Monetary Judgment. Final judgment for the payment of money exceeding valid, applicable, collectible insurance coverage by more than One Hundred Thousand and No/100 Dollars (S100,000.00) shall be rendered against the Borrower, NHLP or National and such judgment is not discharged or satisfied within one hundred twenty (120) days of the date such judgment becomes final.
Appears in 2 contracts
Sources: Loan and Security Agreement (National Healthcare Corp), Deeds of Trust and Mortgages (National Healthcare Corp)
Monetary Judgment. Final judgment for the payment of money exceeding valid, applicable, collectible insurance coverage by more than One Hundred Thousand and No/100 Dollars (S100,000.00$100,000.00) shall be rendered against the Borrower, NHLP or National Borrower and such judgment is not discharged or satisfied within one hundred twenty (120) days of the date such judgment becomes final.;
Appears in 1 contract
Sources: Revolving Credit Agreement (National Healthcare Corp)