Confession of Judgment definition

Confession of Judgment means the confession of judgment executed by the Credit Parties in favor of the Lender, the form of which is attached hereto as Exhibit A.
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Confession of Judgment means that certain confession of judgment executed by the Company in the form attached hereto as Exhibit F.
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Confession of Judgment. THE FOLLOWING SETS FORTH A WARRANT OF AUTHORITY FOR ANY ATTORNEY TO CONFESS JUDGMENT AGAINST BORROWER SUBJECT TO THE LIMITATIONS OF SECTION 10(B) OF THE CREDIT AGREEMENT. IN GRANTING THIS WARRANT OF ATTORNEY TO CONFESS JUDGMENT AGAINST DEBTOR, DEBTOR, FOLLOWING CONSULTATION WITH (OR DECISION NOT TO CONSULT WITH) SEPARATE COUNSEL FOR DEBTOR, AND WITH KNOWLEDGE OF THE LEGAL EFFECT HEREOF, HEREBY WAIVES ANY AND ALL RIGHTS DEBTOR HAS, OR MAY HAVE, TO PRIOR NOTICE AND AN OPPORTUNITY FOR HEARING BEFORE ENTRY OF JUDGMENT UNDER THE CONSTITUTIONS AND LAWS OF THE UNITED STATES AND THE COMMONWEALTH OF PENNSYLVANIA. DEBTOR ACKNOWLEDGES THAT PURSUANT TO THIS WARRANT OF ATTORNEY, LENDER IS AUTHORIZED TO ENTER A JUDGMENT AGAINST DEBTOR WHICH WILL GIVE LENDER A LIEN AGAINST REAL PROPERTY AND WHICH MAY PERMIT LENDER TO, UTILIZING THE POWER OF STATE GOVERNMENT, SEIZE PERSONAL PROPERTY INCLUDING DEBTOR'S DEPOSIT ACCOUNTS. DEBTOR SPECIFICALLY ACKNOWLEDGES THAT LENDER HAS RELIED ON THIS WARRANT OF ATTORNEY IN GRANTING THE FINANCIAL ACCOMMODATIONS DESCRIBED HEREIN. DEBTOR HEREBY EMPOWERS ANY CLERK, OR ATTORNEY OF ANY COURT OF RECORD TO APPEAR FOR DEBTOR AFTER ANY EVENT OF DEFAULT, SUBJECT TO THE LIMITATIONS OF SECTION 10(B) OF THE CREDIT AGREEMENT, IN ANY AND ALL ACTIONS WHICH MAY BE BROUGHT HEREUNDER IN THE COMMONWEALTH OF PENNSYLVANIA OR ELSEWHERE AND CONFESS JUDGMENT AGAINST DEBTOR FOR ALL, OR ANY PART OF, THE OBLIGATIONS UNDER THIS AGREEMENT, INCLUDING, THE UNPAID PRINCIPAL BALANCE AND ACCRUED INTEREST HEREUNDER, TOGETHER WITH ALL REASONABLE COSTS AND EXPENSES INCURRED IN CONNECTION THEREWITH, INCLUDING BUT NOT LIMITED TO ATTORNEYS' FEES, AND FOR SUCH PURPOSE THE ORIGINAL OR ANY PHOTOCOPY OF THIS AGREEMENT AND AN AFFIDAVIT OF LENDER OR LENDER'S COUNSEL AVERRING TO THE EVENT OF DEFAULT SHALL BE A GOOD AND SUFFICIENT WARRANT OF ATTORNEY. SUCH AUTHORIZATION SHALL NOT BE EXHAUSTED BY ONE EXERCISE THEREOF, BUT JUDGMENT MAY BE CONFESSED AS AFORESAID FROM TIME TO TIME. DEBTOR HEREBY WAIVES ALL ERRORS AND RIGHTS OF APPEAL, AS WELL AS RIGHTS TO STAY OF EXECUTION AND EXEMPTION OF PROPERTY, IN ANY ACTION TO ENFORCE ITS LIABILITY HEREON. IN THE EVENT SECURED PARTY'S RECOVERY UPON SUCH CONFESSED JUDGMENT SHALL EXCEED THE AMOUNT OF OBLIGATIONS HEREUNDER, TOGETHER WITH SECURED PARTY'S REASONABLE AND ACTUALLY INCURRED COSTS AND EXPENSES, INCLUDING BUT NOT LIMITED TO ATTORNEYS' FEES, SECURED PARTY SHALL RETURN SUCH EXCESS AMOUNTS TO DEBTOR. If this Note is not dated when executed by Debtor,...
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Examples of Confession of Judgment in a sentence

