Common use of Forfeiture Proceedings Clause in Contracts

Forfeiture Proceedings. An adjudication against the Borrower or its Subsidiaries in any criminal proceedings requiring the Borrower's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Two Hundred Fifty Thousand Dollars ($250,000); or

Appears in 1 contract

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

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Forfeiture Proceedings. An adjudication against the any Borrower or its Subsidiaries any Subsidiary thereof or in any criminal proceedings requiring the such Borrower's or such Subsidiary's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Two One Hundred Fifty Thousand Dollars ($250,000100,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Hawk Corp)

Forfeiture Proceedings. An adjudication against the Borrower or its Subsidiaries any Subsidiary of the Borrower or in any criminal proceedings requiring the Borrower's, or such Subsidiary's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Two Hundred Fifty Thousand Dollars ($250,00050,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Olympic Steel Inc)

Forfeiture Proceedings. An adjudication against the any Borrower or its Subsidiaries any Subsidiary of such Borrower in any criminal proceedings requiring the such Borrower's or such Subsidiary's forfeiture of any asset or assets having, either individually or in the aggregate, a value in excess of Two Hundred Fifty Thousand One Million Dollars ($250,0001,000,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Instron Lawrence Corp)

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Forfeiture Proceedings. An adjudication against the Borrower or its Subsidiaries 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 Two Hundred Fifty Thousand Dollars ($250,00050,000); or

Appears in 1 contract

Samples: Credit and Security Agreement (Curtis Sub Inc)

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