FORFEITURE OF ANY PROPERTY OF ANY BORROWER, OR ANY BORROWER
ENGAGES OR PARTICIPATES IN ANY "CHECK KITING" ACTIVITY REGARDLESS OF WHETHER A
CRIMINAL INVESTIGATION HAS BEEN COMMENCED.
(I)
ALL OR ANY PART OF THE COLLATERAL OR THE
ASSETS OF ANY BORROWER OR ANY GUARANTOR ARE ATTACHED, SEIZED, SUBJECTED TO A
WRIT OR DISTRESS WARRANT, OR LEVIED UPON, OR COME WITHIN THE POSSESSION OR
CONTROL OF ANY RECEIVER, TRUSTEE, CUSTODIAN OR ASSIGNEE FOR THE BENEFIT OF
CREDITORS;
(J)
THE ENTRY OF A FINAL JUDGMENT AGAINST
ANY BORROWER FOR THE PAYMENT OF MONEY WHICH EXCEEDS FIFTY THOUSAND DOLLARS
($50,000.00), INDIVIDUALLY OR WHEN AGGREGATED WITH ALL OTHER JUDGMENTS AGAINST
BORROWERS, WHICH, WITHIN TEN (10) DAYS AFTER SUCH ENTRY, SHALL NOT HAVE BEEN
DISCHARGED OR EXECUTION THEREOF STAYED PENDING APPEAL OR SHALL NOT HAVE BEEN
DISCHARGED WITHIN FIVE (5) DAYS AFTER THE EXPIRATION OF ANY SUCH STAY;
(K)
ANY REPRESENTATION OR WARRANTY OF ANY
BORROWER IN ANY OF THE LOAN DOCUMENTS IS DISCOVERED TO BE UNTRUE IN ANY MATERIAL
RESPECT OR ANY STATEMENT, CERTIFICATE OR DATA FURNISHED BY ANY BORROWER PURSUANT
HERETO IS DISCOVERED TO BE UNTRUE IN ANY MATERIAL RESPECT AS OF THE DATE AS OF
WHICH THE FACTS THEREIN SET FORTH ARE STATED OR CERTIFIED;
(L)
ANY BORROWER VOLUNTARILY OR
INVOLUNTARILY DISSOLVES OR IS DISSOLVED, TERMINATES, OR IS TERMINATED OR ANY
GUARANTOR DIES;
(M)
ANY BORROWER IS ENJOINED, RESTRAINED, OR IN
ANY WAY PREVENTED BY THE ORDER OF ANY COURT OR ANY ADMINISTRATIVE OR REGULATORY
AGENCY, THE EFFECT OF WHICH ORDER RESTRICTS SUCH BORROWER FROM CONDUCTING ALL
ANY MATERIAL PART OF ITS BUSINESS;
(N)
A BREACH BY ANY BORROWER OCCURS UNDER ANY
MATERIAL AGREEMENT, DOCUMENT OR INSTRUMENT, WHETHER HERETOFORE, NOW OR HEREAFTER
EXISTING BETWEEN ANY BORROWER AND ANY OTHER PERSON;
(O)
AN EVENT OR CONDITION OCCURS OR FAILS TO
OCCUR WHICH HAS A MATERIAL ADVERSE EFFECT;
(P)
THE COLLATERAL OR THE PROSPECTS OF THE
PAYMENT OF THE BANK INDEBTEDNESS IS JEOPARDIZED OR IMPAIRED OR BANK OTHERWISE
DEEMS ITSELF INSECURE WITH RESPECT TO ANY BORROWER'S ABILITY TO PAY THE BANK
INDEBTEDNESS OR OTHERWISE PERFORM HEREUNDER;
(Q)
ANY MATERIAL UNINSURED DAMAGE TO, OR LOSS,
THEFT, OR DESTRUCTION OF, ANY OF THE COLLATERAL OCCURS;
(R)
ANY STRIKE, LOCKOUT, LABOR DISPUTE,
EMBARGO, CONDEMNATION, ACT OF GOD OR PUBLIC ENEMY, OR OTHER CASUALTY LOSS OCCURS
RESULTING IN THE CESSATION OR SUBSTANTIAL CURTAILMENT OF PRODUCTION OR OTHER
REVENUE PRODUCING ACTIVITIES AT ANY FACILITY OF ANY BORROWER FOR MORE THAN
THIRTY (30) CONSECUTIVE DAYS;
(S)
THE LOSS, SUSPENSION, REVOCATION OR FAILURE
TO RENEW ANY LICENSE OR PERMIT NOW HELD OR HEREAFTER ACQUIRED BY ANY BORROWER,
WHICH LOSS, SUSPENSION, REVOCATION OR FAILURE TO RENEW MIGHT HAVE A MATERIAL
ADVERSE EFFECT ON THE BUSINESS PROFITS, ASSETS OR FINANCIAL CONDITION OF SUCH
BORROWER;
(T)
ANY CHANGE IN THE OWNERSHIP OF ANY
BORROWER AS DESCRIBED ON SCHEDULE 6.3, ANY ISSUANCE OF EQUITY INTERESTS,
DEBENTURES, WARRANTS OR OTHER SECURITIES OF ANY BORROWER OR ANY PLEDGE OF THE
ANY EQUITY INTERESTS OF ANY BORROWER;
(U)
ANY PROJECTION DELIVERED TO BANK PURSUANT
HERETO INDICATES THAT