Seizures. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Party or the title and rights of any Loan Party which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to result in a Material Adverse Effect;
Appears in 4 contracts
Samples: Revolving Credit and Security Agreement (Boot Barn Holdings, Inc.), Term Loan and Security Agreement (Boot Barn Holdings, Inc.), Term Loan and Security Agreement (Boot Barn Holdings, Inc.)
Seizures. Any material portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Party or the title and rights of any Loan Party which is the owner of any material portion of the Collateral shall have become the subject matter of claimlitigation which could reasonably be expected, litigationin the opinion of Agent, suit or other proceeding which is reasonably likely upon final determination, to result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 3 contracts
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Sachem Capital Corp.)
Seizures. Any (a) portion of the Collateral shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Loan Party Party, or (b) the title and rights of any Loan Party which is the owner of any material portion of Party, in and to the Collateral shall have become the subject matter of claim, litigation, suit suit, garnishment or other proceeding which is reasonably likely to might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.), Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.), Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.)
Seizures. Any (a) portion of the Collateral shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Loan Party Party, or (b) the title and rights of any Loan Party Party, or any Original Owner which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit suit, garnishment or other proceeding which is reasonably likely to might, in the opinion of any Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (A.S.V., LLC), Revolving Credit, Term Loan and Security Agreement (Manitex International, Inc.)
Seizures. Any material portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Party or the title and rights of any Loan Party which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (Twist Beauty S.a r.l. & Partners S.C.A.), Revolving Credit, Term Loan and Security Agreement (Twist Beauty S.a r.l. & Partners S.C.A.)
Seizures. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Credit Party or the title and rights of any Loan Credit Party which that is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to that might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the other Loan Documents;
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Virco MFG Corporation), Revolving Credit and Security Agreement (Virco MFG Corporation)
Seizures. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Party or the title and rights of any Loan Party or Sponsor which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (NYTEX Energy Holdings, Inc.)
Seizures. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Party or the title and rights of any Loan Party which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (General Finance CORP)
Seizures. Any (a) portion of the Collateral in excess of $500,000 shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Loan Party or (b) the title and rights of any Loan Party which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit suit, garnishment or other proceeding which is would reasonably likely be expected to result in a Material Adverse Effectmaterial impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Perma-Pipe International Holdings, Inc.)
Seizures. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Credit Party or the title and rights of any Loan Credit Party which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to might, in the Permitted Discretion of Agent, upon final determination, result in a Material Adverse Effectmaterial impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Englobal Corp)
Seizures. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Party or the title and rights of any Loan Party which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Seizures. Any material portion of the Collateral shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Loan Party Credit Party, or the title and rights of any Loan Party which is the owner of any material portion of the Collateral Credit Party, shall have become the subject matter of claim, litigation, suit suit, garnishment or other proceeding which is reasonably likely to might, as determined by Agent in its Permitted Discretion, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Term Loan and Security Agreement (Direct Digital Holdings, Inc.)
Seizures. Any (a) material portion of the Collateral shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Loan Party Party, or (b) the title and rights of any Loan Party which is the owner of to any material portion of the Collateral shall have become the subject matter of claim, litigation, suit suit, garnishment or other proceeding which is reasonably likely to might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectimpairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (AutoWeb, Inc.)
Seizures. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Credit Party or the title and rights of any Loan Credit Party which is the owner of any material portion of the Collateral shall have become the subject matter of claim, litigation, suit or other proceeding which is reasonably likely to might, in the opinion of Agent, upon final determination, result in a Material Adverse Effectmaterial impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Flotek Industries Inc/Cn/)
