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.
Appears in 2 contracts
Sources: Loan and Security Agreement (Hansen Medical Inc), Loan and Security Agreement (Hansen Medical Inc)