Common use of Material Contract Clause in Contracts

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such Obligor, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 or more.

Appears in 2 contracts

Sources: Loan and Security Agreement (Olympic Steel Inc), Loan and Security Agreement (Olympic Steel Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such Obligor, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 500,000 or more, all of which as of the Closing Date are listed on Schedule 1.3.

Appears in 2 contracts

Sources: Credit Agreement (Covenant Transportation Group Inc), Credit Agreement (Covenant Transportation Group Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law Law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or to any Debt in an aggregate amount of $1,000,000 150,000 or more. Modification: shall have the meaning ascribed thereto in Section 13.1.1.

Appears in 2 contracts

Sources: Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 or more.or

Appears in 2 contracts

Sources: Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Orion Energy Systems, Inc.)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such Obligor, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 10,000,000 or more, all of which as of the Closing Date are listed on Schedule 1.3.

Appears in 2 contracts

Sources: Loan and Security Agreement (Boise Cascade Holdings, L.L.C.), Loan and Security Agreement (Boise Cascade Holdings, L.L.C.)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or to Debt in an aggregate amount of $1,000,000 250,000 or more.

Appears in 1 contract

Sources: Loan and Security Agreement (Radiant Logistics, Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such Obligor, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 10,000,000 or more, all of which as of the Eighteenth Amendment Date are listed on Schedule 1.3.

Appears in 1 contract

Sources: Credit Agreement (Covenant Logistics Group, Inc.)

Material Contract. any agreement or arrangement to which a the Borrower or Restricted Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Material Debt, or Debt in an aggregate amount of $1,000,000 or more.

Appears in 1 contract

Sources: Term Loan and Security Agreement (Key Energy Services Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or to Debt in an aggregate amount of $1,000,000 5,000,000 or more. Maximum FX MTM Position: as defined in Section 15.3.

Appears in 1 contract

Sources: Loan and Security Agreement (Arctic Cat Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Senior Debt, or to Debt in an aggregate amount of $1,000,000 1,250,000 or more. Maturity Date: January 6, 2021.

Appears in 1 contract

Sources: Loan and Security Agreement (LIVE VENTURES Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or to Debt in an aggregate amount of $1,000,000 or more. Mezzanine Debt: shall have the meaning ascribed to it in the recitals hereto.

Appears in 1 contract

Sources: Loan and Security Agreement (LIVE VENTURES Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any federal securities law applicable to such ObligorPerson, including Regulation S-K under the Securities Exchange Act of 19331934; or (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 or more.

Appears in 1 contract

Sources: First Amendment Agreement (United Natural Foods Inc)

Material Contract. any agreement or arrangement to which a Borrower Loan Party or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or to Debt in an aggregate amount of $1,000,000 or more. Middletown: as defined in the preamble hereto.

Appears in 1 contract

Sources: Credit Agreement (Wausau Paper Corp.)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such Obligor, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 100,000 or more.

Appears in 1 contract

Sources: Loan and Security Agreement (P&f Industries Inc)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or to any Debt in an aggregate amount of $1,000,000 250,000 or more. Material License: as defined in Section 10.1.8.

Appears in 1 contract

Sources: Loan and Security Agreement (Orion Energy Systems, Inc.)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such Obligor, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to would have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt Indebtedness in an aggregate amount of $1,000,000 20,000,000 or more. Moody's: ▇▇▇▇▇'▇ Investors Service, Inc., and its successors.

Appears in 1 contract

Sources: Loan and Security Agreement (Seneca Foods Corp)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law Law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or to any Debt in an aggregate amount of $1,000,000 150,000 or more.

Appears in 1 contract

Sources: Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; and (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Subordinated Debt, or Debt in an aggregate amount of $1,000,000 or more.

Appears in 1 contract

Sources: Loan and Security Agreement (Mynd.ai, Inc.)

Material Contract. any agreement or arrangement to which a Borrower or Subsidiary is party (other than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such ObligorPerson, including the Securities Act of 1933; (b) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect; or (c) that relates to Senior Obligations, Subordinated Debt, or to Debt in an aggregate amount of $1,000,000 275,000 or more. Maturity Date: means April 2, 2021.

Appears in 1 contract

Sources: Subordination Agreement (Radiant Logistics, Inc)