Common use of Additional Defaults Clause in Contracts

Additional Defaults. Any provision or covenant of any Loan Document is breached in any material respect, or any warranty, representation, or statement made or furnished to Lender by any Credit Party (whenever created) in connection with the Loan, and the Loan Documents (including any warranty, representation, or statement in any Credit Party’s financial statements) or to induce Lender to make the Loan, is untrue or misleading in any material respect or an event of default under any other Loan Document occurs.

Appears in 3 contracts

Samples: Loan Agreement (Alico Inc), Loan Agreement (Atlantic Blue Group, Inc.), Loan Agreement (Alico Inc)

AutoNDA by SimpleDocs

Additional Defaults. Any provision or covenant of any Loan Document is breached in any material respectbreached, or any warranty, representation, or statement made or furnished to Lender by any Credit Party (whenever created) Borrowers in writing in connection with the Loan, Loans and the Loan Documents (including any warranty, representation, or statement in any Credit Party’s Borrowers’ financial statements) or to induce Lender to make the LoanLoans, is untrue or misleading in any material respect or an event of default under any other Loan Document occursrespect.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Pernix Therapeutics Holdings, Inc.), Loan Agreement (RTI Biologics, Inc.)

Additional Defaults. Any provision or covenant of any Loan Document is breached in any material respectmaterially breached, or any warranty, representation, or statement made or furnished to Lender by any Credit Party (whenever created) Obligors in writing in connection with the Loan, Loan and the Loan Documents (including any warranty, representation, or statement in any Credit PartyBorrower’s financial statements) or to induce Lender to make the Loan, is untrue or misleading in any material respect and such breach or an event of default under any other Loan Document occursfalsity is not cured within thirty (30) days after written notice thereof is given by Lender to Obligors.

Appears in 1 contract

Samples: Loan Agreement (Span America Medical Systems Inc)

Additional Defaults. Any provision or covenant of any Loan Document is breached in any material respectmaterially breached, or any warranty, representation, or statement made or furnished to Lender by any Credit Party (whenever created) Borrower in writing in connection with the Loan, Loan and the Loan Documents (including any warranty, representation, or statement in any Credit PartyBorrower’s financial statements) or to induce Lender to make the Loan, is untrue or misleading in any material respect and such breach or an event of default under any other Loan Document occursfalsity is not cured within thirty (30) days after written notice thereof is given by Lender to Borrower.

Appears in 1 contract

Samples: Loan Agreement (Span America Medical Systems Inc)

AutoNDA by SimpleDocs

Additional Defaults. Any provision or covenant of any Loan Document is breached in any material respect, or any warranty, representation, or statement made or furnished to Lender by any Credit Party (whenever created) in connection with the LoanLoans, and the Loan Documents (including any warranty, representation, or statement in any Credit Party’s financial statements) or to induce Lender to make the LoanLoans, is untrue or misleading in any material respect or an event of default under any other Loan Document occurs.

Appears in 1 contract

Samples: Loan Agreement (Atlantic Blue Group, Inc.)

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