Common use of No Forfeiture Clause in Contracts

No Forfeiture. None of Borrower nor any of the Guarantors is engaged in or proposes to be engaged in any unlawful activity which is reasonably likely to result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or, to the best of Borrower's knowledge, threatened.

Appears in 4 contracts

Samples: Credit Agreement (Disc Graphics Inc /De/), Credit Agreement (Vicon Industries Inc /Ny/), Credit Agreement (Disc Graphics Inc /De/)

AutoNDA by SimpleDocs

No Forfeiture. None of Neither the Borrower nor any of the Guarantors is engaged in or proposes to be engaged in any unlawful activity which is reasonably likely to result in a Forfeiture Proceeding and no Forfeiture Proceeding against any of them is pending or, to the best of Borrower's knowledge, threatened.

Appears in 1 contract

Samples: Credit Agreement (Disc Graphics Inc /De/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.