Common use of INDICTMENT - FORFEITURE Clause in Contracts

INDICTMENT - FORFEITURE. The indictment of, or institution of any legal process or proceeding against, any Borrower, under any Applicable Law where the relief, penalties, or remedies sought or available include the forfeiture of more than $500,000 of property of any Borrower and/or the imposition of any stay or other order, the effect of which could be to restrain in any material way the conduct by any Borrower of its business in the ordinary course.

INDICTMENT - FORFEITURE. The indictment of, or institution of any legal process or proceeding against, any Borrower, under any Applicable Law where the relief, penalties, or remedies sought or available include the forfeiture of more than $500,000 of any property of any Borrower and/or aggregating for all Borrowers an amount in excess of $1,000,000.00,and/or the imposition of any stay or other order, the effect of which could be to restrain in any material way the conduct by any Borrower of its business in the ordinary coursewould have a Material Adverse Effect.

INDICTMENT - FORFEITURE. The indictment of, or institution of any legal process or proceeding against, Borrower or any Borrowerof its officers or directors, under any Applicable Law applicable law where the relief, penalties, or remedies sought or available are a felony or include the forfeiture of more than $500,000 150,000 of property of any Borrower and/or the imposition of any stay or other order, the effect of which could be to restrain in any material way the conduct by any Borrower of its business in the ordinary course.