Common use of Undischarged Judgment Clause in Contracts

Undischarged Judgment. (a) A final judgment or judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower or any of its Subsidiaries, for the payment of money in excess of $10,000,000 shall be rendered against the Borrower or any of its Subsidiaries and the same shall remain undischarged for a period of sixty (60) days during which execution shall not be effectively stayed, (b) a final judgment or judgments in the aggregate, that might be or give rise to Liens on any property of Panhandle Eastern or any of its Subsidiaries, for the payment of money in excess of $50,000,000 shall be rendered against Panhandle Eastern or any of its Subsidiaries and the same shall remain undischarged for a period of sixty (60) days during which execution shall not be effectively stayed or (c) a final judgment or judgments in the aggregate, that might be or give rise to Liens on any property of CCC or any of its Subsidiaries, for the payment of money in excess of $10,000,000 shall be rendered against CCC or any of its Subsidiaries and the same shall remain undischarged for a period of sixty (60) days during which execution shall not be effectively stayed.

Undischarged Judgment. (a) A final judgment or judgments in the aggregate, that might be or give rise to Liens on any property of the Borrower or any of its Subsidiaries, for the payment of money in excess of $10,000,000 shall be rendered against the Borrower or any of its Subsidiaries and the same shall remain undischarged for a period of sixty (60) days during which execution shall not be effectively stayed, (b) a final judgment or judgments in the aggregate, that might be or give rise to Liens on any property of Panhandle Eastern or any of its Subsidiaries, for the payment of money in excess of $50,000,000 shall be rendered against Panhandle Eastern or any of its Subsidiaries and the same shall remain undischarged for a period of sixty (60) days during which execution shall not be effectively stayed or (c) at any time that the aggregate amount of all Citrus Investments exceeds $10,000,000, a final judgment or judgments in the aggregate, that might be or give rise to Liens on any property of CCC or any of its Subsidiaries, for the payment of money in excess of $10,000,000 shall be rendered against CCC or any of its Subsidiaries and the same shall remain undischarged for a period of sixty (60) days during which execution shall not be effectively stayed.