Common use of Judgments, Etc Clause in Contracts

Judgments, Etc. Borrower shall not allow any judgment or judgments for the payment of money in excess of the aggregate sum of Fifty Thousand and No/100 Dollars ($50,000.00), excluding amounts with respect to which an insurance carrier admits full coverage (except for applicable deductibles), to remain undischarged, unvacated, unbonded in full or unstayed for a period of sixty (60) days, unless execution thereof is stayed by a court of competent jurisdiction.