Common use of Adverse Change in Financial Condition Clause in Contracts

Adverse Change in Financial Condition. The reasonable determination in good faith by Lender that a change having a Material Adverse Effect has occurred in the financial condition of Borrowers from the conditions set forth in the most recent financial statement of Borrowers heretofore furnished to Lender or from the financial condition of Borrowers as heretofore most recently disclosed to Lender in any other manner.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (New Source Energy Partners L.P.)

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Adverse Change in Financial Condition. The reasonable determination in good faith by Lender that a change having a Material Adverse Effect has occurred in the financial condition of Borrowers Borrower from the conditions set forth in the most recent financial statement of Borrowers Borrower heretofore furnished to Lender or from the financial condition of Borrowers Borrower as heretofore most recently disclosed to Lender in any other manner.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mammoth Energy Partners LP), Loan and Security Agreement (Mammoth Energy Partners LP)

Adverse Change in Financial Condition. The reasonable determination in good faith by Lender Creditor that a material adverse change having a Material Adverse Effect has occurred in the financial condition of Borrowers Debtor from the conditions set forth in the most recent financial statement of Borrowers Debtor heretofore furnished to Lender Creditor or from the financial condition of Borrowers Debtor as heretofore most recently disclosed to Lender Creditor in any other manner.

Appears in 1 contract

Samples: Guaranty Agreement (Adera Mines LTD)

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Adverse Change in Financial Condition. The reasonable determination in good faith by Lender that a material adverse change having a Material Adverse Effect has occurred in the financial condition of Borrowers Borrower or other Obligor from the conditions set forth in the most recent financial statement of Borrowers Borrower or such Obligor heretofore furnished to Lender or from the financial condition of Borrowers Borrower or such Obligor as heretofore most recently disclosed to Lender in any other mannermanner unless Borrower set aside adequate reserves and deposit them with Lender within thirty (30) days from Lender’s determination and notice to Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Chicken Soup for the Soul Entertainment, Inc.)

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