Seizures. Any portion of the Collateral having a value in excess of $50,000 shall be seized or taken by a Governmental Body, or any Credit Party or the title and rights of any Credit 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 or other proceeding which might, in the reasonable opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 4 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc), Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc), Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc)
Seizures. Any (a) portion of the Collateral having a value in excess of $50,000 1,000,000 or more shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Credit Party or (b) the title and rights of any Credit Loan Party or any Original Owner which is the owner of any material portion of the Collateral having a value of $1,000,000 or more shall have become the subject matter of claim, litigation, suit suit, garnishment or other proceeding which might, in the reasonable opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Revolving Credit and Security Agreement (Viant Technology Inc.)
Seizures. Any portion of the Collateral having a with an aggregate value in excess of $50,000 500,000 shall be seized or taken by a Governmental Body, or any Credit Party Borrower or any Guarantor or the title and rights of any Credit Party Borrower or any Original Owner Guarantor 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 might, in the reasonable opinion of Agent, upon final determination, result in material impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 3 contracts
Samples: Term Loan and Security Agreement (ARKO Corp.), Term Loan and Security Agreement (GPM Petroleum LP), Term Loan and Security Agreement (GPM Petroleum LP)
Seizures. Any (a) portion of the Collateral having a value in excess of $50,000 500,000 shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Credit Party or (b) the title and rights of any Credit Loan 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 might, in the reasonable opinion of Agent, upon final determination, would reasonably be expected to result in material impairment or loss of the security provided by this Agreement or the Other Documents;; 074658.18062/111245555v.10
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Perma-Pipe International Holdings, Inc.)
Seizures. Any portion of the Collateral having a with an aggregate value in excess of $50,000 500,0002,500,000 shall be seized or taken by a Governmental Body, or any Credit Party Borrower or the title and rights of any Credit Party or any Original Owner Borrower 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 might, in the reasonable opinion of Agent, upon final determination, result in material impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (ARKO Corp.)
Seizures. Any portion of the Collateral having a value in excess of $50,000 500,000 shall be seized or taken by a Governmental Body, or any Credit Party or the title and rights of any Credit Party or any Original Owner which is the owner of any material portion of the Collateral shall have 074658.01845/123458281v.1 become the subject matter of claim, litigation, suit or other proceeding which might, in the reasonable opinion of Agent, upon final determination, result results in impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (SMTC Corp)
Seizures. Any portion of the Collateral having a value in excess of -------- greater than $50,000 250,000 shall be seized or taken by a Governmental Body, or any Credit Party Borrower or any Guarantor or the title and rights of any Credit Party Borrower or any Original Owner Guarantor 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 might, in the reasonable opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documentsis reasonably likely to have a Material Adverse Effect;
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Air Methods Corp)
Seizures. Any portion of the Collateral having a value in excess of $50,000 500,000 shall be seized or taken by a Governmental Body, or any Credit Party or the title and rights of any Credit 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 or other proceeding which might, in the reasonable opinion of Agent, upon final determination, result results in impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (SMTC Corp)
Seizures. Any portion of the Collateral having a value in excess of $50,000 100,000 in the aggregate shall be seized or taken by a Governmental Body, or any Credit Party Borrower or the title and rights of any Credit Party Borrower 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 or other proceeding which might, in the reasonable opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Intcomex, Inc.)
Seizures. Any (a) portion of the Collateral having a value in excess of $50,000 shall be seized seized, subject to garnishment or taken by a Governmental Body, or any Credit Party or (b) the title and rights of any Credit Party Loan Party, or any Original Owner Person 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 mightcould reasonably be expected to, in the reasonable opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;; 10.
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Cca Industries Inc)
Seizures. Any portion of the Collateral having a value in excess of $50,000 500,000 shall be seized or taken by a Governmental Body, or any Credit Party Borrower or any Guarantor or the title and rights of any Credit Party Borrower or any Original Owner which is the owner of any material portion of Guarantor in the Collateral or in any vessel shall have become the subject matter of claim, litigation, suit or other proceeding which might, in the reasonable opinion of Agent, upon final determination, result in impairment or loss of the security provided by this Agreement or the Other Documents;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Horizon Offshore Inc)