Common use of Judgments and Decrees Clause in Contracts

Judgments and Decrees. Any judgment, order or decree is made the effect whereof would be to render invalid this Agreement or any other Loan Document or any material provision thereof or any Transaction Obligor asserts in writing that any such agreement or provision thereof is invalid; or one or more judgments or decrees shall be entered against any Obligor for an aggregate liability (net of amounts paid or covered by insurance) of, in the case of any Subsidiary Guarantor, $500,000 or more or, in the case of the Parent Guarantor or the Borrower, $10,000,000 or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within thirty (30) days from the entry thereof; or

Judgments and Decrees. Any judgment, order or decree is made the effect whereof would be to render invalid this Agreement or any other Loan Transaction Document or any material provision thereof or any Transaction Obligor Credit Party asserts in writing that any such agreement or provision thereof is invalid; or one or more judgments or decrees shall be entered against any Obligor Credit Party for an aggregate liability (net of amounts paid or covered by insurance) of, in the case of any Subsidiary Credit Party (other than the Parent Guarantor), $500,000 10,000,000 or more or, in the case of the Parent Guarantor or the BorrowerGuarantor, $10,000,000 25,000,000 or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within thirty sixty (3060) days from the entry thereof; or