Common use of Revocation Proceeding Clause in Contracts

Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which any Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any license issued to such Borrower or any Subsidiary; or

Appears in 1 contract

Sources: Loan Agreement (American Locker Group Inc)

Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which any Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any license issued to such Borrower or any SubsidiaryBorrower; or

Appears in 1 contract

Sources: Loan Agreement (Bollinger Industries Inc)

Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which any Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any license issued to such Borrower or any Subsidiary; or

Appears in 1 contract

Sources: Loan and Security Agreement (Unique Logistics International, Inc.)

Revocation Proceeding. Any regulatory officer in the State of Texas or in any other state in which any Borrower or any Subsidiary has a location brings an action or proceeding to revoke or otherwise attempts to revoke any material license issued to such Borrower or any SubsidiaryBorrower; or

Appears in 1 contract

Sources: Loan Agreement (Temtex Industries Inc)