Common use of Forfeiture Proceedings Clause in Contracts

Forfeiture Proceedings. An adjudication against any Borrower or any Subsidiary thereof or in any criminal proceedings requiring such Borrower’s or such Subsidiary’s forfeiture of any asset; or

Appears in 2 contracts

Samples: Credit and Security Agreement (Peak Resorts Inc), Credit and Security Agreement (Peak Resorts Inc)

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Forfeiture Proceedings. An adjudication against any Borrower or any Subsidiary thereof or in any criminal proceedings requiring such Borrower’s or such Subsidiary’s forfeiture of any asset; or

Appears in 2 contracts

Samples: Option Agreement (Peak Resorts Inc), Master Credit and Security Agreement (Peak Resorts Inc)

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Forfeiture Proceedings. An adjudication against any Borrower or any Subsidiary thereof or in any criminal proceedings requiring such Borrower’s or such Subsidiary’s forfeiture of any asset; oror Financial Impairment . The Financial Impairment of any Borrower or any Subsidiary thereof.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Peak Resorts Inc)

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