Common use of Criminal Proceedings Clause in Contracts

Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which would have a Material Adverse Effect on such Obligor, or the indictment of any Obligor for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms.

Appears in 9 contracts

Samples: Loan and Security Agreement (Perry-Judds Inc), Loan and Security Agreement (Perry-Judds Inc), Loan and Security Agreement (Obsidian Enterprises Inc)

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Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which would be reasonably likely to have a Material Adverse Effect on such Obligor, or the indictment of any Obligor for any crime other than traffic and boating tickets and misdemeanors not punishable by jail termscrime.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sri Surgical Express Inc), Loan and Security Agreement (Sri Surgical Express Inc)

Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which would have a Material Adverse Effect on such Obligor, or the indictment of any Obligor for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms.

Appears in 1 contract

Samples: Loan and Security Agreement (Aavid Thermal Technologies Inc)

Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which would could reasonably be expected to have a Material Adverse Effect on such ObligorEffect, or the indictment of any Obligor or senior executive officer (with respect to his or her actions or inactions in connection with his employment or the business operations of the Credit Parties) for any crime other than traffic and boating tickets and misdemeanors not punishable by jail termsterms to the extent such proceeding or indictment could reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Addus HomeCare Corp)

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Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which that would have a Material Adverse Effect material adverse effect on such Obligor, or the indictment of any Obligor for any crime other than traffic and boating vehicle tickets and misdemeanors not punishable by jail terms.;

Appears in 1 contract

Samples: Revolving Credit Loan Rider (Pen Inc.)

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