Judgments, Etc Clause Samples
The "Judgments, Etc" clause defines how court judgments, orders, or similar legal determinations are treated under the agreement. Typically, this clause clarifies whether such judgments are binding on the parties, how they may be enforced, and if they trigger any obligations or rights, such as payment or performance. For example, it may specify that a final, non-appealable judgment for damages must be paid promptly by the liable party. The core function of this clause is to ensure that legal decisions are recognized and acted upon within the contractual relationship, thereby providing certainty and a clear process for handling legal outcomes.
Judgments, Etc. No judgment, writ, order, injunction, award or decree of or by any court, or judge, justice or magistrate, including any bankruptcy court or judge, or any order of or by any governmental authority, shall have been issued, and no action or proceeding shall have been instituted by any governmental authority, enjoining or preventing the consummation of the transactions contemplated hereby or in the other Transaction Documents.
Judgments, Etc. Except as previously disclosed in writing to the Agent, neither the Borrower nor any of its Subsidiaries is subject to any judgment, order, writ, injunction, decree or award, or to any restriction, rule or regulation (other than customary or ordinary course restrictions, rules and regulations consistent or similar with those imposed on other persons engaged in similar businesses) which has not been stayed, or of which enforcement has not been suspended, which have resulted in a liability, obligation or judgment in excess of the Threshold Amount or has had or would reasonably be expected to have a Material Adverse Effect.
Judgments, Etc. A conviction against or ruling, order or judgment in favour of or against a Party may be enforced by or against the Amalgamated Corporation.
Judgments, Etc. It is not subject to any judgment, order, writ, injunction, decree or award, or to any restriction, rule or regulation (other than customary or ordinary course restrictions, rules and regulations consistent or similar with those imposed on other Persons engaged in similar businesses) which has not been stayed or of which enforcement has not been suspended which restrains, prohibits or delays the execution and delivery of the Credit Documents.
Judgments, Etc. Judgment, federal tax lien and corporate tax lien searches against each Borrower, in all applicable filing offices of each state searched under Section 3.04(a) hereof.
Judgments, Etc. Neither of the Borrowers nor any of their respective Subsidiaries or any other Credit Party is subject to any judgment, order, writ, injunction, decree or award, or to any restriction, rule or regulation (other than customary or ordinary course restrictions, rules and regulations consistent or similar with those imposed on other Persons engaged in similar businesses) that has not been stayed or of which enforcement has not been suspended, which would reasonably be expected to exceed $1,000,000 in the aggregate.
Judgments, Etc. Immediately give each Lender written notice of any judgment, attachment, levy, or execution against the Borrower or any assets of the Borrower or any Subsidiary which involves (i) an amount of $2,000,000 or more in excess of the amount covered by insurance or book reserves, or (ii) an amount in excess of $15,000,000, and establish or cause to be established appropriate and adequate reserves to cover any such claim, levy, attachment, or execution in any amount satisfactory to its independent certified public accountants.
Judgments, Etc. At the date given, no Obligor is subject to any judgment, order, writ, injunction, decree or award, or to any restriction, rule or regulation (other than customary or ordinary course restrictions, rules and regulations consistent or similar with those imposed on other Persons engaged in similar businesses) which has not been lifted or stayed or of which enforcement has not been suspended for a period of 15 days or more in an amount (individually or in the aggregate for all Obligors) in excess of the lesser of (a) [AMOUNT REDACTED] and (b) [PERCENTAGE REDACTED] of EBITDA (calculated on a last twelve months basis).
Judgments, Etc. Judgment, federal and state tax lien searches against the Borrowers, in all applicable filing offices of each state searched under subparagraph (a) above.
Judgments, Etc. Allow any number of judgments for the payment of money in excess of the aggregate sum of $100,000.00 excluding amounts with respect to which an insurance carrier admits full coverage (except for applicable deductibles), to remain unsatisfied against it for a period of thirty (30) consecutive days, unless execution thereof is stayed.