Common use of Failure to pay final judgment Clause in Contracts

Failure to pay final judgment. An Obligor or a Security Provider fails to comply with or pay any sum in excess of US$10,000,000 (or its equivalent in any other currency or currencies) due from it under any final judgment or any final order made or given by any court of competent jurisdiction within the period specified in the relevant judgment or if no period is specified within 10 Business Days of such final judgment being issued.

Failure to pay final judgment. An Obligor or a Security Provider fails to comply with or pay any sum in excess of US$10,000,000 (or its equivalent in any other currency or currencies) due from it under any final judgment or any final order made or given by any court of competent jurisdiction within the period specified in the relevant judgment or if no period is specified within 10 Business Days of such final judgment being issued.