Common use of State Action Clause in Contracts

State Action. If any proceeding is instituted or commenced by the State or country of incorporation of any Borrower, seeking a forfeiture of the Articles of Incorporation of a Borrower and any order entered in such proceeding shall fail to be vacated within thirty (30) days.

Appears in 3 contracts

Samples: Credit Agreement (Continental Waste Industries Inc), Credit Agreement (Stericycle Inc), Credit Agreement (Stericycle Inc)

AutoNDA by SimpleDocs

State Action. If any proceeding is instituted or commenced by the State or country of incorporation of any the Borrower, seeking a forfeiture of the Articles [Certificate] of Incorporation of a the Borrower and any order entered in such proceeding shall fail to be vacated within thirty (30) days.

Appears in 1 contract

Samples: Credit Agreement (Zebu)

AutoNDA by SimpleDocs

State Action. If any proceeding is instituted or commenced by the State or country of incorporation of any the Borrower, seeking a forfeiture of the Articles Certificate of Incorporation of a the Borrower and any order entered in such proceeding shall fail to be vacated within thirty (30) days.

Appears in 1 contract

Samples: Credit Agreement (Hub International LTD)

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