Common use of Damage; Strike; Casualty Clause in Contracts

Damage; Strike; Casualty. Any material damage to, or loss, theft or destruction of, any Property, whether or not insured, or any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than thirty (30) consecutive days beyond the coverage period of any applicable business interruption insurance, the cessation or substantial curtailment of revenue producing activities of Loan Parties taken as a whole if any such event or circumstance could reasonably be expected to have a Material Adverse Effect.

Appears in 4 contracts

Samples: Loan and Security Agreement (1847 Goedeker Inc.), Loan and Security Agreement (1847 Goedeker Inc.), Loan and Security Agreement (1847 Holdings LLC)

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Damage; Strike; Casualty. Any material damage to, or loss, theft or destruction of, any PropertyCollateral, whether or not insured, or any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than thirty sixty (3060) consecutive days beyond the coverage period of any applicable business interruption insurance, the cessation or substantial curtailment of revenue producing activities at any facility of any Loan Parties taken as a whole Party if any such event or circumstance could reasonably be expected to have a Material Adverse Effect.; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Gse Systems Inc), Loan and Security Agreement (Comforce Corp)

Damage; Strike; Casualty. Any material damage to, ------------------------ or loss, theft or destruction of, any PropertyCollateral, whether or not insured, or any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than thirty fifteen (3015) consecutive days beyond the coverage period of any applicable business interruption insurancedays, the cessation or substantial curtailment of revenue producing activities at any facility of any Loan Parties taken as a whole Party or any of its Subsidiaries, if any such event or circumstance could reasonably be expected to have a Material Adverse Effect.; or

Appears in 1 contract

Samples: Credit Agreement (Lund International Holdings Inc)

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Damage; Strike; Casualty. Any material damage to, or loss, theft or destruction of, any PropertyCollateral, whether or if not adequately insured, or any strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other casualty which causes, for more than thirty (30) consecutive days beyond the coverage period of any applicable business interruption insurancedays, the cessation or substantial curtailment of revenue producing activities at any facility of any Loan Parties taken as a whole Party if any such event or circumstance could is reasonably be expected likely to have a Material Adverse Effect.; or

Appears in 1 contract

Samples: Loan and Security Agreement (Rocky Shoes & Boots Inc)

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