  • Should legal services from Attorney be terminated at request of the Client when he/she has an unpaid balance, Client agrees to execute a Confession of Judgment for that unpaid balance immediately upon termination of such services, pursuant to Nevada Revised Statute 68.050.

  • Any Confession of Judgment will include an agreed upon payment plan.

  • A Confession of Judgment is essentially a Stipulation for entry of a Judgment against Client for outstanding legal services and costs.

  • Borrower agrees to borrow and the Lender agrees to lend to Borrower the principal sum of [$Loan Amount] (the “Loan”), pursuant and subject to the terms of this Agreement, and of a certain Promissory Note with Confession of Judgment dated of even date herewith (the “Note”).

  • Should Client fall behind on payment with or without Attorney's permission including rare and unusual circumstances that cause or allow legal services and costs to exceed the amount Retained by Attorney and advanced by Client, then upon demand by Attorney, Client agrees to execute a Confession of Judgment for the unpaid balance, pursuant to Nevada Revised Statute 68.050.

  • Upon the receipt of all payments, the Plaintiff waives all legal rights and claims as to the Confession of Judgment and the underlying Agreements that the debt arose from.

  • If the service of an attorney is required by Lender to enforce a judgment rendered in connection with the Loan, this Agreement, or any of the other Loan Documents, Lender shall be entitled to its reasonable attorneys’ fees, legal expenses, and costs and such attorneys’ fees, legal expenses and costs shall be recoverable together with its Confession of Judgment.

  • Defendants agree to execute this Confession of Judgement at the same time this Agreement is signed, and agree the executed Confession of Judgment shall be held in escrow by Class Counsel and destroyed immediately after all payments by Defendants have been made.

  • Upon any default by defendant resulting in the filing of the Confession of Judgment, credit will be given to defendant for all payments made hereunder.

  • The Confession of Judgment will include an award of attorney fees to the plaintiff for any fees incurred in filing and enforcing the Confession of Judgment.


