Common use of No Activities Leading to Forfeiture Clause in Contracts

No Activities Leading to Forfeiture. Neither the Borrowers nor any of their respective Subsidiaries or Affiliates shall engage in or propose to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding.

Appears in 4 contracts

Samples: Credit Agreement (Transact Technologies Inc), Credit Agreement (Tridex Corp), Credit Agreement (Tridex Corp)

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No Activities Leading to Forfeiture. Neither the Borrowers Borrower nor any of their respective its Subsidiaries or Affiliates shall engage in or propose to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding.

Appears in 2 contracts

Samples: Credit Agreement (Transact Technologies Inc), Credit Agreement (Conmed Corp)

No Activities Leading to Forfeiture. Neither None of the Borrowers nor any of their respective Subsidiaries or Affiliates shall engage in or propose to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Biscayne Apparel Inc /Fl/)

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No Activities Leading to Forfeiture. Neither the Borrowers Borrower nor any of their respective its Subsidiaries or Affiliates shall engage in in, or propose to be engaged in in, the conduct of any business or activity which could result in a Forfeiture Proceeding.

Appears in 1 contract

Samples: Security Agreement (Allied Devices Corp)

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