Common use of Criminal Proceedings Clause in Contracts

Criminal Proceedings. The institution in any court of a criminal proceeding against any Loan Party which would have a Material Adverse Effect, or the indictment of any Loan Party for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms; or

Appears in 4 contracts

Samples: Credit and Security Agreement (Singing Machine Co Inc), Credit and Security Agreement (LIVE VENTURES Inc), Credit and Security Agreement (Mendocino Brewing Co Inc)

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Criminal Proceedings. The institution in any court of a criminal proceeding against any Loan Party which would have a Material Adverse Effect, or the indictment of any Loan Party for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms; orwhich would have a Material Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Broadwind Energy, Inc.), Loan and Security Agreement (Broadwind Energy, Inc.)

Criminal Proceedings. The institution in any court of a criminal proceeding against any Loan Party which would have a Material Adverse EffectEffect on such Loan Party, or the indictment of any Loan Party, or any officer of a Loan Party for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms; orcrime.

Appears in 2 contracts

Samples: Loan and Security Agreement (S&W Seed Co), Loan and Security Agreement (S&W Seed Co)

Criminal Proceedings. The institution in any court of a criminal proceeding against any Loan Party which would have a Material Adverse EffectParty, or the indictment of any Loan Party Party, for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms; orcrime, in either case which could reasonably be expected to have a Material Adverse Effect on such Loan Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Manitex International, Inc.)

Criminal Proceedings. The institution in any court of a criminal proceeding against any Loan Party which would have a Material Adverse Effect, or the indictment of any Loan Party, or any officer of a Loan Party for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms; orwhich would, in each case, have a Material Adverse Effect on such Loan Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Katy Industries Inc)

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Criminal Proceedings. (a) The institution in any court of a criminal proceeding against any Loan Party which would have a Material Adverse Effect, (b) the indictment of any officer of a Loan Party, for any crime which would have a Material Adverse Effect or (c) the indictment of any Loan Party for any crime other than traffic and boating tickets and misdemeanors not punishable by jail terms; orcrime.

Appears in 1 contract

Samples: Security Agreement (Blue Dolphin Energy Co)

Criminal Proceedings. The institution in any court of a criminal proceeding against any Loan Party which would have a Material Adverse Effect, or the indictment of any Loan Party for any crime other than traffic and boating tickets and misdemeanors not punishable by jail termscrime; or Change of Control. A Change of Control shall occur; or

Appears in 1 contract

Samples: Credit and Security Agreement (Lime Energy Co.)

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