Common use of Indictment; Proceedings Clause in Contracts

Indictment; Proceedings. The indictment or threatened indictment ------------------------ of the Parent, the Company, any of its Subsidiaries or any Guarantor or any executive officer of the Parent, the Company or any of its Subsidiaries under any criminal statute, or commencement or threatened commencement of criminal or civil proceeding against the Parent, the Company, any of its Subsidiaries or any Guarantor or any executive officer of the Parent, the Company, any of its Subsidiaries or any Guarantor pursuant to which statute or proceeding penalties or remedies sought or available include forfeiture of any of the property of the Company, any of its Subsidiaries or any Guarantor; or

Appears in 2 contracts

Samples: Secured Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.)

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Indictment; Proceedings. The indictment or threatened indictment ------------------------ of the Parent, the Company, any of its their Subsidiaries or any Guarantor or any executive officer of the Parent, the Company or any of its their Subsidiaries under any criminal statute, or commencement or threatened commencement of criminal or civil proceeding against the Parent, the Company, any of its their Subsidiaries or any Guarantor or any executive officer of the Parent, the Company, any of its their Subsidiaries or any Guarantor pursuant to which statute or proceeding penalties or remedies sought or available include forfeiture of any of the property of the Parent, the Company, any of its their Subsidiaries or any Guarantor; or

Appears in 2 contracts

Samples: Secured Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.)

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Indictment; Proceedings. The indictment or threatened ------------------------ indictment ------------------------ of the Parent, the Company, any of its Subsidiaries or any Guarantor or any executive officer of the Parent, the Company or any of its Subsidiaries under any criminal statute, or commencement or threatened commencement of criminal or civil proceeding against the Parent, the Company, any of its Subsidiaries or any Guarantor or any executive officer of the Parent, the Company, any of its Subsidiaries or any Guarantor pursuant to which statute or proceeding penalties or remedies sought or available include forfeiture of any of the property of the Company, any of its Subsidiaries or any Guarantor; or

Appears in 1 contract

Samples: Secured Term Note (Texhoma Energy Inc)

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