Common use of Criminal Charges Clause in Contracts

Criminal Charges. Any Borrower (or any officer or director of any Borrower) shall become the subject of a criminal indictment or investigation in respect of or pertaining to, the operation or conduct of a Borrower's business, its reporting of any financial data, its application for, or receipt of, any credit, its "laundering" of any funds or its non-payment (or underpayment) of any taxes or any other Charges, or shall admit its guilt or complicity in respect of any of the foregoing, or shall pay any fine or suffer any penalty in respect thereof (including as part of any plea bargain or arrangement).

Criminal Charges. Any Borrower (Loan Party or any director or officer or director of any Borrowera Loan Party (which is an entity, and not an individual) shall become the subject of a criminal indictment or investigation in respect of or pertaining to, the operation or conduct of a Borrower's its business, its reporting of any financial data, its application for, for or receipt of, of any credit, its "“laundering" ” of any funds or its non-payment (or underpayment) of any taxes or any other Charges, or shall admit its its, his or her guilt or complicity in respect of any of the foregoing, or shall pay any fine or suffer any penalty in respect thereof (including as part of any plea bargain or similar arrangement). 12.

Criminal Charges. Any Borrower (Loan Party or any Shareholder, director or officer or director of any Borrowera Loan Party (which is an entity, and not an individual) shall become the subject of a criminal indictment or investigation in respect of or pertaining to, the operation or conduct of a Borrower's its business, its reporting of any financial data, its application for, for or receipt of, of any credit, its "“laundering" ” of any funds or its non-payment (or underpayment) of any taxes or any other Charges, or shall admit its its, his or her guilt or complicity in respect of any of the foregoing, or shall pay any fine or suffer any penalty in respect thereof (including as part of any plea bargain or similar arrangement).