Crimes Clause Samples
The "Crimes" clause defines the consequences and procedures that apply if a party to the agreement is found to have committed a criminal act. Typically, this clause outlines what constitutes a relevant crime, such as fraud, embezzlement, or other offenses that could impact the contractual relationship, and may specify actions like immediate termination of the contract or the right to seek damages. Its core function is to protect parties from being bound to individuals or entities engaged in illegal activities, thereby allocating risk and maintaining the integrity of the contractual arrangement.
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Crimes. The Charter School shall immediately notify the School Board or its designee of any members of the Charter School’s employees, management committee members, or the officers or directors of the MIDDLEBURG COMMUNITY CHART SCHOOL corporation who have been charged, arrested or convicted for a crime punishable as a felony, any crime related to the misappropriation of funds or theft and any crimes identified in Sections 22.1- 296.1, 22.1-296.3 and 22.1-315 of the Code of Virginia.
Crimes. The Charter School shall promptly notify the School Board or its designee if it learns that LCPS’ Department of Safety and Security of any of the Charter School’s employees, Management Committee members, officers, or directors of the Hillsboro Charter Academy corporation who have been charged, arrested or convicted for a crime punishable as a felony, any crime related to the misappropriation of funds or theft, or any crime identified in Sections 22.1-296.1, 22.1-296.3 and 22.1-315 of the Code of Virginia.
Crimes. A Loan Party or any of its senior officers is criminally indicted or convicted for (i) a felony committed in the conduct of the Loan Party’s business, or (ii) violating any state or federal law (including the Controlled Substances Act, Money Laundering Control Act of 1986 and Illegal Exportation of War Materials Act) that would reasonably be expected to lead to forfeiture of any material property or any collateral upon which such Loan Party has granted a Lien to Agent or the right to conduct a material part of its business.
Crimes. Any felonies or crimes of the Servicer, either Guarantor, Borrowers or any Affiliates of the Borrowers or any of their principals and/or equity owners thereof, or any willful violation of any laws or legal requirements by any of the foregoing relating to the business, property or assets of the Servicer, either Guarantor, the Borrowers or any Affiliates of a Borrower;
Crimes. Any Credit Party or Senior Officer thereof is criminally indicted or convicted for (i) a felony committed in the conduct of such Credit Party’s business, or (ii) a violation of any state or federal law (including the Controlled Substances Act, the Money Laundering Control Act of 1986 or the Illegal Exportation of War Materials Act) that could lead to the forfeiture of any Collateral; or
Crimes. Designer certifies that neither it, nor any of it employees, workers or consultants, have been convicted of: (i) a felony or any offense involving the sexual molestation or physical or sexual abuse or rape of a child; or (ii) a crime of moral turpitude.
Crimes. Conviction (whether by verdict, pleading or similar final resolution) of any felonies or crimes by the Guarantor or any Related Person or any willful violation of any laws or legal requirements by the Guarantor or any Related Person;
Crimes. If Company, one of its officers or managers, or a business controlled by Company is found guilty of any criminal law relating to Franchise Services or is found liable for violation of a law relating to antitrust, unfair trade practices, or intentional dumping of Hazardous Waste.
Crimes. Any Borrower, any Subsidiary, any Credit Party or any Senior Officer of any thereof is criminally indicted or convicted for (i) a felony committed in the conduct of such Person’s business, or (ii) a violation of any state or federal law (including the Controlled Substances Act, the Money Laundering Control Act of 1986 or the Illegal Exportation of War Materials Act); or
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