Common use of Loss of License Clause in Contracts

Loss of License. The loss, revocation, or failure by Borrowers to renew any license, permit, and/or franchise now held or hereafter acquired by any Borrower, which is necessary for the continued operation of such Borrower’s business which does or could reasonably be expected to have a Material Adverse Effect;

Appears in 7 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

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Loss of License. The loss, revocation, or failure by Borrowers to renew any license, permit, and/or franchise now held or hereafter acquired by any Borrower, which is necessary for the continued operation of such Borrower’s business which does or could reasonably be expected to have a Material Adverse Effect;materially adversely affect the properties and condition (financial or otherwise) of such Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

Loss of License. The loss, revocationsuspension or revocation of, or failure by Borrowers to renew renew, any license, permit, and/or franchise license or permit now held or hereafter acquired by the Loan Parties or any Borrowerof the Company's Subsidiaries, which is necessary for the continued operation of if such Borrower’s business which does loss, suspension, revocation or failure to renew could reasonably be expected to have a Material Adverse Effect;; or

Appears in 1 contract

Samples: Credit Agreement (Texas Petrochemicals Lp)

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Loss of License. The loss, revocation, or failure by Borrowers to renew any license, permit, and/or franchise now held or hereafter acquired by any Borrower, which is necessary for the continued operation of such Borrower’s business which does or could reasonably be expected to have a Material Adverse Effect;'s business.

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Group Inc)

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