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Common use of Other Government Action Clause in Contracts

Other Government Action. Any act of any Governmental Authority shall deprive Borrower or any Relevant Subsidiaries of any right, privilege, or franchise or restrict the exercise thereof and such act is not revoked or rescinded within 60 days after it becomes effective or within 30 days after notice from Agent, whichever first occurs unless such act does not have a Material Adverse Effect; or

Appears in 3 contracts

Samples: Loan Agreement (Shurgard Storage Centers Inc), Loan Agreement (Shurgard Storage Centers Inc), Loan Agreement (Shurgard Storage Centers Inc)

Other Government Action. Any act of any Governmental Authority shall shall, in the reasonable opinion of Agent, deprive Borrower Borrowers or any Relevant Subsidiaries Subsidiary of any substantial right, privilege, or franchise or substantially restrict the exercise thereof and such act is not revoked or rescinded within 60 sixty (60) days after it becomes effective or within 30 thirty (30) days after notice from Agent, whichever first occurs unless such act does not have a Material Adverse Effectoccurs; or

Appears in 2 contracts

Samples: Loan Agreement (Northwest Pipe Co), Loan Agreement (Northwest Pipe Co)

Other Government Action. Any act of any Governmental Authority shall deprive Borrower or any Relevant Subsidiaries Subsidiary of any right, privilege, privilege or franchise that is material to the conduct of a material part of the business of Borrower or such Subsidiary or shall substantially restrict the exercise thereof of such right, privilege or franchise, and such act is shall not be revoked or rescinded within 60 days after it becomes shall have become effective or within 30 days after notice from Agentthe Agent to Borrower requesting revocation or rescission, whichever first occurs unless such act does not have a Material Adverse Effect; oroccurs.

Appears in 1 contract

Samples: Credit Agreement (Washington Natural Gas Co)

Other Government Action. Any act of any Governmental Authority shall (in the opinion of Lender) deprive Borrower or any Relevant Subsidiaries of any substantial right, privilegeprivilege or franchise, or franchise or substantially restrict the exercise thereof thereof, and such act is shall not be revoked or rescinded within 60 days after it becomes shall have become effective or within 30 days after notice from AgentLender, whichever first occurs unless such act does not have a Material Adverse Effectoccurs; or

Appears in 1 contract

Samples: Loan Agreement (Crystal Mountain Inc)

Other Government Action. Any act of any Governmental Authority shall shall, in the reasonable opinion of Agent, deprive Borrower or any Relevant Subsidiaries Subsidiary of any substantial right, privilege, or franchise which is material to the Borrower's business on a consolidated basis or substantially restrict the exercise thereof and such act is not revoked or rescinded within 60 sixty (60) days after it becomes effective or within 30 thirty (30) days after notice from Agent, whichever first occurs unless such act does not have a Material Adverse Effectoccurs; or

Appears in 1 contract

Samples: Loan Agreement (Merix Corp)