{"component": "clause", "props": {"groups": [{"samples": [{"hash": "j2xpMO9ChuL", "uri": "/contracts/j2xpMO9ChuL#indictment", "label": "Term Loan Credit and Security Agreement (Quantum Corp /De/)", "score": 36.7262153625, "published": true}, {"hash": "4gLFBBZOmsR", "uri": "/contracts/4gLFBBZOmsR#indictment", "label": "Revolving Credit and Security Agreement (Quantum Corp /De/)", "score": 36.0718688965, "published": true}, {"hash": "3HpdTvsWguF", "uri": "/contracts/3HpdTvsWguF#indictment", "label": "Revolving Credit and Security Agreement (Quantum Corp /De/)", "score": 36.0718688965, "published": true}], "snippet": "There is any actual indictment of any Loan Party or any Loan Party\u2019s current officers (relating to such current officer\u2019s actions in conducting the applicable Loan Party\u2019s business affairs) under any criminal statute.", "snippet_links": [{"key": "any-loan", "type": "clause", "offset": [34, 42]}, {"key": "current-officers", "type": "clause", "offset": [69, 85]}, {"key": "relating-to", "type": "definition", "offset": [87, 98]}, {"key": "applicable-loan-party", "type": "definition", "offset": [148, 169]}, {"key": "business-affairs", "type": "clause", "offset": [172, 188]}], "size": 12, "hash": "bc1394deec36e60539a4f1e410cdf1cd", "id": 7}, {"samples": [{"hash": "bflTbINn3ln", "uri": "/contracts/bflTbINn3ln#indictment", "label": "Abl Term Loan Credit Agreement (Sportsman's Warehouse Holdings, Inc.)", "score": 35.5817947388, "published": true}, {"hash": "aD8YrNQjU6R", "uri": "/contracts/aD8YrNQjU6R#indictment", "label": "Credit Agreement (Sportsman's Warehouse Holdings, Inc.)", "score": 35.5817947388, "published": true}, {"hash": "cCM1GJdXiM2", "uri": "/contracts/cCM1GJdXiM2#indictment", "label": "Credit Agreement (Five Below, Inc)", "score": 33.706363678, "published": true}], "snippet": "The indictment or institution of any legal process or proceeding against, any Loan Party or any Subsidiary thereof, under any federal, state, municipal, and other criminal statute, rule, regulation, order, or other requirement having the force of law for a felony; 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or", "snippet_links": [{"key": "an-obligor", "type": "clause", "offset": [0, 10]}, {"key": "if-applicable", "type": "definition", "offset": [15, 28]}, {"key": "responsible-officers", "type": "definition", "offset": [41, 61]}, {"key": "conduct-of", "type": "clause", "offset": [132, 142]}, {"key": "state-or-federal-law", "type": "definition", "offset": [188, 208]}, {"key": "controlled-substances-act", "type": "definition", "offset": [224, 249]}, {"key": "act-of-1986", "type": "clause", "offset": [276, 287]}, {"key": "material-property", "type": "definition", "offset": [371, 388]}], "size": 8, "hash": "e98d09a85e37a790380bd446ef8c6866", "id": 10}, {"samples": [{"hash": "hFzF2qObEwj", "uri": "/contracts/hFzF2qObEwj#indictment", "label": "Senior Secured Debtor in Possession Credit Agreement (Quiksilver Inc)", "score": 26.691991806, "published": true}, {"hash": "iygEabMLecJ", "uri": "/contracts/iygEabMLecJ#indictment", "label": "Senior Secured Super Priority Debtor in Possession Credit Agreement (Quiksilver Inc)", "score": 24.691991806, "published": true}, {"hash": "3KgRHR6iKne", "uri": "/contracts/3KgRHR6iKne#indictment", "label": "Credit Agreement (Quiksilver Inc)", "score": 24.4058856964, "published": true}], "snippet": "The indictment against any Loan Party or any Subsidiary thereof, under any federal, state, provincial, territorial, municipal, foreign or other criminal statute, rule, regulation, order, or other requirement having the force of law for a felony and such indictment remains unquashed or undismissed for a period of ninety (90) days or more, unless the Administrative Agent, in its reasonable discretion, determines that the indictment is not material; or", "snippet_links": [{"key": "loan-party", "type": "clause", "offset": [27, 37]}, {"key": "other-requirement", "type": "definition", "offset": [190, 207]}, {"key": "force-of-law", "type": "clause", "offset": [219, 231]}, {"key": "period-of", "type": "clause", "offset": [304, 313]}, {"key": "days-or-more", "type": "clause", "offset": [326, 338]}, {"key": "the-administrative-agent", "type": "definition", "offset": [347, 371]}, {"key": "reasonable-discretion", "type": "definition", "offset": [380, 401]}, {"key": "not-material", "type": "clause", "offset": [437, 449]}], "size": 22, "hash": "a8caf0a40b12b31912bc65da6765b7f5", "id": 4}, {"samples": [{"hash": "ibGp0Zdw9dK", "uri": "/contracts/ibGp0Zdw9dK#indictment", "label": "Credit Agreement (Revolve Group, Inc.)", "score": 37.0930862427, "published": true}, {"hash": "eUggs5RF1Yi", "uri": "/contracts/eUggs5RF1Yi#indictment", "label": "Credit Agreement (Revolve Group, Inc.)", "score": 32.2306632996, "published": true}, {"hash": "jFTn26xLDhy", "uri": "/contracts/jFTn26xLDhy#indictment", "label": "Credit Agreement (Advance Holdings, LLC)", "score": 29.7693367004, "published": true}], "snippet": "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", "snippet_links": [{"key": "loan-party", "type": "clause", "offset": [22, 32]}, {"key": "applicable-law", "type": "definition", "offset": [44, 58]}, {"key": "legal-process", "type": "clause", "offset": [176, 189]}, {"key": "period-of", "type": "clause", "offset": [216, 225]}, {"key": "days-or-more", "type": "clause", "offset": [237, 249]}], "size": 13, "hash": "965ab482abf8415ddc85bca7ce1d9628", "id": 6}, {"samples": [{"hash": "2ndIu8nxjA7", "uri": "/contracts/2ndIu8nxjA7#indictment", "label": "Security Agreement (Bitzio, Inc.)", "score": 23.5995883942, "published": true}, {"hash": "gZOV5QuQMgq", "uri": "/contracts/gZOV5QuQMgq#indictment", "label": "Security Agreement (Premier Beverage Group Corp)", "score": 23.3641338348, "published": true}, {"hash": "a8urS3eFeys", "uri": "/contracts/a8urS3eFeys#indictment", "label": "Security Agreement (Us Fuel Corp)", "score": 23.3285427094, "published": true}], "snippet": "The indictment of a Grantor by any Governmental Authority the effect of which could be to restrain in any material way the conduct by a Grantor of its business in the ordinary course; or", "snippet_links": [{"key": "governmental-authority", "type": "definition", "offset": [35, 57]}, {"key": "effect-of", "type": "definition", "offset": [62, 71]}, {"key": "business-in-the-ordinary-course", "type": "definition", "offset": [151, 182]}], "size": 10, "hash": "c3fc60fc6462b64d46324a43c511d5be", "id": 8}, {"samples": [{"hash": "j371SIpHslu", "uri": "/contracts/j371SIpHslu#indictment", "label": "Adult Education Teacher Contract", "score": 35.8737754822, "published": true}, {"hash": "dh7J2DmQTkF", "uri": "/contracts/dh7J2DmQTkF#indictment", "label": "Teacher Contract", "score": 32.7405700684, "published": true}, {"hash": "bxj0qmrkk1g", "uri": "/contracts/bxj0qmrkk1g#indictment", "label": "Adult Education Teacher Contract", "score": 30.2326107025, "published": true}], "snippet": "Any employee of the District who is indicted shall be automatically suspended from service from the date of indictment. In case of acquittal, the employee shall be paid in full for the time lost by reason of such suspension.", "snippet_links": [{"key": "any-employee", "type": "clause", "offset": [0, 12]}, {"key": "of-the-district", "type": "clause", "offset": [13, 28]}, {"key": "date-of", "type": "clause", "offset": [100, 107]}, {"key": "in-case-of", "type": "clause", "offset": [120, 