Common use of Custody or Control of Property Clause in Contracts

Custody or Control of Property. Any court, government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Borrower and its Subsidiaries which, when taken together with all other Property of the Borrower and its Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such action occurs, constitutes a Substantial Portion.

Appears in 8 contracts

Samples: Credit Agreement (Blueknight Energy Partners, L.P.), Credit Agreement (FBL Financial Group Inc), Credit Agreement (Argonaut Group Inc)

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Custody or Control of Property. Any court, government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Borrower Company and its Subsidiaries which, when taken together with all other Property of the Borrower Company and its Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such action occurs, constitutes a Substantial Portion.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Johnson Outdoors Inc), Revolving Credit Agreement (Johnson Outdoors Inc)

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Custody or Control of Property. Any court, government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of, all or any portion of the Property of the Borrower and its Subsidiaries which, when taken together with all other Property of the Borrower and its Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such action occurs, constitutes a Substantial Portion.. SIDLEY XXXXXX XXXXX & XXXX LLP

Appears in 1 contract

Samples: Credit Agreement (Insurance Auto Auctions Inc /Ca)

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