Common use of Indictment Clause in Contracts

Indictment. There is any actual indictment of any Loan Party or any Loan Party’s current officers (relating to such current officer’s actions in conducting the applicable Loan Party’s business affairs) under any criminal statute.

Appears in 7 contracts

Samples: Credit and Security Agreement (Quantum Corp /De/), Term Loan Credit and Security Agreement (Quantum Corp /De/), Credit and Security Agreement (Quantum Corp /De/)

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Indictment. There is any actual indictment of any Loan Party or any Loan Party’s current officers (relating to such current officer’s actions in conducting the applicable Loan Party’s business affairs) under any criminal statute. XI LENDERS’ RIGHTS AND REMEDIES AFTER DEFAULT.

Appears in 1 contract

Samples: Security Agreement (Quantum Corp /De/)

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Indictment. There is any actual indictment of any Loan Party or any Loan Party’s current officers (relating to such current officer’s actions in conducting the applicable Loan Party’s business affairs) under any criminal statute.. 121

Appears in 1 contract

Samples: Credit and Security Agreement (Quantum Corp /De/)

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