Payment of Judgments. Any Company fails to pay any judgments or orders for the payment of money in excess of 1 percent of Consolidated Net Worth (individually or collectively) rendered against it or any of its assets and either (a) any enforcement proceedings shall have been commenced by any creditor upon any such judgment or order or (b) a stay of enforcement of any such judgment or order, by reason of pending appeal or otherwise, shall not be in effect prior to the time its assets may be lawfully sold to satisfy such judgment.
Payment of Judgments. The Company or any of its Material Subsidiaries fails to pay any judgment or order for the payment of money in excess of $50,000,000 rendered against it or any of its assets (exclusive of judgment amounts fully covered by insurance where the insurer has admitted liability in respect thereof) and either (i) any enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) the same shall not be discharged (or provisions shall not be made for such discharge), or a stay of execution thereof shall not be procured, within 30 days from the date of entry thereof and the Company or the relevant Material Subsidiary shall not, within said period of 30 days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal.
Payment of Judgments. Any Company fails to pay any final, non-appealable judgment or order for the payment of money in excess of $20,000,000 rendered against it or any of its assets and enforcement proceedings shall have been commenced by any creditor upon any such judgment or order and remain unstayed. Notwithstanding the foregoing sentence, it shall not be a Default if the validity or amount of such judgment or order is being contested in good faith by lawful proceedings diligently conducted and a reserve or other provision required by GAAP has been made.
Payment of Judgments. One or more judgments for the payment of money in an aggregate amount in excess of $50,000,000 (or the Dollar Equivalent Value thereof) shall be rendered against EDS, any EDS Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of EDS or any EDS Subsidiary to enforce any such judgment.
Payment of Judgments. Borrowers fail to pay any money judgment in excess of $50,000 against them or their assets at least ten days prior to the date on which any of Borrowers’ Property may be sold to satisfy such judgment.
Payment of Judgments. The Company or any of its Material Subsidiaries fails to pay any final judgment or order for the payment of money in excess of $150,000,000 rendered against it or any of its assets (exclusive of any judgment or order the amounts of which are fully covered by insurance less any applicable deductible and as to which the insurer has been notified of such judgment or order and has not denied coverage in respect thereof) and either (i) any enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) the same shall not be stayed, vacated, satisfied, discharged or bonded pending appeal (or provisions shall not be made for such stay, vacation, satisfaction, discharge or bond), or a stay of execution thereof shall not be procured, within 60 days from the date of entry thereof and the Company or the relevant Material Subsidiary shall not, within said period of 60 days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal.
Payment of Judgments. Borrower should fail to pay any money judgment against it or its assets at least ten (10) days prior to the date on which Borrower's assets may be sold lawfully to satisfy such judgment.
Payment of Judgments. EDS shall fail to pay any money judgment in excess of $50,000,000 (or, in the case of a money judgment denominated in a currency other than Dollars, any money judgment having a Dollar Equivalent Value in excess of $50,000,000) against it or its assets at least ten (10) days prior to the date on which its assets may be sold lawfully to satisfy such judgment.
Payment of Judgments. Any Credit Party shall fail to pay any money judgment in excess of $250,000 against it or its assets at least ten days prior to the date on which any Credit Party's assets may be sold lawfully to satisfy such judgment.
Payment of Judgments. Any Material Obligor or (where such failure would, individually or in the aggregate, be reasonably likely to cause a Material Adverse Effect) any other Company (other than Pool Alaska, Inc.) fails to pay any judgment or order for the payment of money in excess of $250,000 rendered against it or any of its assets and either (a) any enforcement proceedings shall have been commenced by any creditor upon such judgment or order, or (b) a stay of enforcement of such judgment or order, by reason of pending appeal or otherwise, shall not be in effect for any period of ten or more consecutive days.
