Common use of Loss of Property Clause in Contracts

Loss of Property. A substantial part of an Obligor’s business or assets is destroyed, abandoned, seized, appropriated or forfeited for any reason provided, in the reasonable opinion of the Majority Lenders, that such occurrence has or is reasonably likely to have a Material Adverse Effect.

Loss of Property. A All or a substantial part of an Obligor’s the business or assets of any Obligor is destroyed, abandoned, seized, appropriated or forfeited for any reason providedreason, and such occurrence in the reasonable opinion of the Agent (acting on the instructions of the Majority Lenders, that such occurrence ) has or is could reasonably likely be expected to have a Material Adverse Effect.