Money Judgments Sample Clauses

Money Judgments. An uninsured judgment for the payment of money in excess of $10,000.00 shall be entered against Borrower, or any Guarantor, or any attachment, execution or garnishment shall be issued or filed against any of the property of the Borrower, or any Guarantor and shall not be released or discharged within ten (10) days.
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Money Judgments. Any judgment or final order for the payment of money, the payment or non-payment of which would have a material adverse effect on Borrower, shall be rendered against Borrower and (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order and (ii) there shall be a period of ten (10) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal, continuance of such case or proceeding or otherwise, shall not be in effect, unless the validity thereof shall be continually contested in good faith, by appropriate proceedings diligently pursued. Borrower shall have set aside on its books adequate and properly designated reserves satisfactory to Lender with respect thereto;
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Money Judgments. THE OBLIGATIONS CONTAINED IN THIS LEASE TO BE PERFORMED BY LANDLORD SHALL BE BINDING ON LANDLORD'S SUCCESSORS AND ASSIGNS, ONLY DURING THEIR RESPECTIVE PERIODS OF OWNERSHIP. NEITHER LANDLORD NOR ANY OF ITS MEMBERS, PARTNERS, PRINCIPALS, SHAREHOLDERS, TRUSTEES, BENEFICIARIES OR OTHER PARTY HAVING AN INTEREST IN LANDLORD SHALL BE UNDER ANY PERSONAL LIABILITY WITH RESPECT TO ANY OF THE PROVISIONS, COVENANTS OR AGREEMENTS OF THIS LEASE. IF LANDLORD BECOMES OBLIGATED TO PAY TENANT A MONEY JUDGMENT ARISING OUT OF ANY FAILURE BY LANDLORD TO PERFORM ANY OF ITS OBLIGATIONS UNDER THIS LEASE, TENANT SHALL BE LIMITED FOR THE SATISFACTION OF THE MONEY JUDGMENT SOLELY TO LANDLORD'S INTEREST IN THE PROPERTY AND ANY INSURANCE PROCEEDS OR SALE PROCEEDS RELATING THERETO, AND NO OTHER PROPERTY OR ASSETS OF LANDLORD SHALL BE SUBJECT TO LEVY, EXECUTION OR OTHER ENFORCEMENT PROCEDURE WHATSOEVER FOR THE SATISFACTION OF THE MONEY JUDGMENT.
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Money Judgments. The Borrower suffers a final judgment for payment of money which shall not be on appeal and does not discharge the same within a period of thirty (30) days.
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Money Judgments. If Landlord shall be in default under this Lease and, if as a consequence of such default, Tenant shall have the right to recover a money judgment against Landlord, then such judgment shall be satisfied only out of the right, title, and interest of Landlord in the Project as the same may then be encumbered. If such judgment cannot be satisfied in full in such a manner, then Tenant may offset Rent until it has satisfied the full amount of such judgment. In no event shall Tenant have the right to levy execution against any property of Landlord other than its interest in the Project as hereinbefore expressly provided.
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Related to Money Judgments

  • Money Judgment A judgment or order for the payment of money in excess of $5,000,000 or otherwise having a Materially Adverse Effect shall be rendered against Borrower or any other Consolidated Company and such judgment or order shall continue unsatisfied (in the case of a money judgment) and in effect for a period of 30 days during which execution shall not be effectively stayed or deferred (whether by action of a court, by agreement or otherwise);

  • Monetary Judgments One or more non-interlocutory judgments, non-interlocutory orders, decrees or arbitration awards is entered against the Company or any Subsidiary involving in the aggregate a liability (to the extent not covered by independent third-party insurance as to which the insurer does not dispute coverage) as to any single or related series of transactions, incidents or conditions, of $20,000,000 or more, and the same shall remain unsatisfied, unvacated and unstayed pending appeal for a period of 10 days after the entry thereof; or

  • Non-Monetary Judgments Any non-monetary judgment, order or decree is entered against the Company or any Subsidiary which does or would reasonably be expected to have a Material Adverse Effect, and there shall be any period of 10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or

  • Attachments; Judgments Any portion of Borrower’s assets is attached or seized, or a levy is filed against any such assets, or a judgment or judgments is/are entered for the payment of money, individually or in the aggregate, of at least $250,000, or Borrower is enjoined or in any way prevented by court order from conducting any part of its business; or

  • Final Judgments or Orders Any final judgments or orders for the payment of money in excess of $5,000,000 in the aggregate shall be entered against any Loan Party by a court having jurisdiction in the premises, which judgment is not discharged, vacated, bonded or stayed pending appeal within a period of thirty (30) days from the date of entry;

  • Declaratory Judgment Actions In the event that a declaratory judgment action is brought against M.I.T. or COMPANY by a third party alleging invalidity, unenforceability, or non-infringement of the PATENT RIGHTS, M.I.T., at its option, shall have the right within twenty (20) days after commencement of such action to take over the sole defense of the action at its own expense. If M.I.T. does not exercise this right, COMPANY may take over the sole defense of the action at COMPANY's sole expense, subject to Sections 7.4 and 7.5.

  • No Judgments or Litigation Except as set forth on Attachment B, no judgments, orders, writs or decrees are outstanding against Customer nor is there now pending or, to the best of Customer's knowledge after due inquiry, threatened, any litigation, contested claim, investigation, arbitration, or governmental proceeding by or against Customer.

  • Judgments To the extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement, (ii) for the payment of any amount relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in (i) or (ii) above, the party seeking recovery, after recovery in full of the aggregate amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency received by such party as a consequence of sums paid in such other currency and will refund promptly to the other party any excess of the Contractual Currency received by such party as a consequence of sums paid in such other currency if such shortfall or such excess arises or results from any variation between the rate of exchange at which the Contractual Currency is converted into the currency of the judgment or order for the purposes of such judgment or order and the rate of exchange at which such party is able, acting in a reasonable manner and in good faith in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment or order actually received by such party. The term "rate of exchange" includes, without limitation, any premiums and costs of exchange payable in connection with the purchase of or conversion into the Contractual Currency.

  • Litigation and Judgments Except as specifically disclosed in Schedule 6.5 as of the date hereof, there is no action, suit, investigation, or proceeding before or by any Governmental Authority or arbitrator pending, or to the knowledge of Borrower, threatened against or affecting Borrower, any of its Subsidiaries, or any other Obligated Party that could, if adversely determined, result in a Material Adverse Event. There are no outstanding judgments against Borrower, any of its Subsidiaries, or any other Obligated Party.

  • Enforcement of Foreign Judgments Any final judgment for a fixed or determined sum of money rendered by any U.S. federal or New York state court located in the State of New York having jurisdiction under its own laws in respect of any suit, action or proceeding against the Company based upon this Agreement, the Registration Statement, the Pricing Disclosure Package and the Prospectus would be declared enforceable against the Company by the courts of Bermuda, without reconsideration or reexamination of the merits.

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