NONMONETARY JUDGMENTS. Any nonmonetary judgment or order shall be rendered against any Obligor that would have a Material Adverse Effect and either (i) enforcement proceedings shall have been commenced by any person upon such judgment or order, or (ii) there shall be any period of 60 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.
Appears in 6 contracts
Samples: Credit and Security Agreement (Ultralife Corp), Third Amendment Agreement (Ultralife Corp), Credit and Security Agreement
NONMONETARY JUDGMENTS. Any nonmonetary judgment or order shall be rendered against any Obligor Company that would have a Material Adverse Effect and either (i) enforcement proceedings shall have been commenced by any person upon such judgment or order, or (ii) there shall be any period of 60 thirty (30) 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.
Appears in 1 contract
Samples: Credit and Security Agreement (Ctpartners Executive Search LLC)
