Common use of Judgments and Settlements Clause in Contracts

Judgments and Settlements. Final judgments or orders for the payment of money are rendered against Borrower, Parent or any Guarantor or Borrower, Parent or any Guarantor settles any claim or lawsuit in the aggregate amount of Fifty Thousand Dollars ($50,000) or more (exclusive of amounts covered by insurance) which are not paid in full within ten (10) Business Days.

Judgments and Settlements. Final judgments or orders for the payment of money are rendered against Borrower, Parent Borrower or any Guarantor or Borrower, Parent or any Guarantor Borrower settles any claim or lawsuit in the aggregate amount of Fifty Thousand Dollars ($50,000) or more (exclusive of amounts covered by insurance) which are not paid in full within ten (10) Business Days.

Judgments and Settlements. Final judgments or orders for the payment of money are rendered against Borrower, Parent Borrower or any Guarantor or Borrower, Parent or any Guarantor Borrower settles any claim or lawsuit in the aggregate amount of Fifty Thousand Dollars ($50,000) or more (exclusive of amounts covered by insurance) which are not paid in full frill within ten (10) Business Days.