Common use of Civil and Criminal Proceedings Clause in Contracts

Civil and Criminal Proceedings. Promptly notify Lender in writing of (a) the filing of any Criminal Referral Form or the threatened or actual commencement of a criminal proceeding or investigation or (b) any action, suit or proceeding at law or in equity by or before any court, governmental agency or instrumentality which could result in any material adverse change in the business, operations, prospects, properties or assets or in the condition, financial or otherwise, of Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement, Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc), Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)

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Civil and Criminal Proceedings. Promptly notify Lender in writing of (ai) the filing of any Criminal Referral Form or the threatened or actual commencement of a criminal proceeding or investigation or (bii) any action, suit or proceeding at law or in equity by or before any court, governmental agency or instrumentality which could result in any material adverse change in the business, operations, prospects, properties or assets or in the condition, financial or otherwise, of BorrowerGuarantor.

Appears in 1 contract

Samples: Guaranty Agreement (Good Times Restaurants Inc)

Civil and Criminal Proceedings. Promptly notify Lender in writing of (a) the filing of any Criminal Referral Form criminal referral form or the threatened or actual commencement of a criminal proceeding or investigation or (b) any action, suit or proceeding at law or in equity by or before any court, governmental agency agency, instrumentality or instrumentality other Governmental Authority which could result in any material adverse change in the business, operations, prospects, properties or assets or in the condition, financial or otherwise, of BorrowerObligor.

Appears in 1 contract

Samples: Loan and Security Agreement (Chicken Soup for the Soul Entertainment, Inc.)

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Civil and Criminal Proceedings. Promptly notify Lender in writing of (a) the filing of any Criminal Referral Form or the threatened or actual commencement of a criminal proceeding or investigation or (b) any action, suit or proceeding at law or in equity by or before any court, governmental agency or instrumentality which could result in any material adverse change in the business, operations, prospects, properties or assets or in the condition, financial or otherwise, of BorrowerObligor.

Appears in 1 contract

Samples: Loan and Security Agreement (Chicken Soup for the Soul Entertainment, Inc.)

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