More Definitions of Confession of Judgment

Confession of Judgment. The Guarantor hereby appoints Xxxxxx X. Xxxxxx and Xxxx X. Xxxxxx, Xx., as its attorneys-in-fact, either of whom shall have the power to confess judgment against the Guarantor in favor of the Lender in the Clerk's Office of the Circuit Court of the City of Norfolk, Virginia, or in any other court of proper jurisdiction for the unpaid balance of the guaranteed amounts plus cost, expenses and attorney's fees as specified herein, upon the occurrence of a default. Guarantor acknowledges that Guarantor has read this Guaranty, has consulted with counsel to the extent Guarantor deemed advisable, understands this Guaranty and desires to be bound by it. Dated: _______________, 1996 Corporate Guaranty By:_____________________________ Witness: ______________________ Secretary Print Name _________________________ Its:________________________________ EXHIBIT 9.0(G) General Electric Capital Corporation 0000 Xxxx Xxxx, Suite 300 Barrington, IL 60010 Attn: Manager, Asset Based Lending Gentlemen: We have acted as counsel for ________________________, a ____________ corporation ("Borrower") in connection with the proposed loan to Borrower by General Electric Capital Corporation ("GECC") pursuant to that certain Loan and Security Agreement dated _________________, 1996, by and between Borrower and GECC (the "Agreement"). In connection therewith, we have been asked to deliver certain opinions to you. All capitalized terms not otherwise defined herein shall have the meaning specified in the Agreement. We have examined such documents, records and matters of law as we have deemed necessary for purposes of this opinion. We have assumed and relied upon the authenticity of all document submitted to us as originals, the genuineness of all signatures, the legal capacity of natural persons, and, except as to the execution of the Agreement on behalf of Borrower, the due authority of all persons executing the same and the due execution and delivery of all documents where due execution and delivery are prerequisites to the effectiveness thereof. As to various questions of fact material to our opinion, we have relied solely upon statements or certificates of officers and representatives of Borrower and others, none of which we believe to be incorrect. Where an opinion is qualified by reference to our knowledge or belief, we render an opinion limited in scope to matters actually or believed by us and have not independently investigated such matters other than as described in this letter. B...
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Confession of Judgment. This Note is the “Amended Note” referred to in that certain Affidavit of Confession of Judgment (“Confession of Judgment”) of even date herewith executed by a duly authorized officer of Parent, and Nightlife is entitled to all of the rights and benefits contained therein.
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Confession of Judgment. This Note is the “Amended Note” referred to in that certain Affidavit of Confession of Judgment (“Confession of Judgment”) of even date herewith executed by a duly authorized officer of Parent, and Nightlife is entitled to all of the rights and benefits contained therein. Costs of Collection: In the event that Nightlife seeks to enforce the Confession of Judgment and/or institutes legal proceedings to enforce this Note or refers the same to an attorney-at-law for enforcement or collection after default or maturity, Parent agrees to pay to Nightlife, in addition to any indebtedness due and unpaid, all reasonable costs and expenses of such proceedings, including reasonable attorneys’ fees. Remedies Cumulative: All remedies conferred upon Nightlife by this Note or any other instrument or agreement connected herewith or related hereto shall be cumulative and none is exclusive, and such remedies may be exercised concurrently or consecutively at Nightlife’s option.
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Confession of Judgment as used herein, means that in the Event of Default by Xxxxx, the Village can confess a judgment against Payee without further hearing or opportunity to dispute or object. Payee Date Village of Downs Representative Date
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Confession of Judgment means the confession of judgment
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Confession of Judgment refers to the Amended Confession of Judgment, which consists of, collectively, Amended Affidavit of Verified Confession of Judgment and Amended Stipulation to Final Judgment and Confessed Judgment
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Related to Confession of Judgment

  • Consent Judgment means a state-specific consent judgment in a form to be agreed upon by the Settling States, Participating Subdivisions, and Xxxxxxx prior to the Initial Participation Date that, among other things, (1) approves this Agreement and (2) provides for the release set forth in Section IV, including the dismissal with prejudice of any Released Claims that the Settling State has brought against Released Entities.

  • Final Judgment means the Judgment Entered by the Court upon Granting Final Approval of the Settlement.

  • Court of Appeal means the division of the Supreme Court referred to in section 7(1)(b);

  • Court Order means any judgment, order, award or decree of any foreign, federal, state, local or other court or tribunal and any award in any arbitration proceeding.

  • Professional Judgement shall be defined as judgement that is informed by professional knowledge of curriculum expectations, context, evidence of learning, methods of instruction and assessment, and the criteria and standards that indicate success in student learning. In professional practice, judgement involves a purposeful and systematic thinking process that evolves in terms of accuracy and insight with ongoing reflection and self-correction.

  • Alternate Judgment means a form of final judgment that may be entered by the Court herein but in a form other than the form of Judgment provided for in this Stipulation.

  • Final Approval Order and Judgment means the order in which the Court certifies the Settlement Class, grants final approval of this Settlement Agreement, authorizes the entry of a final judgment, and dismisses the Action with prejudice.

  • General relief means money payments and other forms of relief made to those persons mentioned

  • Stipulation means this Stipulation and Agreement of Settlement.

  • Judgment means any judgment, order, writ, injunction, citation, award or decree of any nature.

  • Action or Proceeding means any action, suit, proceeding, arbitration or investigation by or before any Governmental Authority.

  • Notice of Appeal means a notice given pursuant to Condition 6.2.

  • Administrative law judge means an individual or an agency

  • Youth court means the court established pursuant to this chapter to hear all proceedings in

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • Governing Law This Agreement is governed by, and shall be construed in accordance with, English law.

  • judgment creditor means the person in whose favour the judgment was given, and includes any person in whom the rights under the judgment have become vested by succession or assignment or otherwise;

  • Judicial Code means title 28 of the United States Code, 28 U.S.C. §§ 1–4001.

  • Judicial commitment means a commitment by a court pursuant

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any