Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties shall be impaired through condemnation; or
Appears in 3 contracts
Sources: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Petmed Express Inc), Loan and Security Agreement (Color Imaging Inc)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of any Borrower for a period which significantly materially adversely affects such Borrower's capacity to continue its business, business on a profitable basis; or any Borrower shall suffer the loss or revocation of any material license or permit now held or hereafter acquired by such Borrower which is necessary to the continued or lawful operation of its business; or any Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which any Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term, except any such lease or agreement the cancellation or termination of which could not reasonably be expected to have a Material Adverse Effect; or any part material portion of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 2 contracts
Sources: Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (D & K Healthcare Resources Inc)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled cancelled or terminated prior to the expiration of its stated term; or all or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 2 contracts
Sources: Loan and Security Agreement (Cal Dive International Inc), Loan and Security Agreement (Cal Dive International Inc)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 2 contracts
Sources: Loan and Security Agreement (Franklin Ophthalmic Instruments Co Inc), Loan and Security Agreement (Brazos Sportswear Inc /De/)
Business Disruption; Condemnation. There shall occur a --------------------------------- cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties shall be impaired through condemnation; or
Appears in 2 contracts
Sources: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of any Borrower for a period which significantly affects such Borrower's capacity to continue its business, on a profitable basis; or any Borrower shall suffer the loss or revocation of any material license or permit now held or hereafter acquired by such Borrower which is necessary to the continued or lawful operation of its business; or any Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which any Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Loan and Security Agreement (Brazos Sportswear Inc /De/)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; , or Borrower shall suffer the loss or revocation of any governmental license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled cancelled or terminated prior to the expiration of its stated term; , or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; orcondemnation unless said proceeds are remitted to Lender.
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower the Borrower, taken as a whole, for a period which significantly affects the Borrower's capacity to continue its business, on a profitable basis; or the Borrower shall suffer the loss or revocation of any material license or permit now held or hereafter acquired by the Borrower which is necessary to used or useful in the continued or lawful operation of its Borrower's business; or the Borrower shall be enjoined, restrained or in any way for a period in excess of 45 days prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which the Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; orcondemnation and as a result the Borrower suffers a Material Adverse Effect.
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its Borrower's business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Loan and Security Agreement (Executone Information Systems Inc)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary loss or revocation materially and adversely affects Borrower's ability to the continued or lawful operation of lawfully operate its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated termterm and such cancellation or termination materially and adversely affects Borrower's ability to operate its business; or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired in any material respect through condemnation; or.
Appears in 1 contract
Sources: Loan and Security Agreement (Northwestern Steel & Wire Co)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower any Obligor for a period which significantly affects Borrower's such Obligor’s capacity to continue its business, on a profitable basis; or Borrower any Obligor shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower such Obligor which is necessary to the continued or lawful operation of its business; or Borrower any Obligor shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower any Obligor leases, uses or occupies any of its properties shall be canceled or terminated without such Obligor’s consent or approval prior to the expiration of its stated term; or any part of the Collateral Property shall be taken through condemnation or the value of such properties shall be impaired through condemnation; or
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a disruption or cessation of a substantial part of the business of any Borrower, any Subsidiary of any Borrower or any Guarantor for a period which significantly affects such Borrower's or such Guarantor's capacity to continue its business, on a profitable basis; or any Borrower, any Subsidiary of any Borrower or any Guarantor shall suffer the loss or revocation of any license or permit now held or hereafter acquired by any Borrower or such Guarantor which is necessary to the continued or lawful operation of its business; or Any Borrower or any Guarantor shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties shall be impaired through condemnation; or
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any governmental license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled cancelled or terminated prior to the expiration of its stated term; or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; orcondemnation unless said proceeds are remitted to Lender.
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of any Borrower for a period which significantly affects such Borrower's capacity to continue its business, on a profitable basis; or any Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by such Borrower which is necessary to the continued or lawful operation of its business; or any Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which any Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; orin each such case giving rise to a Material Adverse Effect.
Appears in 1 contract
Sources: Loan and Security Agreement (United Industrial Corp /De/)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower or any Subsidiary of Borrower for a period which significantly affects Borrower's ’s capacity to continue its business, on a profitable basis; or Borrower or any Subsidiary of Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Loan and Security Agreement (Allied Healthcare Products Inc)
Business Disruption; Condemnation. There shall occur a --------------------------------- cessation of a substantial part of the business of Borrower Borrower, any Guarantor or any Material Subsidiary for a period which significantly affects Borrower's capacity to continue its business, business on a profitable basis; or Borrower Borrower, any Guarantor or any Material Subsidiary shall suffer the loss or revocation of any material license or permit now held or hereafter acquired by Borrower such Person which is necessary to the continued or lawful operation of its business; or Borrower Borrower, any Guarantor or any Material Subsidiary shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower such Person leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part material portion of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower or any Subsidiary of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower or any Subsidiary of Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or, where, in each case, such event is reasonably expected to have a material adverse effect on Borrower's business, assets or prospects.
