Criminal Indictment or Criminal Investigation Sample Clauses


Criminal Indictment or Criminal Investigation. In the event that the Borrower is subject to a criminal indictment or any criminal investigation, (i) the Administrative Agent and the Issuing Bank shall have the right to declare the occurrence of a Default if such indictment or investigation would reasonably be expected to have a Material Adverse Effect on the general affairs, management, financial position, stockholders’ equity or results of operations of the Borrower and its Subsidiaries, and (ii) that results in a conviction or other criminal outcome adverse to the Borrower, the Administrative Agent and the Issuing Bank shall have the right to declare an immediate Event of Default; or