Common use of Business Interruptions Clause in Contracts

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan Party’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Maturity Date.

Appears in 4 contracts

Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (Universal Business Payment Solutions Acquisition Corp)

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Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has have been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Revolving Credit Maturity Date.

Appears in 4 contracts

Samples: Loan Agreement (Lightpath Technologies Inc), Loan and Security Agreement (Newtek Business Services Inc), Loan and Security Agreement (KeyStone Solutions, Inc.)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Maturity DateDecember 1, 2015.

Appears in 3 contracts

Samples: Loan and Security Agreement (Newtek Business Services, Inc.), Loan and Security Agreement (Newtek Business Services Inc), Loan and Security Agreement (Newtek Business Services, Inc.)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Maturity DateDecember 1, 2015.May 16, 2019.

Appears in 1 contract

Samples: Loan Documents (Newtek Business Services Corp.)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has have been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan Party’s Borrower's knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No Except as shown on Schedule “5.12”, no labor contract of any Borrower is scheduled to expire prior to the Term Loan Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (WPCS International Inc)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Maturity Revolving CreditMaturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Amerinac Holding Corp.)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Maturity Date.May 167, 20192025. 5.13

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Corp.)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan B Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Amerinac Holding Corp.)

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Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Maturity Date.May 16, 2019. 5.13

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Corp.)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has have been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan Party’s Borrower's knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Revolving Credit Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (American Technical Ceramics Corp)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any either Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan Partyeither Borrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any BorrowerBorrowers. No labor contract of any either Borrower is scheduled to expire prior to the Term Loan Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

Business Interruptions. Within five (5) years prior to the date hereof, none of the business, Property or operations of any Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision or agency thereof, directed against such Borrower. There are no pending or, to any Loan PartyBorrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting any Borrower. No labor contract of any Borrower is scheduled to expire prior to the Term Loan Maturity Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

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