against amounts to be paid to Contractor.