Common use of Additional Defaults Clause in Contracts

Additional Defaults. Any provision or covenant of any Loan Document is breached, or any warranty, representation, or statement made or furnished to Lender by Borrowers in writing in connection with the Loans and the Loan Documents (including any warranty, representation, or statement in Borrowers’ financial statements) or to induce Lender to make the Loans, is untrue or misleading in any material respect.

Appears in 3 contracts

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

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Additional Defaults. Any provision or covenant of any Loan Document is breachedbreached in any material respect, or any warranty, representation, or statement made or furnished to Lender by Borrowers in writing any Credit Party (whenever created) in connection with the Loans Loan, and the Loan Documents (including any warranty, representation, or statement in Borrowers’ any Credit Party’s financial statements) or to induce Lender to make the LoansLoan, is untrue or misleading in any material respectrespect 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)

Additional Defaults. Any provision or covenant of any Loan Document is materially breached, or any warranty, representation, or statement made or furnished to Lender by Borrowers Obligors in writing in connection with the Loans Loan and the Loan Documents (including any warranty, representation, or statement in Borrowers’ Borrower’s financial statements) or to induce Lender to make the LoansLoan, is untrue or misleading in any material respectrespect and such breach or falsity 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 materially breached, or any warranty, representation, or statement made or furnished to Lender by Borrowers Borrower in writing in connection with the Loans Loan and the Loan Documents (including any warranty, representation, or statement in Borrowers’ Borrower’s financial statements) or to induce Lender to make the LoansLoan, is untrue or misleading in any material respectrespect and such breach or falsity 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)

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

Appears in 1 contract

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

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