Common use of Undischarged Judgment Clause in Contracts

Undischarged Judgment. Final Judgment or judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower or any Subsidiary, for the payment of money in excess of $1,000,000.00 shall be rendered against the Borrower or any Subsidiary and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; or

Appears in 3 contracts

Samples: Revolving Credit Agreement (Southern Union Co), Term Loan Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

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Undischarged Judgment. Final Judgment or judgments in --------------------- the aggregate, that might be or give rise to Liens on any property of the Borrower or any Subsidiary, for the payment of money in excess of $1,000,000.00 shall be rendered against the Borrower or any Subsidiary and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; or

Appears in 2 contracts

Samples: Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)

Undischarged Judgment. Final Judgment or judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower any Borrower, any of its respective Subsidiaries or any Subsidiary, other Loan Party for the payment of money in excess of $1,000,000.00 5,000,000.00 shall be rendered against the Borrower any Borrower, any of its respective Subsidiaries or any Subsidiary other Loan Party, and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; or

Appears in 1 contract

Samples: Bridge Loan Agreement (Southern Union Co)

Undischarged Judgment. Final Judgment judgment or judgments in the aggregate, that might be or give rise to Liens on any property Property of the Borrower or any SubsidiarySubsidiary of the Borrower, for the payment of money in excess of $1,000,000.00 25,000,000 shall be rendered against the Borrower or any Subsidiary of the Borrower and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; orstayed by an unexhausted appeal process, which causes the applicable judgment or judgments to not be final and non-appealable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Southern Union Co)

Undischarged Judgment. Final Judgment judgment or judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower or any SubsidiarySubsidiary of the Borrower, for the payment of money in excess of $1,000,000.00 25,000,000.00 shall be rendered against the Borrower or any Subsidiary of the Borrower and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; orstayed by an unexhausted appeal process, which causes the applicable judgment or judgments to not be final and non-appealable.

Appears in 1 contract

Samples: Credit Agreement (Southern Union Co)

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Undischarged Judgment. Final Judgment judgment or judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower or any Subsidiary, for the payment of money in excess of $1,000,000.00 10,000,000.00 shall be rendered against the Borrower or any Subsidiary and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; orstayed by an unexhausted appeal process, which causes the applicable judgment or judgments to not be final and non-appealable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Southern Union Co)

Undischarged Judgment. Final Judgment or judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower or any Subsidiary, for the payment of money in excess of $1,000,000.00 5,000,000.00 shall be rendered against the Borrower or any Subsidiary and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; or.

Appears in 1 contract

Samples: Revolving Credit Agreement (Southern Union Co)

Undischarged Judgment. Final Judgment or final judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower or any Subsidiary, for the payment of money in excess of $1,000,000.00 5,000,000.00 shall be rendered against the Borrower or any Subsidiary and the same shall remain undischarged for a period of thirty (30) days during which execution shall not be effectively stayed; or

Appears in 1 contract

Samples: Revolving Credit Agreement (Southern Union Co)

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