130]}, {"key": "the-employee-shall", "type": "clause", "offset": [142, 160]}, {"key": "paid-in-full", "type": "definition", "offset": [164, 176]}, {"key": "time-lost", "type": "clause", "offset": [185, 194]}], "size": 10, "hash": "18d2d40e09a4b749701805dec3442044", "id": 9}, {"samples": [{"hash": "bxTdEnJrSYw", "uri": "/contracts/bxTdEnJrSYw#indictment", "label": "Credit Agreement (Intrepid Potash, Inc.)", "score": 37.2491455078, "published": true}, {"hash": "eDcyg4SgsOY", "uri": "/contracts/eDcyg4SgsOY#indictment", "label": "Credit Agreement (Duluth Holdings Inc.)", "score": 36.7535934448, "published": true}, {"hash": "96FPpuEnw2r", "uri": "/contracts/96FPpuEnw2r#indictment", "label": "Credit Agreement (Jakks Pacific Inc)", "score": 36.4798088074, "published": true}], "snippet": "(i) Any Loan Party is (A) criminally indicted or convicted of a felony for fraud or dishonesty in connection with the Loan Parties\u2019 business or (B) charged by a Governmental Authority under any law that would reasonably be expected to lead to forfeiture of any material portion of Collateral, or (ii) any director or senior officer of any Loan Party is (A) criminally indicted or convicted of a felony for fraud or dishonesty in connection with the Loan Parties\u2019 business, unless such director or senior officer promptly resigns or is removed or replaced or (B) charged by a Governmental Authority under any law that would reasonably be expected to lead to forfeiture of any material portion of Collateral; or", "snippet_links": [{"key": "loan-party", "type": "clause", "offset": [8, 18]}, {"key": "convicted-of-a-felony", "type": "definition", "offset": [49, 70]}, {"key": "fraud-or-dishonesty", "type": "definition", "offset": [75, 94]}, {"key": "in-connection-with", "type": "clause", "offset": [95, 113]}, {"key": "the-loan-parties", "type": "clause", "offset": [114, 130]}, {"key": "governmental-authority", "type": "definition", "offset": [161, 183]}, {"key": "to-lead", "type": "definition", "offset": [232, 239]}, {"key": "material-portion", "type": "definition", "offset": [261, 277]}, {"key": "senior-officer", "type": "definition", "offset": [317, 331]}], "size": 48, "hash": "c2b955b263d155b54e3e3ef05efc45c4", "id": 2}, {"samples": [{"hash": "9zSIcHrd9ZK", "uri": "/contracts/9zSIcHrd9ZK#indictment", "label": "Loan and Security Agreement (1847 Holdings LLC)", "score": 34.1170425415, "published": true}, {"hash": "1F1JkEskIFN", "uri": "/contracts/1F1JkEskIFN#indictment", "label": "Loan and Security Agreement (Youngevity International, Inc.)", "score": 33.5229301453, "published": true}, {"hash": "2seEgxlFyTU", "uri": "/contracts/2seEgxlFyTU#indictment", "label": "Loan and Security Agreement", "score": 31.3408622742, "published": true}], "snippet": "The indictment of Borrower or any director or Responsible Officer of Borrower under any criminal statute, or commencement of criminal or civil proceedings against Borrower, pursuant to which statute or proceedings the penalties or remedies sought or available include forfeiture of any portion of the property of Borrower.", "snippet_links": [{"key": "responsible-officer-of-borrower", "type": "definition", "offset": [46, 77]}, {"key": "commencement-of", "type": "clause", "offset": [109, 124]}, {"key": "proceedings-against-borrower", "type": "clause", "offset": [143, 171]}, {"key": "pursuant-to", "type": "clause", "offset": [173, 184]}, {"key": "the-penalties", "type": "clause", "offset": [214, 227]}, {"key": "the-property", "type": "clause", "offset": [297, 309]}], "size": 22, "hash": "0811786f454af7280eb1b0acf34262bb", "id": 3}, {"samples": [{"hash": "d36evgjyS5p", "uri": "/contracts/d36evgjyS5p#indictment", "label": "Credit