Common use of JUDGMENTS; ATTACHMENT; ETC Clause in Contracts

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.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Aduddell Industries Inc), Revolving Line of Credit Agreement (Aduddell Industries Inc)

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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 30 Business Days.

Appears in 2 contracts

Samples: Term Loan Agreement (Transgenomic Inc), Credit Agreement (Transgenomic Inc)

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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 a liability (not paid or fully covered by insurance, less the amount of commercially reasonable deductibles) in excess of $500,000100,000, remains unpaid, unstayed on appeal, undischarged, unbonded unbonded, or undismissed for a period of 60 Business Dayssixty (60) days.

Appears in 1 contract

Samples: Loan Agreement (Hotelworks Com Inc)

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