Common use of Undischarged Judgments Clause in Contracts

Undischarged Judgments. Any Company Party or any of its Subsidiaries shall suffer any money judgment, writ, warrant of attachment or other order that involves an amount or value in excess of the sum of (i) $250,000, plus (ii) the amount of any applicable deductible under any insurance policies insuring such Company Party or any such Subsidiary against such money judgment, writ, warrant or other order, provided that (A) such excess amount or value shall not be fully covered by insurance (and, if requested by the Purchaser, the Company shall cause a letter to be furnished to the Purchaser from the relevant insurance company confirming that such excess amount or value is fully covered by insurance) and (B) such judgment, writ, warrant or other order shall continue unsatisfied and unstayed for a period of thirty (30) days; or