Agreement (Sequential Brands Group, Inc.)", "score": 29.5995883942, "published": true}, {"hash": "5c332CqPNxA", "uri": "/contracts/5c332CqPNxA#indictment", "label": "First Lien Credit Agreement (Sequential Brands Group, Inc.)", "score": 29.5995883942, "published": true}, {"hash": "qWPbcujrqy", "uri": "/contracts/qWPbcujrqy#indictment", "label": "First Lien Credit Agreement (Sequential Brands Group, Inc.)", "score": 27.5133476257, "published": true}], "snippet": "Any director or senior officer of any Loan Party is (i) criminally indicted or convicted of a felony for fraud or dishonesty in connection with the Loan Parties\u2019 business, unless such director or senior officer promptly resigns or is removed or replaced or (ii) charged by a Governmental Authority under any Law that would reasonably be expected to lead to forfeiture of any material portion of Collateral; or", "snippet_links": [{"key": "senior-officer", "type": "definition", "offset": [16, 30]}, {"key": "loan-party", "type": "clause", "offset": [38, 48]}, {"key": "convicted-of-a-felony", "type": "definition", "offset": [79, 100]}, {"key": "fraud-or-dishonesty", "type": "definition", "offset": [105, 124]}, {"key": "in-connection-with", "type": "clause", "offset": [125, 143]}, {"key": "the-loan-parties", "type": "clause", "offset": [144, 160]}, {"key": "governmental-authority", "type": "definition", "offset": [275, 297]}, {"key": "to-lead", "type": "definition", "offset": [346, 353]}, {"key": "material-portion", "type": "definition", "offset": [375, 391]}], "size": 13, "hash": "523f0b2263081c74ee6c8b3b8ebeb6d4", "id": 5}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNpbmRpY3RtZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["governing-law", "GOVERNING LAW"], ["survival", "Survival"], ["setoff", "Setoff"], ["", ""], ["severability", "Severability"]], "parents": [["events-of-default", "Events of Default"], ["events-of-default-and-remedies", "Events of Default and Remedies"], ["material-contracts", "Material Contracts"], ["miscellaneous", "Miscellaneous"], ["casualty", "Casualty"]], "title": "Indictment", "size": 364, "id": "indictment", "related": [["criminal-convictions", "Criminal Convictions", "Criminal Convictions"], ["no-felony-criminal-convictions", "No Felony Criminal Convictions", "No Felony Criminal Convictions"], ["complaint", "Complaint", "Complaint"], ["citation", "Citation", "Citation"], ["dishonesty", "Dishonesty", "Dishonesty"]], "related_snippets": [], "updated": "2026-05-17T04:23:05+00:00", "also_ask": ["What are the essential elements that must be included in an indictment to ensure validity?", "How can the indictment clause be strategically challenged or defended in court?", "What are the most common drafting errors that render indictments vulnerable to dismissal?", "How do indictment requirements differ across key jurisdictions?", "What legal standards do courts apply to test the sufficiency and enforceability of an indictment?"], "drafting_tip": "Specify the required elements of an indictment to ensure legal sufficiency; define procedural steps for amendment to allow correction of errors; clarify time limits to prevent undue delay.", "explanation": "The Indictment clause defines the formal process by which a person is officially charged with a criminal offense. It typically outlines the requirement for a grand jury to issue an indictment before a defendant can be brought to trial for serious crimes, ensuring that there is sufficient evidence to proceed. This clause serves to protect individuals from unfounded or arbitrary criminal prosecution by mandating judicial oversight before formal charges are pursued."}, "json": true, "cursor": ""}}