Common use of Criminal Proceedings Clause in Contracts

Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor, or the indictment of any Obligor for any crime.

Appears in 14 contracts

Samples: Loan and Security Agreement (Wells Gardner Electronics Corp), Loan and Security Agreement (Hartville Group Inc), Loan and Security Agreement (Amcon Distributing Co)

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Criminal Proceedings. The institution in any court of a criminal proceeding against any ObligorObligor or any other Subsidiary of Borrower, or the indictment of any Obligor or any other Subsidiary of Borrower for any crime.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cobra Electronics Corp), Loan and Security Agreement (Cobra Electronics Corp)

Criminal Proceedings. The institution in any court of a criminal proceeding (other than for a misdemeanor) against any ObligorCompany, or the indictment of any Obligor Company for any crime.

Appears in 2 contracts

Samples: Loan and Security Agreement (Oilgear Co), Foreign Accounts and Inventory Loan and Security Agreement (Oilgear Co)

Criminal Proceedings. The institution in any court of a criminal proceeding against any ObligorObligor alleging the commission of a felony, or the indictment of any Obligor for any crimefelony.

Appears in 1 contract

Samples: Loan and Security Agreement (Medical Technology Systems Inc /De/)

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Criminal Proceedings. The institution in any court of a criminal proceeding against any ObligorObligor for a felony, or the indictment of any Obligor for any felonious crime.

Appears in 1 contract

Samples: Loan and Security Agreement (Autocorp Equities Inc)

Criminal Proceedings. The institution in any court of a criminal proceeding against any ObligorObligor or Subsidiary, or the indictment of any Obligor or Subsidiary for any crime.

Appears in 1 contract

Samples: Loan and Security Agreement (Numatics Inc)

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