Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower involving fraud, moral turpitude, or a felony or other criminal proceeding that could reasonably be expected to result in a Material Adverse Change;
Appears in 2 contracts
Sources: Loan and Security Agreement (Regado Biosciences Inc), Loan and Security Agreement (Regado Biosciences Inc)
Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower either (a) involving fraud, moral turpitude, or a felony felony, or other criminal proceeding (b) that could reasonably be expected to result in a Material Adverse Change;
Appears in 2 contracts
Sources: Loan and Security Agreement (Furiex Pharmaceuticals, Inc.), Loan and Security Agreement (Furiex Pharmaceuticals, Inc.)
Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower involving fraud, moral turpitude, or a felony or other criminal proceeding that could which are reasonably be expected likely to result in a Material Adverse Change;.
Appears in 2 contracts
Sources: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.), Loan and Security Agreement (Inspire Pharmaceuticals Inc)
Criminal Proceeding. The institution by any Governmental Authority of criminal proceedings against Borrower involving fraud, moral turpitude, or a felony or other criminal proceeding that could any Guarantor which are reasonably be expected likely to result in a Material Adverse Change;.
Appears in 1 contract
Sources: Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)