Common use of Government Contracts and Material Contracts Clause in Contracts

Government Contracts and Material Contracts. (i) There shall be a material default under any material Government Contract or other Material Contract; (ii) a notice of termination shall have been issued under any material Government Contract or other Material Contract; or (iii) a cure notice issued under any material Government Contract or other Material Contract shall remain uncured beyond (x) the expiration of the time period available to Borrower or other Loan Party, as applicable, pursuant to such 117 material Government Contract or other Material Contract and/or such cure notice (as the case may be), to cure the noticed default, or (y) the date on which the other contracting party is entitled to exercise its rights and remedies under the material Government Contract or other Material Contract as a consequence of such default; or (i) Borrower or any of its Subsidiaries is disbarred or suspended from contracting with any Governmental Authority; (ii) a notice of debarment or suspension has been issued to or received by Borrower or any of its Subsidiaries; or (iii) an investigation or inquiry by any Governmental Authority relating to any Loan Party and involving fraud, deception or willful misconduct shall have been commenced in connection with any material Government Contract or other Material Contract or any Loan Party's activities which, if adversely determined, could reasonable be expected to result in the termination of such material Government Contract or other Material Contract or, with respect to any Loan Party's activities, could reasonably be expected to have a Material Adverse Effect; or

Government Contracts and Material Contracts. (i) There shall be a material default under any material Government Contract or other Material Contract; (ii) a notice of termination shall have been issued under any material Government Contract or other Material Contract; or (iii) a cure notice issued under any material Government Contract or other Material Contract shall remain uncured beyond (x) the expiration of the time period available to Borrower or other Loan Party, as applicable, pursuant to such 117 material Government Contract or other Material Contract and/or such cure notice (as the case may be), to cure the noticed default, or (y) the date on which the other contracting party is entitled to exercise its rights and remedies under the material Government Contract or other Material Contract as a consequence of such default; or (i) Borrower or any of its Subsidiaries is disbarred or suspended from contracting with any Governmental Authority; (ii) a notice of debarment or suspension has been issued to or received by Borrower or any of its Subsidiaries; or (iii) an investigation or inquiry by any Governmental Authority relating to any Loan Party and involving fraud, deception or willful misconduct shall have been commenced in connection with any material Government Contract or other Material Contract or any Loan Party's activities which, if adversely determined, could reasonable be expected to result in the termination of such material Government Contract or other Material Contract or, with respect to any Loan Party's activities, could reasonably be expected to have a Material Adverse Effect; or