Criminal Proceedings. The indictment of Borrower or Guarantor under any criminal statute, or the commencement of criminal or civil proceedings against Borrower or Guarantor pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of any Collateral, or Borrower or Guarantor engages or participates in any "check kiting" activity regardless of whether a criminal investigation has been commenced.
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Samples: Loan Agreement (BBX Capital Corp), Loan Agreement (BFC Financial Corp), Loan Agreement (BBX Capital Corp)
Criminal Proceedings. The indictment of either Borrower or Guarantor under any criminal statute, or the commencement of criminal or civil proceedings against either Borrower or Guarantor pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of any Collateral, or Borrower or Guarantor engages or participates in any "“check kiting" ” activity regardless of whether a criminal investigation has been commenced.
Appears in 2 contracts
Samples: Acquisition Loan and Security Agreement (BBX Capital Corp), Acquisition Loan and Security Agreement (Bluegreen Vacations Corp)
Criminal Proceedings. The indictment of Borrower or Guarantor under any criminal statute, or the commencement of criminal or civil proceedings against Borrower or Guarantor pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of any Collateral, Collateral or Borrower or Guarantor engages or participates in any "“check kiting" ” activity regardless of whether a criminal investigation has been commenced.
Appears in 2 contracts
Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp)
Criminal Proceedings. The indictment of Borrower or Guarantor under any criminal statute, or the commencement of criminal or civil proceedings against Borrower or Guarantor pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of any Collateral, or Borrower or Guarantor engages or participates in any "“check kiting" ” activity regardless of whether a criminal investigation has been commenced.
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Criminal Proceedings. The indictment of Borrower or Guarantor under any criminal statute, or the commencement of criminal or civil proceedings against Borrower or Guarantor pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of any Sub-Loan Collateral, or Borrower or Guarantor engages or participates in any "“check kiting" ” activity regardless of whether a criminal investigation has been commenced.
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