Criminal Forfeiture. Any Obligor (or any of its Senior Officers) is criminally convicted for (i) a felony committed in the conduct of the business of such Obligor or (ii) a violation of any state or federal law (including the Controlled Substances Act, the Money Laundering Control Act of 1986, and the Illegal Exportation of War Materials Act), and in either case under clause (i) or (ii) such event would reasonably be expected to lead to a forfeiture of any material Collateral.
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Samples: Loan and Security Agreement (Enpro Industries, Inc), Post Petition Loan and Security Agreement (Enpro Industries, Inc), Loan and Security Agreement (Enpro Industries, Inc)
Criminal Forfeiture. Any Obligor (or any of its Senior Officers) is criminally indicted or convicted for (i) a felony committed in the conduct of the business of such Obligor or (ii) a violation of any state or federal law (including the Controlled Substances Act, the Money Laundering Control Act of 1986, and the Illegal Exportation of War Materials Act), and in either case under clause (i) or (ii) such event would reasonably be expected to that could lead to a forfeiture of any material (as determined by Agent in the exercise of its discretion) Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mastec Inc), Loan and Security Agreement (Mastec Inc)
Criminal Forfeiture. Any Obligor (or any of its Senior Officers) is criminally indicted or convicted for (i) a felony committed in the conduct conducted of the business of such Obligor or (ii) a violation of any state or federal law (including the Controlled Substances Act, the Money Laundering Control Act of 1986, and the Illegal Exportation of War Materials Act), and in either case under clause (i) or (ii) such event would reasonably be expected to that could lead to a forfeiture of any material (as determined by Agent in the exercise of its discretion) Collateral.
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