Common use of Judgments and Liens Clause in Contracts

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.

Appears in 2 contracts

Samples: Loan Agreement (Robcor Properties Inc), Loan Agreement (Robcor Properties Inc)

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Judgments and Liens. If a final judgment or judgments for the payment of money in excess of the sum of One Hundred Fifty Thousand Dollars ($50,000.00150,000) in the aggregate shall be rendered against the Borrower, Borrower and such judgment or judgments shall remain unsatisfied and in effect and shall not have been discharged within by the last to occur of: [i] the expiration of thirty (30) consecutive days after the entry thereof and thereof, if execution thereon shall not have been stayed pending appeal, or [ii] if so stayed, ten thirty (1030) days after the expiration of such stay.

Appears in 1 contract

Samples: Loan Agreement (Large Scale Biology Corp)

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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, Borrower and such judgment or judgments shall remain unsatisfied and in effect and shall not have been discharged within thirty sixty (3060) (60) consecutive days after the entry of such judgment or judgments unless execution thereof and execution thereon shall not have been stayed pending appeal, or if so stayed, then ten (10) days after the expiration of such stay.

Appears in 1 contract

Samples: Loan Agreement (Freedom Financial Corporation/In/)

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