Common use of Material Judgments Clause in Contracts

Material Judgments. (i) One or more judgments or decrees shall be entered against Toy Biz or any of its Subsidiaries involving in the aggregate a liability (not covered by insurance) of $1,000,000 or more or (ii) any non-monetary judgment or order shall be rendered against Toy Biz or any of its Subsidiaries that is reasonably likely to have a Material Adverse Effect, and in the case of either clause (i) or (ii), there shall be any period of 60 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect unless such judgment or order shall have been vacated, satisfied, discharged or bonded pending appeal; or

Material Judgments. (i) One or more judgments or decrees shall be entered against Toy Biz Holdings or any of its Subsidiaries involving in the aggregate a liability (not covered by insurance) of $1,000,000 5,000,000 or more or (ii) any non-monetary judgment or order shall be rendered against Toy Biz Holdings or any of its Subsidiaries that is reasonably likely to have a Material Adverse Effect, and in the case of either clause (i) or (ii), there shall be any period of 60 30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect unless such judgment or order shall have been vacated, satisfied, discharged or bonded pending appeal; or

Material Judgments. (i) One or more judgments or decrees shall be entered against Toy Biz Holdings or any of its Subsidiaries involving in the aggregate a liability (not covered by insurance) of $1,000,000 2,000,000 or more or (ii) any non-monetary judgment or order shall be rendered against Toy Biz Holdings or any of its Subsidiaries that is reasonably likely to have a Material Adverse Effect, and in the case of either clause (i) or (ii), there shall be any period of 60 30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect unless such judgment or order shall have been vacated, satisfied, discharged or bonded pending appeal; or