Common use of Undischarged Judgments Clause in Contracts

Undischarged Judgments. If judgment for the payment of money in excess of Fifty Thousand and No/100 Dollars ($50,000.00) is rendered by any court or other governmental body against Borrower, any Subsidiary or any Guarantor and Borrower, any Subsidiary or any Guarantor does not immediately discharge the same or provide for its immediate discharge in accordance with its terms, or procure a stay of execution thereof within ten (10) days from the date of entry thereof, and within said period of ten (10) days from the date of entry thereof or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves therefor as may be required under GAAP; or

Undischarged Judgments. If judgment for the payment of money in excess of Fifty Ten Thousand and No/100 Dollars ($50,000.0010,000.00) is rendered by any court or other governmental body against Borrowerthe Seller, any Subsidiary or any Guarantor and Borrowerthe Seller, any Subsidiary or any Guarantor does not immediately discharge the same or provide for its immediate discharge in accordance with its terms, or procure a stay of execution thereof within ten (10) days from the date of entry thereof, and within said period of ten (10) days from the date of entry thereof or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves therefor as may be required under GAAPgenerally accepted accounting principles; or

Undischarged Judgments. If judgment for the payment of money in excess of Fifty Ten Thousand and No/100 Dollars ($50,000.0010,000.00) is rendered by any court or other governmental body against Borrower, any Borrower or any Subsidiary and any Borrower or any Guarantor and Borrower, any Subsidiary or any Guarantor does not immediately discharge the same or provide for its immediate discharge in accordance with its terms, or procure a stay of execution thereof within ten (10) days from the date of entry thereof, and within said period of ten (10) days from the date of entry thereof or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves therefor there for as may be required under GAAPgenerally accepted accounting principles; or

Undischarged Judgments. If judgment for the payment of money in excess of Fifty Ten Thousand and No/100 Dollars ($50,000.0010,000.00) is rendered by any court or other governmental body against the Borrower, any Subsidiary or any Guarantor and the Borrower, any Subsidiary or any Guarantor does not immediately discharge the same or provide for its immediate discharge in accordance with its terms, or procure a stay of execution thereof within ten (10) days from the date of entry thereof, and within said period of ten (10) days from the date of entry thereof or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves therefor as may be required under GAAP; or

Undischarged Judgments. If judgment for the payment of money in excess of Fifty Ten Thousand and No/100 Dollars ($50,000.0010,000) is rendered by any court or other governmental body against Borrower, any Subsidiary Subsidiary, or any Guarantor and Borrower, any Subsidiary or any Guarantor does Subsidiary, or Guarantors do not immediately discharge the same or provide for its immediate discharge in accordance with its terms, or procure a stay of execution thereof within ten (10) days from the date of entry thereof, and within said period of ten (10) days from the date of entry thereof or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal while providing such reserves therefor as may be required under GAAP; or