Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which would have a Material Adverse Effect on such Obligor, or the indictment of any Obligor for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms.
Appears in 9 contracts
Samples: Loan and Security Agreement (Obsidian Enterprises Inc), Loan and Security Agreement (Perry-Judds Inc), Loan and Security Agreement (Perry-Judds Inc)
Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which would have a Material Adverse Effect on such Obligoror any Subsidiary, or the indictment of any Obligor or any Subsidiary for any crime crime, in each case other than traffic and boating tickets and misdemeanors not punishable by jail terms.
Appears in 1 contract
Samples: Loan and Security Agreement (Delphax Technologies Inc)
Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which that would have a Material Adverse Effect material adverse effect on such Obligor, or the indictment of any Obligor for any crime other than traffic and boating vehicle tickets and misdemeanors not punishable by jail terms.;
Appears in 1 contract
Criminal Proceedings. The institution in any court of a criminal proceeding against any Obligor which would have a Material Adverse Effect on such Obligor, or the indictment of any Obligor for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms.
Appears in 1 contract
Samples: Loan and Security Agreement (Aavid Thermal Technologies Inc)
