Material Agreement. The default by any Borrower, or termination as a result of any such default, under any material license, distributor, franchise or similar agreement used or useful in the operation of the Borrowers' business, including, without limitation, any license issued by any applicable licensing authority, which would reasonably be expected to result in a Material Adverse Change; or
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Samples: Loan Agreement (Dynamics Research Corp), Loan Agreement (Dynamics Research Corp)
Material Agreement. The default by any Borrower, or termination as a result of any such default, under any material license, distributor, franchise or similar agreement used or useful in the operation of the Borrowers' business, including, without limitation, any license issued by any applicable licensing authority, which would reasonably be expected to result results in a Material Adverse Change; or.
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Material Agreement. The default by any Borrower, or termination as a result of any such default, under any material license, distributor, franchise or similar agreement used or useful in the operation of the Borrowers' business, including, without limitation, any license issued by any applicable licensing authority, which would reasonably be expected to result in a Material Adverse Change; or.
Appears in 1 contract
Samples: Loan and Security Agreement (Dynamics Research Corp)
Material Agreement. The default by any Borrower, or termination as a result of any such default, under any material license, distributor, franchise or similar agreement used or useful in the operation of the Borrowers' β business, including, without limitation, any license issued by any applicable licensing authority, which would reasonably be expected to result in a Material Adverse Change; or
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