Common use of Criminal Proceedings Clause in Contracts

Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor, or the indictment of any Obligor for any crime.

Appears in 14 contracts

Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Hartville Group Inc)

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Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor, Obligor or the indictment of any Obligor for any crime.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Sl Industries Inc)

Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor, Obligor or the Guarantor or the indictment of any Obligor or the Guarantor for any crime.

Appears in 1 contract

Samples: Loan Agreement (Tarpon Industries, Inc.)

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Criminal Proceedings. The institution in any court of a criminal proceeding against any ObligorObligor or any Subsidiary, or the indictment of any Obligor or any Subsidiary for any crime, in each case other than traffic and boating tickets and misdemeanors not punishable by jail terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Delphax Technologies Inc)

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