Common use of Criminal Forfeiture Clause in Contracts

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.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacuzzi Brands Inc)

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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 (having a fair market value of $100,000 or more individually or in the aggregate) of any Borrower, any Subsidiary of any Borrower or any Guarantor.; or

Appears in 1 contract

Samples: Credit Agreement (Polyvision Corp)

Criminal Forfeiture. Any Borrower, Borrower or 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 amount of Property of any Borrower, any or Subsidiary of any Borrower or any GuarantorBorrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Sitel Corp)

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Criminal Forfeiture. Any Borrower, Borrower or 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 GuarantorSubsidiary 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)

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