Common use of Monetary Judgment Clause in Contracts

Monetary Judgment. One or more judgments for the payment of money in an aggregate amount in excess of $50,000 shall be rendered against the Borrower, and shall remain unpaid or undischarged, or a stay of execution thereof shall not be obtained, within thirty (30) days from the date of entry thereof.

Appears in 5 contracts

Samples: Loan and Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.), Security Agreement (GWG Holdings, Inc.)

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Monetary Judgment. One or more judgments for the payment of money shall be rendered against the Borrower in an aggregate amount in excess of $50,000 shall be rendered [*] or against the BorrowerImperial in an aggregate amount in excess of [*], and and, in each case, shall remain unpaid or undischarged, or a stay of execution thereof shall not be obtained, within thirty (30) days from the date of entry thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.), Assignment and Assumption Agreement (Imperial Holdings, Inc.)

Monetary Judgment. One or more judgments for the payment of money shall be rendered against the Borrower in an aggregate amount in excess of $50,000 shall be rendered or against the BorrowerImperial in an aggregate amount in excess of $3,000,000, and and, in each case, shall remain unpaid or undischarged, or a stay of execution thereof shall not be obtained, within thirty (30) days from the date of entry thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Capital, Inc.)

Monetary Judgment. One or more judgments for the payment of money shall be rendered against the Borrower in an aggregate amount in excess of $50,000 shall be rendered [*] or against the BorrowerImperial in an aggregate amount in excess of $[*], and and, in each case, shall remain unpaid or undischarged, or a stay of execution thereof shall not be obtained, within thirty (30) days from the date of entry thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Imperial Holdings, Inc.)

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Monetary Judgment. One or more judgments for the payment of money in an aggregate amount in excess of $50,000 shall be rendered against the Borrower, and shall remain unpaid or undischarged, or a stay of execution thereof shall not be obtained, within thirty ten (3010) days from the date of entry thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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