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 insuranceinsurance as to which a Borrower has received payments, the cessation or substantial curtailment of revenue producing activities at any facility of a Borrower or 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 1 contract

Samples: Loan Agreement (North Face Inc)

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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 (30) consecutive days beyond the coverage period of any applicable business interruption insurance, the cessation or substantial curtailment of revenue producing activities of the Borrower, any other Loan Parties Party, or any other Subsidiary of Borrower taken as a whole and only if any such event or circumstance could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Maui Land & Pineapple Co Inc)

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