Common use of Forfeiture Proceedings Clause in Contracts

Forfeiture Proceedings. An adjudication against the Borrower or a Subsidiary Guarantor of the Borrower in any criminal proceedings requiring the Borrower's or such Subsidiary Guarantor's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Fifty Thousand Dollars ($50,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Curtis Sub Inc)

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Forfeiture Proceedings. An adjudication against the Borrower or a Subsidiary Guarantor of the Borrower its Subsidiaries in any criminal proceedings requiring the Borrower's or such Subsidiary Guarantor's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Two Hundred Fifty Thousand Dollars ($50,000250,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Diy Home Warehouse Inc)

Forfeiture Proceedings. An adjudication against the any Borrower or a any Subsidiary Guarantor of the such Borrower in any criminal proceedings requiring the such Borrower's or such Subsidiary GuarantorSubsidiary's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Fifty Thousand One Million Dollars ($50,0001,000,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Instron Lawrence Corp)

Forfeiture Proceedings. An adjudication against the any Borrower or a any Subsidiary Guarantor of the Borrower thereof or in any criminal proceedings requiring the such Borrower's or such Subsidiary GuarantorSubsidiary's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Fifty One Hundred Thousand Dollars ($50,000100,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Hawk Corp)

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Forfeiture Proceedings. An adjudication against the Borrower or a any Subsidiary Guarantor of the Borrower or in any criminal proceedings requiring the Borrower's 's, or such Subsidiary GuarantorSubsidiary's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Fifty Thousand Dollars ($50,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Olympic Steel Inc)

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