Criminal Indictment Sample Clauses

Criminal Indictment. The Borrower becomes subject to a criminal indictment (i) that could reasonably be expected to have a Material Adverse Effect or (ii) that results in a conviction or other criminal outcome adverse to the Borrower that could reasonably be expected to have a Material Adverse Effect.

Criminal Indictment. A Credit Party, any of its Subsidiaries, any Controlled Fund GP or any of their respective Authorized Officers is criminally indicted or convicted for (i) a felony, a financial crime, or fraud committed in the conduct of such Credit Party’s or Subsidiary’s business, or (ii) violating any state or federal law that could lead to forfeiture of any material assets of any Credit Party or of any Controlled Fund GP or any Collateral; or

Criminal Indictment. Borrower becomes subject to a criminal indictment (i) that could reasonably be expected to have a Material Adverse Effect or (ii) that results in a conviction or other criminal outcome adverse to Borrower that could reasonably be expected to have a Material Adverse Effect; THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f) or 8.1(g), automatically and (2) upon the occurrence of any other Event of Default, at the request of (or with the consent of) Requisite Lenders, upon notice to Borrower by Administrative Agent, (A) the Revolving Commitment, if any, of each Lender having a Revolving Commitment and the obligation of Issuing Bank to issue any Letter of Credit shall immediately terminate; (B) each of the following shall immediately become due and payable, in each case without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and accrued interest on the Loans, (II) an amount equal to the maximum amount that may at any time be drawn under all Letters of Credit then outstanding (regardless of whether any beneficiary under any such Letter of Credit shall have presented, or shall be entitled at such time to present, the drafts or other documents or certificates required to draw under such Letters of Credit) which shall be held by Administrative Agent as security for Borrower’s reimbursement Obligations in respect of Letters of Credit then outstanding, and (III) all other Obligations; provided, the foregoing shall not affect in any way the obligations of Lenders under Section 2.3(b)(v) or Section 2.4(e); (C) Administrative Agent may cause Collateral Agent to enforce any and all Liens and security interests created pursuant to Collateral Documents.

Criminal Indictment. A criminal indictment or a felony is entered against an officer or director of Seller.

Criminal Indictment. If (a) any Obligor is indicted under any criminal statute or (b) any criminal or civil proceedings are commenced against any Obligor by a governmental authority, which (with respect to clause (a) or (b), (i) pursuant to applicable statutes or proceedings, the penalties or remedies sought or available include forfeiture of any of the material property of any Obligor and (ii) results in either (x) a conviction of any Obligor or (y) a negotiated settlement under which any Obligor(s) are required to pay $1,000,000 in the aggregate.