Common use of Revocation Proceeding Clause in Contracts

Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any license issued to Borrower or any Subsidiary; or

Appears in 1 contract

Samples: Loan and Security Agreement (Unique Logistics International, Inc.)

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Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which any Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any license issued to such Borrower or any Subsidiary; or

Appears in 1 contract

Samples: Loan Agreement (American Locker Group Inc)

Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any license issued to Borrower or any SubsidiaryBorrower; or

Appears in 1 contract

Samples: Loan Agreement (Bollinger Industries Inc)

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Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any material license issued to Borrower or any SubsidiaryBorrower; or

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

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