Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower which are reasonably likely to result in a Material Adverse Change.
Appears in 2 contracts
Samples: Loan and Security Agreement (Inspire Pharmaceuticals Inc), Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)
Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower which are either (a) involving fraud, moral turpitude, or a felony, or (b) that could reasonably likely be expected to result in a Material Adverse Change.;
Appears in 2 contracts
Samples: Loan and Security Agreement (Furiex Pharmaceuticals, Inc.), Loan and Security Agreement (Furiex Pharmaceuticals, Inc.)
Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower which are involving fraud, moral turpitude, or a felony or other criminal proceeding that could reasonably likely be expected to result in a Material Adverse Change.;
Appears in 2 contracts
Samples: Loan and Security Agreement (Regado Biosciences Inc), Loan and Security Agreement (Regado Biosciences Inc)
Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower or any Guarantor which are reasonably likely to result in a Material Adverse Change.
Appears in 1 contract
Samples: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)
Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower which are involving fraud, moral turpitude, or a felony or any other criminal proceeding that could reasonably likely be expected to result in have a Material Adverse Change.material adverse effect on Borrower’s business;
Appears in 1 contract
Samples: Loan and Security Agreement (Celldex Therapeutics, Inc.)
