Common use of Criminal Forfeiture Clause in Contracts

Criminal Forfeiture. Borrower shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of Borrower.

Appears in 5 contracts

Samples: Loan and Security Agreement (Nations Flooring Inc), Loan and Security Agreement (Executone Information Systems Inc), Loan and Security Agreement (Nations Flooring Inc)

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Criminal Forfeiture. Borrower shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of Borrower.

Appears in 4 contracts

Samples: Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc), Loan Agreement (Friedmans Inc)

Criminal Forfeiture. Any Borrower or any of its Subsidiaries shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of Borrowersuch Borrower or such Subsidiary, except for any Property the forfeiture of which would not reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)

Criminal Forfeiture. Borrower shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of BorrowerBorrower valued in the aggregate in excess of Fifty Thousand Dollars ($50,000).

Appears in 1 contract

Samples: Loan and Security Agreement (Meade Instruments Corp)

Criminal Forfeiture. Either Borrower shall be --------------------- criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of either Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)

Criminal Forfeiture. Borrower shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of BorrowerBorrower valued in the aggregate in excess of $100,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Meade Instruments Corp)

Criminal Forfeiture. Borrower or any Subsidiary of Borrower shall be criminally indicted or convicted under any law that could reasonably be expected to lead to a forfeiture of any material Property of BorrowerBorrower or any Subsidiary of Borrower having an aggregate book value of $25,000 or more.

Appears in 1 contract

Samples: Loan and Security Agreement (Morgan Products LTD)

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Criminal Forfeiture. Borrower Borrower, any Subsidiary of Borrower, shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of Borrowerthe Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Peregrine Real Estate Trust)

Criminal Forfeiture. Any Borrower shall be criminally indicted or convicted under any criminal law that could lead to a forfeiture of any material Property of such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmi Industries Inc)

Criminal Forfeiture. Borrower shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Microwave Power Devices Inc)

Criminal Forfeiture. Any Borrower or any of its Subsidiaries shall be criminally indicted or convicted under or any law that could lead to judicial or administrative proceeding results in a forfeiture of any material Property of Borrowerany Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Loan and Security Agreement (Gentiva Health Services Inc)

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