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 (Cal Dive International Inc), Loan and Security Agreement (Nations Flooring Inc), Loan and Security Agreement (Executone Information Systems Inc)
Criminal Forfeiture. Any Borrower or any Subsidiary of any Borrower shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material amount of Property of any Borrower, or Subsidiary of any Borrower.
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Criminal Forfeiture. Any Borrower or any Subsidiary of any Borrower shall be criminally indicted or convicted under any law that could lead to a forfeiture of any material Property of any Borrower or any Subsidiary of any Borrower; provided, that, any fines which may be imposed by the Securities and Exchange Commission shall not, in and of themselves, constitute a default hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Measurement Specialties Inc)
Criminal Forfeiture. Any Borrower, any Subsidiary of any Borrower or any Guarantor shall be criminally indicted or convicted under any law that could reasonably be expected to lead to a forfeiture of any material Property of any Borrower, any Subsidiary of any Borrower or any Guarantor.
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