Common use of No Forfeiture Clause in Contracts

No Forfeiture. Neither the Borrower nor any of its Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened.

Appears in 8 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Daka International Inc), Credit Agreement (Seneca Foods Corp /Ny/)

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No Forfeiture. Neither the such Borrower nor any of its Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened.

Appears in 5 contracts

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

No Forfeiture. Neither the Borrower nor any of its Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened, which would individually or in the aggregate materially and adversely affect the business, operations, assets or financial condition of the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Hardinge Inc), Credit Agreement (Hardinge Inc)

No Forfeiture. Neither the Borrower nor any of its Subsidiaries or Affiliates to the knowledge of Borrower Affiliates, is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened, which reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Hardinge Inc), Credit and Term Loan Agreement (Hardinge Inc)

No Forfeiture. Neither the Borrower nor any other member of its Subsidiaries or Affiliates the Borrower Group is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened.

Appears in 1 contract

Samples: Pledge Agreement (Digital Radio LLC)

No Forfeiture. Neither None of the Borrower Borrowers nor any of its their Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or to the best of their knowledge, threatened.

Appears in 1 contract

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

No Forfeiture. Neither the Borrower nor any of its Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and and, to the best knowledge of Borrower, no Forfeiture Proceeding against any of them is pending or threatened.

Appears in 1 contract

Samples: Credit Agreement (Performance Technologies Inc \De\)

No Forfeiture. Neither the Borrower nor any of its Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened.

Appears in 1 contract

Samples: Day Credit Agreement (Liberty Corp)

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No Forfeiture. Neither the Borrower nor any of its Affiliates or Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened, which would individually or in the aggregate have a Material Adverse Effect.

Appears in 1 contract

Samples: Term Loan Agreement (Hardinge Inc)

No Forfeiture. Neither the Borrower nor any of its ------------- Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened.

Appears in 1 contract

Samples: Credit Agreement (Mercator Software Inc)

No Forfeiture. Neither the Borrower nor any of its Subsidiaries or Affiliates the Guarantors is engaged in or proposes to be engaged in the conduct of any business or activity which could result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or threatened.

Appears in 1 contract

Samples: Security Agreement (Allied Devices Corp)

No Forfeiture. Neither the Borrower nor any of its Subsidiaries or Affiliates is engaged in or proposes to be engaged in the conduct of any business or activity which could is reasonably expected to result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or or, to the knowledge of the Borrower, threatened. Section 5.19.

Appears in 1 contract

Samples: Credit Agreement (Nfo Worldwide Inc)

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