Common use of Intervention by Governmental Authority Clause in Contracts

Intervention by Governmental Authority. Borrower will not permit to occur any seizure by, or the vesting of or intervention by or under the jurisdiction of, any Governmental Authority by which Borrower’s management is displaced or its authority in the conduct of its business is materially curtailed.

Appears in 3 contracts

Samples: Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement (EQM Technologies & Energy, Inc.), Financing Agreement (OVERSTOCK.COM, Inc)

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Intervention by Governmental Authority. No Borrower will not permit to occur any seizure by, or the vesting of or intervention by or under the jurisdiction of, any Governmental Authority by which Borrower’s 's management is displaced or its authority in the conduct of its business is materially curtailed.

Appears in 2 contracts

Samples: Note Purchase Agreement (Suntron Corp), Financing Agreement (Suntron Corp)

Intervention by Governmental Authority. Neither Borrower will not permit to occur any seizure by, or the vesting of or intervention by or under the jurisdiction of, any Governmental Authority by which a Borrower’s 's management is displaced or its authority in the conduct of its business is materially curtailed.

Appears in 1 contract

Samples: Financing Agreement (Fm Precision Golf Corp)

Intervention by Governmental Authority. Borrower Borrowers will not permit to occur any seizure by, or the vesting of or intervention by or under the jurisdiction of, any Governmental Authority by which any Borrower’s management is displaced or its authority in the conduct of its business is materially curtailed.

Appears in 1 contract

Samples: Loan Agreement (EQM Technologies & Energy, Inc.)

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Intervention by Governmental Authority. No Borrower will not permit to occur any seizure by, or the vesting of or intervention by or under the jurisdiction of, any Governmental Authority by which any Borrower’s 's management is displaced or its authority in the conduct of its business is materially curtailed.

Appears in 1 contract

Samples: Financing Agreement (Sabreliner Corp)

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