JUDGMENTS; ATTACHMENT; ETC Sample Clauses
The "Judgments; Attachment; Etc" clause primarily addresses the consequences and procedures if a party becomes subject to a court judgment, legal attachment, or similar legal process. In practice, this clause typically outlines the rights and remedies available to the non-affected party, such as the ability to declare a default or accelerate obligations if the other party's assets are seized or encumbered by a third party. Its core function is to protect the interests of the parties by ensuring that legal actions against one party do not jeopardize the contractual relationship or the enforceability of obligations.
JUDGMENTS; ATTACHMENT; ETC. Any one or more judgments or orders is entered against a Covered Person or any attachment or other levy is made against the property of a Covered Person with respect to a claim or claims involving in the aggregate liabilities (not paid or fully covered by insurance, less the amount of reasonable deductibles in effect on the Execution Date) in excess of $250,000, becomes final and non-appealable or if timely appealed is not fully bonded and collection thereof stayed pending the appeal.
JUDGMENTS; ATTACHMENT; ETC. Any one or more judgments or orders against the Borrower or any attachment or other levy against the property of the Borrower with respect to a claim or claims, involving in the aggregate liabilities (not paid or fully covered by insurance, less the amount of reasonable deductibles) in excess of $500,000, remains unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of 60 Business Days.
JUDGMENTS; ATTACHMENT; ETC. Any one or more judgments or orders is entered against a Covered Person or any attachment or other levy is made against the property of a Covered Person with respect to a claim or claims involving in the aggregate liabilities (not paid or fully covered by insurance, less the amount of deductibles satisfactory to Requisite Lenders) greater than $3,000,000 becomes final and non-appealable and is not fully discharged within 45 days thereafter, or if timely appealed is not fully bonded and collection thereof stayed pending the appeal; or (i)
JUDGMENTS; ATTACHMENT; ETC. Any one or more judgments or orders against the Borrower or any attachment or other levy against the property of the Borrower with respect to a claim or claims, involving in the aggregate liabilities (not paid or fully covered by insurance, less the amount of reasonable deductibles) in excess of $500,000, remains unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of 30 Business Days.
JUDGMENTS; ATTACHMENT; ETC. Any one or more judgments or orders is entered against Borrower or any attachment or other levy is made against the property of Borrower, including but not limited to the Collateral, with respect to a claim or claims involving in the aggregate liabilities (not paid or fully covered by insurance, less the amount of deductibles satisfactory to Lender) greater than $250,000 becomes final and non- appealable or if timely appealed is not fully bonded and collection thereof stayed pending the appeal.
JUDGMENTS; ATTACHMENT; ETC. Any one or more judgments or orders against Mort▇▇▇▇▇ ▇▇ excess of $100,000 or any attachment or other levy against any of the Collateral remains unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of thirty (30) days.
JUDGMENTS; ATTACHMENT; ETC. Any one or more judgments or orders is entered against Borrower or any attachment or other levy is made against the property of Borrower, including but not limited to the Collateral, with respect to a claim or claims involving in the aggregate liabilities (not paid or fully covered by insurance, less the amount of deductibles satisfactory to Lender on the Execution Date) greater than $100,000, and, in the case of a judgment or order, such judgment or order becomes final and non-appealable or if timely appealed is not fully bonded and collection thereof stayed pending the appeal; or any Covered Person enters into an agreement to settle any claim or controversy and the total amount (at current value based on a capitalization rate of 10%) of the monetary Obligations of such Covered Person under such agreement is in excess of $100,000.