Common use of State Action Clause in Contracts

State Action. If any proceeding is instituted or commenced by the State or country of incorporation of any Borrower, seeking a forfeiture of the Articles of Incorporation of a Borrower and any order entered in such proceeding shall fail to be vacated within thirty (30) days.

Appears in 3 contracts

Samples: Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc), Credit Agreement (Continental Waste Industries Inc)

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State Action. If any proceeding is instituted or commenced by the State or country of incorporation of any the Borrower, seeking a forfeiture of the Articles [Certificate] of Incorporation of a the Borrower and any order entered in such proceeding shall fail to be vacated within thirty (30) days.

Appears in 1 contract

Samples: Credit Agreement (Zebu)

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State Action. If any proceeding is instituted or commenced by the State or country of incorporation of any the Borrower, seeking a forfeiture of the Articles Certificate of Incorporation of a the Borrower and any order entered in such proceeding shall fail to be vacated within thirty (30) days.

Appears in 1 contract

Samples: Credit Agreement (Hub International LTD)

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