Common use of Judgments; Penalties Clause in Contracts

Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an amount, individually or in the aggregate, of at least One Hundred Fifty Thousand Dollars ($150,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower or any of its Subsidiaries by any Governmental Authority, and the same are not, within ten (10) days after the entry, assessment or issuance thereof, discharged, or after execution thereof, or stayed pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions will be made prior to the discharge, or stay of such fine, penalty, judgment, order or decree);

Appears in 1 contract

Samples: Loan and Security Agreement (Augmedix, Inc.)

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Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an amount, individually or in the aggregate, of at least One Five Hundred Fifty Thousand Dollars ($150,000500,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower any Loan Party or any of its Subsidiaries by any Governmental Authority, and the same are not, within ten thirty (1030) days after the entry, assessment or issuance thereof, discharged, or after execution thereof, or stayed pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions will Term Loan Advances shall be made prior to the discharge, or stay of such fine, penalty, judgment, order or decree);; or

Appears in 1 contract

Samples: Loan and Security Agreement (COMPASS Pathways PLC)

Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an amount, individually or in the aggregate, of at least One Five Hundred Fifty Thousand Dollars ($150,000500,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower or any of its Subsidiaries by any Governmental Authority, and the same are not, within ten (10) days after the acceptance, entry, assessment or issuance thereof, discharged, or after execution thereof, or stayed pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions will be made prior to the discharge, or stay of such fine, penalty, judgment, order or decree);

Appears in 1 contract

Samples: Loan and Security Agreement (Mitek Systems Inc)

Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an amount, individually or in the aggregate, of at least One Five Hundred Fifty Thousand Dollars ($150,000500,000) (not covered by independent third-party insurance as to which liability has not been accepted rejected by such insurance carrier) shall be rendered against Borrower any Loan Party or any of its Subsidiaries by any Governmental Authority, and the same are not, within ten forty-five (1045) days after the entry, assessment or issuance thereof, discharged, or after execution thereof, or stayed pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions will Advances shall be made prior to the discharge, or stay of such fine, penalty, judgment, order or decree);; or

Appears in 1 contract

Samples: Loan and Security Agreement (Sight Sciences, Inc.)

Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an amount, individually or in the aggregate, of at least One Hundred Fifty Thousand Dollars ($150,000100,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower or any of its Subsidiaries by any Governmental Authority, and the same are not, within ten (10) days after the entry, assessment or issuance thereof, discharged, or after execution thereof, or stayed pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions will be made prior to the discharge, or stay of such fine, penalty, judgment, order or decree);

Appears in 1 contract

Samples: Loan and Security Agreement (Serve Robotics Inc. /DE/)

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Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an amount, individually or in the aggregate, of at least One Five Hundred Fifty Thousand Dollars ($150,000500,000) (not covered by independent third-party insurance as to which liability has not been accepted rejected by such insurance carrier) shall be rendered against Borrower any Loan Party or any of its Subsidiaries by any Governmental Authority, and the same are not, within ten (10) days after the entry, assessment or issuance thereof, discharged, or after execution thereof, or stayed pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions will Advances shall be made prior to the discharge, or stay of such fine, penalty, judgment, order or decree);; or

Appears in 1 contract

Samples: Working Capital Facility Agreement (Heron Therapeutics, Inc. /De/)

Judgments; Penalties. One or more fines, penalties or final judgments, orders or decrees for the payment of money in an amount, individually or in the aggregate, of at least One Hundred Fifty Thousand Five Million Dollars ($150,0005,000,000.00) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against any Borrower or any of its Subsidiaries by any Governmental Authority, and the same are not, within ten (10) days after the entry, assessment or issuance thereof, discharged, or after execution thereof, or stayed pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions will be made prior to the discharge, or stay of such fine, penalty, judgment, order or decree);

Appears in 1 contract

Samples: Loan and Security Agreement (Outbrain Inc.)

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