Appears in 1 contract
Sources: Loan and Security Agreement (Houston Wire & Cable CO)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of either Borrower for a period which significantly affects either Borrower's capacity to continue its business, on a profitable basis; or either Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by either Borrower which is necessary to the continued or lawful operation of its business; or either Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which either Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated termterm and such cancellation or termination will have a material adverse effect on such Borrower's business, financial condition, Collateral or prospects; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Loan and Security Agreement (Open Plan Systems Inc)
Business Disruption; Condemnation. There shall occur a ----------------------------------- cessation of a substantial part of the business of Borrower or any Subsidiary of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower or any Subsidiary of Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower Borrowers for a period which significantly affects either Borrower's capacity to continue its business, on a profitable basis; or either Borrower shall suffer the loss or revocation of any material license or permit now held or hereafter acquired by either Borrower which is necessary to the continued or lawful operation of all or a substantial part of its business; or either Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material a substantial part of its business affairs; or any material lease or agreement pursuant to which either Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated termterm other than by the exercise of a purchase option; or any part material portion of the Collateral shall be taken through condemnation or the value of such properties Property shall be materially impaired through condemnation; or. (L)
Appears in 1 contract
Sources: Loan and Security Agreement (Factory Card Outlet Corp)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower or any Subsidiary of Borrower for a period which significantly affects Borrower's ’s capacity to continue its business, on a profitable basis; or Borrower or any Subsidiary of Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or, where, in each case, such event is reasonably expected to have a material adverse effect on Borrower’s business, assets or prospects.
Appears in 1 contract
Sources: Loan and Security Agreement (Houston Wire & Cable CO)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled cancelled or terminated prior to the expiration of its stated term; or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower the Company for a period which significantly affects Borrowerthe Company's capacity to continue its business, on a profitable basis; or Borrower the Company shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower the Company which is necessary to the continued or lawful operation of its business; or Borrower the Company shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower the Company leases, uses or occupies any of its properties property shall be canceled or terminated prior to the expiration of its stated term; or any part material portion of any property of the Collateral Company shall be taken through condemnation or the value of such properties property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Note Purchase Agreement (Serviceware Technologies Inc/ Pa)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower any Obligor for a period which significantly affects Borrowersuch Obligor's capacity to continue its business, on a profitable basis; or Borrower any Obligor shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower such Obligor which is necessary to the continued or lawful operation of its business; or Borrower any Obligor shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower such Obligor leases, uses or occupies any of its properties shall be canceled or terminated other than by an Obligor prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties shall be impaired through condemnation; or
Appears in 1 contract
Sources: Loan and Security Agreement (Comtech Telecommunications Corp /De/)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any material license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties property shall be canceled or terminated prior to the expiration of its stated term; or any material part of the Collateral shall be taken through condemnation or the value of such properties property shall be impaired through condemnation; or. 63
Appears in 1 contract
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its businessbusiness and which loss or revocation will have a Material Adverse Effect; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairsaffairs which will have a Material Adverse Effect; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated termterm and such cancellation or termination will have a Material Adverse Effect; or any material part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Loan and Security Agreement (Electronics Boutique Holdings Corp)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower, any Subsidiary of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower, any Subsidiary of Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Equipment Loan Note (Pure World Inc)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of Borrower or any Subsidiary of Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower or any Subsidiary of Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower leases, uses or occupies any of its properties Property shall be canceled or terminated prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties Property shall be impaired through condemnation; or.
Appears in 1 contract
Sources: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)
Business Disruption; Condemnation. There shall occur a cessation of a substantial part of the business of the Borrower for a period which significantly affects Borrower's capacity to continue its business, on a profitable basis; or Borrower shall suffer the loss or revocation of any license or permit now held or hereafter acquired by Borrower which is necessary to the continued or lawful operation of its business; or Borrower shall be enjoined, restrained or in any way prevented by court, governmental or administrative order from conducting all or any material part of its business affairs; or any material lease or agreement pursuant to which Borrower borrower leases, uses or occupies any of its properties Property shall be canceled cancelled or terminated termination prior to the expiration of its stated term; or any part of the Collateral shall be taken through condemnation or the value of such properties shall be impaired through condemnation; or.
Appears in 1 contract