Satisfaction of Judgments. Except as provided in Section 8.5 of this Agreement, all judgments against the Partnership and the General Partner, wherein the General Partner (including any employee, Affiliate, officer or director of the General Partner) is entitled to indemnification, must first be satisfied from Partnership assets before the General Partner is responsible for those judgments.
Satisfaction of Judgments. Pay or otherwise satisfy, and cause of each of its Subsidiaries to pay or otherwise satisfy, every final judgment from which no further appeal may be taken in excess of $100,000 entered against it or such Subsidiary within 60 days after entry thereof or after the expiration of any stay of execution with respect thereto.
Satisfaction of Judgments. All judgments against the Partnership and the General Partners, wherein the General Partners are entitled to indemnification, must first be satisfied from Partnership assets before the General Partners are responsible for those obligations.
Satisfaction of Judgments. The Company shall not, and the Company shall cause each of its subsidiaries not to, allow any judgment against the Company or such subsidiary, as the case may be, to remain unsatisfied; provided that the Company shall not be required to satisfy, and the Company shall not be obligated to cause any of its subsidiaries to satisfy, any judgment so long as the validity thereof is being contested in good faith by appropriate proceedings and, if the Company or such subsidiary, as the case may be, shall have set aside on its books reserves deemed by the Company or such subsidiary, as the case may be, in accordance with generally accepted accounting principles to be adequate with respect to such judgment, unless such payment is necessary to prevent forfeiture or loss of a material part of the properties or assets of the Company or such subsidiary, as the case may be.
Satisfaction of Judgments. In consideration for making the foregoing disputed payments with respect to the Wachovia Judgment, immediately upon receipt of payment in full under Paragraph 2 above ($585,000), Second Party shall: (a) record satisfactions of judgments for the Wachovia Judgment in each and every county in which the Wachovia Judgment has been recorded to the knowledge of Second Party, and in any other county as may be directed by First Party: and also (b) record satisfactions of judgments for each of the following judgments owned and held by Second Party in each and every county in which either of those judgments has been recorded to the knowledge of Second Party, and in any other county as may be directed by First Party: (i) a Default Judgment against Xxxxxxx obtained on January 28, 2003, by Wachovia Bank, National Association in the State of North Carolina, County of Mecklenburg, In the General Court of Justice, Superior Court Division, Case No. 02-CVS-13780, and (ii) a Default Judgment obtained by Wachovia Bank on or about October 14, 2002 against New Pacific and Xxxxxxx, in the State of North Carolina, County of Mecklenburg, In the General Court of Justice, Superior Court Division, Case No. 01-CVS-588 (collectively, the “Undomesticated Judgments”).
Satisfaction of Judgments. If the RL Defendants have (i) made all the payments set forth in Section 2 on a timely basis, and (ii) complied with their duty of cooperation as set forth in Sections 4 and 5, then:
a. within thirty (30) days after receipt of the final payment set forth in Section 2, the Trustee shall xxxx the judgment for punitive damages against RL satisfied;
b. within thirty (30) days after (i) the termination of all Assigned Claim Litigation following exhaustion of all appeals and the entry of a final judgment as to all defendants, or (ii) the date all Assigned Claim Litigation is marked settled, discontinued and ended as to all defendants, whichever occurs first, the Trustee shall xxxx the compensatory damage judgments against the RL Defendants satisfied.
Satisfaction of Judgments. As soon as practicable, upon Effective Date of this Agreement, KTCCU will, at its cost, file satisfactions of judgment for all members of the Class who have judgments entered against them that are the subject of the Litigation. For purposes of determining the amount of any award to be made to the Plaintiff or Plaintiff’s Counsel, the Judgment Write-Off or the sum of all judgments deemed satisfied pursuant to this paragraph is $0 and shall be included as part of the Gross Settlement Fund.
Satisfaction of Judgments. Upon the Effective Date, TDAF shall cease collecting on all judgments entered against Settlement Class members for deficiency balances on the loans that are the subject of this Action. Upon the Effective Date, TDAF shall not accept payments on any such judgment and will use best efforts to return any payment received by returning the payment instrument to the sender. TDAF represents and warrants that within sixty (60) days after the Effective Date, it will file satisfactions of judgment for all Settlement Class Members with judgments entered against them for deficiency balances on the loans that are the subject of this Action, unless such judgments have already been satisfied or have lapsed or been extinguished due to the passage of time. If TDAF is subsequently notified at any point of a judgment entitled to satisfaction under this paragraph for which a satisfaction of judgment has not been filed, TDAF will promptly file a responsive satisfaction of judgment, and provided TDAF does so, it will not be in breach of this Agreement or have any liability. TDAF represents that, to the best of its knowledge based on researching customer accounts, the aggregate balance of judgments against Settlement Class Members total approximately $900,000.
Satisfaction of Judgments. Buyer shall have received, in form ------------------------- reasonably satisfactory to Buyer in its sole discretion, evidence of the satisfaction and release of all judgment liens and pending litigation judgments to which the Seller is a party.
Satisfaction of Judgments. 56 (m) Maintenance of Minimum Eligible Accounts.......................56 (n)
