Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of the Company or any Material Subsidiary, or the Company or any Material Subsidiary for any reason loses any material license, permit or franchise, or the Company or any Material Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; or
Appears in 6 contracts
Samples: Credit Agreement (Giant Industries Inc), Credit Agreement (Giant Industries Inc), Credit Agreement (Giant Industries Inc)
Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of the Company Borrower or any Material Subsidiaryof its Subsidiaries, or the Company or any Material Subsidiary such Person for any reason loses any material license, permit or franchise, or the Company or any Material Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; or
Appears in 2 contracts
Samples: Credit Agreement (Miller Petroleum Inc), Credit Agreement (Cubic Energy Inc)
Loss of Permit. Any Governmental Authority revokes or fails to renew any material license, permit or franchise of the Company Borrower or Giant Industries or any Material Subsidiary, or the Company Giant Industries or any Material Subsidiary for any reason loses any material license, permit or franchise, or the Company Giant Industries or any Material Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material license, permit or franchise; or
Appears in 1 contract
