Common use of Criminal or Regulatory Actions Clause in Contracts

Criminal or Regulatory Actions. Any Credit Party, any of its Subsidiaries, or any member of the Senior Management thereof shall be indicted for, convicted of or found culpable of a felony under applicable Law that would reasonably be expected to (i) materially impair (A) the ability of the Credit Parties to operate their business, (B) any Loan Document, or (C) any rights or remedies of the Administrative Agent or any Term Lender under any Loan Document, or (ii) result in a material declination in value of the Collateral. Any member of the Senior Management of the Credit Parties shall be indicted, convicted or found culpable for a felony under applicable Law involving fraud, financial misconduct, theft, dishonesty, embezzlement, breach of fiduciary duty or other conduct reasonably likely to have an adverse effect on such Person's ability to perform duties as a senior executive of a public company.

Criminal or Regulatory Actions. Any Credit Party, any of its Subsidiaries, or any member of the Senior Management thereof shall be indicted for, convicted of or found culpable of a felony under applicable Law that would reasonably be expected to (i) materially impair (A) the ability of the Credit Parties to operate their business, (B) any Loan Document, or (C) any rights or remedies of the Administrative Agent or any Term Lender under any Loan Document, or (ii) result in a material declination in value of the Collateral. Any executive or any member of the Senior Management of the Credit Parties shall be indicted, convicted or found culpable for a felony under applicable Law involving fraud, financial misconduct, theft, dishonesty, embezzlement, breach of fiduciary duty or other conduct reasonably likely to have an adverse effect on such Person's ’s ability to perform duties as a senior executive of a public company.

Criminal or Regulatory Actions. Any Credit Party, any of its Subsidiaries, or any member of the Senior Management thereof shall be indicted for, convicted of or found culpable of a felony under applicable Law that would reasonably be expected to (i) materially impair (A) the ability of the Credit Parties to operate their business, (B) any Loan Document, or (C) any rights or remedies of the Administrative Agent or any Term Lender under any Loan Document, or (ii) result in a material declination in value of the Collateral. Any member of the Senior Management of the Credit Parties shall be indicted, convicted or found culpable for a felony under applicable Law involving fraud, financial misconduct, theft, dishonesty, embezzlement, breach of fiduciary duty or other conduct reasonably likely to have an adverse effect on such Person's ’s ability to perform duties as a senior executive of a public company.