Common use of Loss of Licenses Clause in Contracts

Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company or any Significant Subsidiary, or the Company or any Significant Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company or any Significant Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise.

Appears in 3 contracts

Samples: Credit Agreement (Zenith National Insurance Corp), Credit Agreement (Zenith National Insurance Corp), Credit Agreement (Zenith National Insurance Corp)

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Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company any Borrower or any Significant Subsidiary, or the Company any Borrower or any Significant Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company any Borrower or any Significant Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise.; or

Appears in 2 contracts

Samples: Credit Agreement (Specialty Equipment Companies Inc), Credit Agreement (Specialty Equipment Companies Inc)

Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company or any Significant Subsidiary, or the Company or any Significant Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company or any Significant Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise, in each case which would be reasonably likely to have a Materially Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (HCR Manor Care Inc), Credit Agreement (HCR Manor Care Inc)

Loss of Licenses. Any Governmental Authority revokes shall revoke or fails fail to renew any material insurance license, permit or franchise of the Company or any Significant Subsidiary, or the Company or any Significant Subsidiary shall for any reason loses lose any material insurance license, permit or franchise, franchise or the Company or any Significant Subsidiary suffers shall suffer the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise., and any of such could result in a Materially Adverse Effect on the Company; or

Appears in 1 contract

Samples: New Bonds Agreement (Morrison Knudsen Corp)

Loss of Licenses. Any other Governmental Authority revokes shall revoke or fails fail to renew any material insurance license, permit or franchise of the Company or any Significant Subsidiary, of its Subsidiaries or the Company or any Significant Subsidiary of its Subsidiaries shall for any reason loses lose any material insurance license, permit or franchise, franchise or the Company or any Significant Subsidiary suffers of its Subsidiaries shall suffer the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise.; or

Appears in 1 contract

Samples: Credit Agreement (Ross Stores Inc)

Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company or any Significant Material Subsidiary, or the Company or any Significant Material Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company or any Significant Material Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise.franchise and any of the foregoing has or could reasonably be expected to have a Material Adverse Effect; or

Appears in 1 contract

Samples: Credit Agreement (Lone Star Technologies Inc)

Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company Borrower or any Significant Subsidiary, or the Company Borrower or any Significant Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company Borrower or any Significant Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise.; or

Appears in 1 contract

Samples: Credit Agreement (Teletech Holdings Inc)

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Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company or any Significant Subsidiary, or the Company or any Significant Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company or any Significant Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise., in each case which is reasonably expected to have a Material Adverse Effect; or

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc)

Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company or any Significant Subsidiary, or the Company or any Significant Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company or any Significant Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise.any

Appears in 1 contract

Samples: Credit Agreement (Specialty Equipment Companies Inc)

Loss of Licenses. Any Governmental Authority revokes or fails to renew any material insurance license, permit or franchise of the Company Borrower or any Significant Subsidiary, or the Company Borrower or any Significant Subsidiary for any reason loses any material insurance license, permit or franchise, or the Company Borrower or any Significant Subsidiary suffers the imposition of any restraining order, escrow, suspension or impound of funds in connection with any proceeding (judicial or administrative) with respect to any material insurance license, permit or franchise.

Appears in 1 contract

Samples: Assignment Agreement (Firstmerit Corp /Oh/)

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