Common use of Indictment Clause in Contracts

Indictment. The indictment of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of sixty (60) days or more; or

Appears in 3 contracts

Sources: Credit Agreement (Revolve Group, Inc.), Credit Agreement (Revolve Group, Inc.), Credit Agreement (Advance Holdings, LLC)

Indictment. The indictment of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of sixty (60) 90 days or more, unless the Administrative Agent, in its reasonable discretion, determines that the indictment is not material; or

Appears in 2 contracts

Sources: Credit Agreement (Foot Locker Inc), Credit Agreement (Foot Locker Inc)

Indictment. The indictment of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of sixty (60) days or more, unless either the Administrative Agent, in its reasonable discretion, determines that the indictment is not material; or

Appears in 2 contracts

Sources: Credit Agreement (Books a Million Inc), Credit Agreement (Books a Million Inc)

Indictment. The indictment of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of sixty (60) 90 days or more; or, unless either (i) the Administrative Agent, in its reasonable discretion, determines that the indictment is not material or (ii) such indictment relates to the Lead Borrower’s stock option practices.

Appears in 1 contract

Sources: Credit Agreement (Michaels Stores Inc)

Indictment. The indictment of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of sixty ninety (6090) days or more; or, unless either (i) the Administrative Agent, in its commercially reasonable discretion, determines that the indictment is not material or (ii) such indictment relates to the Lead Borrower’s stock option practices.

Appears in 1 contract

Sources: Credit Agreement (Michaels Stores Inc)

Indictment. The indictment of, or institution of any legal process or proceeding against, any Loan Party, under any Applicable applicable Law where the crime alleged would constitute for a felony under Applicable Law and such indictment remains unquashed or such legal process processproceeding remains undismissed for a period of sixty (60) 90 days or more, unless the Agent, in its discretion, determines that such indictment or legal process is not material; or

Appears in 1 contract

Sources: Credit Agreement (Foot Locker, Inc.)

Indictment. The indictment of, or institution of any legal process or proceeding against, any Loan Party, under any Applicable applicable Law where the crime alleged would constitute for a felony under Applicable Law and such indictment remains unquashed or such legal process proceeding remains undismissed for a period of sixty (60) 90 days or more, unless the Agent, in its discretion, determines that such indictment or legal process is not material; or

Appears in 1 contract

Sources: Credit Agreement (Foot Locker, Inc.)

Indictment. The indictment of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of sixty thirty (6030) days or more; or, unless the Agent, in its reasonable discretion, determines that the indictment is not material.

Appears in 1 contract

Sources: Credit Agreement (CMI Acquisition, LLC)

Indictment. The indictment of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of sixty ninety (6090) days or more; or, unless either (i) the Administrative Agent, in its reasonable discretion, determines that the indictment is not material or (ii) such indictment relates to the Lead Borrower’s stock option practices.

Appears in 1 contract

Sources: Credit Agreement (Michaels Stores Inc)