Common use of Adverse Judgment Clause in Contracts

Adverse Judgment. Within three Business Days after the entry of a judgment or decree against any Obligor in an amount in excess of $25,000,000, it shall furnish or cause to be furnished to the Lender Agent notice thereof;

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Residential Capital, LLC)

Adverse Judgment. Within three Business Days after the entry of a judgment or decree against any Obligor in an amount in excess of $25,000,000, it shall furnish or cause to be furnished to the Lender Agent, the First Priority Collateral Agent and the Collateral Control Agent notice thereof;

Appears in 1 contract

Sources: Loan Agreement (Residential Capital, LLC)

Adverse Judgment. Within three Business Days after the entry of a judgment or decree against any Obligor in an amount in excess of $25,000,000, it shall furnish or cause to be furnished to the Lender Credit Agent notice thereof;

Appears in 1 contract

Sources: Credit Agreement (Residential Capital, LLC)