Common use of Criminal Act Clause in Contracts

Criminal Act. Any Loan Party or any officer of any Loan Party or Subsidiary thereof authorized to act on behalf of it and in such capacity is criminally indicted or convicted (a) under any Law constituting embezzlement, theft, fraud or intentional misconduct, the adverse effect to any Loan Party or Loan Parties in the aggregate is in excess of Ten Million and 00/100 Dollars ($10,000,000) or (b) under any Law, that may reasonably be expected to lead to a forfeiture of any property of such Loan Party having a fair market value in excess of Ten Million and 00/100 Dollars ($10,000,000).

Criminal Act. Any Loan Party or any officer of any Loan Party or Subsidiary thereof authorized to act on behalf of it and in such capacity is criminally indicted or convicted (a) under any Law constituting embezzlement, theft, fraud or intentional misconduct, the adverse effect to any Loan Party or Loan Parties in the aggregate is in excess of Ten Fifteen Million and 00/100 Dollars ($10,000,00015,000,000) or (b) under any Law, that may reasonably be expected to lead to a forfeiture of any property of such Loan Party having a fair market value in excess of Ten Fifteen Million and 00/100 Dollars ($10,000,00015,000,000).