Indictment. An Obligor or, if applicable, any of its Responsible Officers is criminally indicted or convicted for (i) a felony committed in the conduct of an Obligor’s business, or (ii) violating any state or federal law (including the Controlled Substances Act, Money Laundering Control Act of 1986 and Illegal Exportation of War Materials Act) that could lead to forfeiture of any material Property of any Obligor or any Collateral; or
Appears in 5 contracts
Sources: Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services Ltd.)
Indictment. An Obligor or, if applicable, any of its Responsible Officers is criminally indicted or convicted for either: (i) a felony committed in the conduct of an Obligor’s business, or (ii) violating any state or federal law (including the Controlled Substances Act, Money Laundering Control Act of 1986 and Illegal illegal Exportation of War Materials Act) that could results in, or would reasonably be expected to lead to to, forfeiture of any material Property portion of the Collateral or any other material Properties of any Obligor or any CollateralObligor; or
Appears in 2 contracts
Sources: Credit Agreement (BRC Inc.), Credit Agreement (BRC Inc.)
Indictment. An Obligor or, if applicable, any of its Responsible Officers is criminally indicted or convicted for either: (i) a felony committed in the conduct of an Obligor’s business, or (ii) violating any state or federal law (including the Controlled Substances Act, Money Laundering Control Act of 1986 and Illegal illegal Exportation of War Materials Act) that results in, or could reasonably be expected to lead to to, forfeiture of any material Property portion of the Collateral or any other material Properties of any Obligor or any CollateralObligor; or
Appears in 1 contract
Sources: Credit Agreement (BRC Inc.)