Common use of Adverse Change; Insecurity Clause in Contracts

Adverse Change; Insecurity. There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx xxxxx itself insecure.

Appears in 11 contracts

Samples: Revolving Credit Agreement (SRS Labs Inc), Term Loan Agreement (Outdoor Channel Holdings Inc), Revolving Credit Agreement (National Research Corp)

AutoNDA by SimpleDocs

Adverse Change; Insecurity. There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx fxxxx xxxxx itself insecure.

Appears in 5 contracts

Samples: Term Loan Agreement (Rochester Medical Corporation), Revolving Credit Agreement (Outdoor Channel Holdings Inc), Revolving Credit Note (Itex Corp)

Adverse Change; Insecurity. (i) There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx xxxxx itself insecure.

Appears in 2 contracts

Samples: Term Loan Agreement (Park City Group Inc), Revolving Credit Agreement (Bnccorp Inc)

Adverse Change; Insecurity. There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx xxxxx faith deems itself insecure.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Image Software Inc), Stand Alone Revolving Note (Arkona Inc)

Adverse Change; Insecurity. (i) There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantorguarantor, or in any collateral Collateral securing the Obligations; or (ii) the Bank in good xxxxx fxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sonic Foundry Inc)

Adverse Change; Insecurity. (I) There is a material adverse change in the business, properties, financial condition or affairs of the Borrower Borrower, any Guarantor or any GuarantorSubsidiary, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Revolving Credit Agreement (Team Financial Inc /Ks)

Adverse Change; Insecurity. (i) There is a material adverse change in the business, properties, financial condition or affairs of the any Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Loan and Security Agreement (Insurance Acquisition Corp.)

Adverse Change; Insecurity. There is Is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good fxxxx xxxxx xxxxx itself Itself insecure.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rochester Medical Corporation)

Adverse Change; Insecurity. There (i) there is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantorguarantor, or in any collateral securing the ObligationsObligations (a "Material Adverse Change"); or (ii) the Bank in good xxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Vaughn Communications Inc)

Adverse Change; Insecurity. (i) There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank Lender in good xxxxx fxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Credit Agreement (New Age Beverages Corp)

AutoNDA by SimpleDocs

Adverse Change; Insecurity. There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx fxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Revolving Credit Note (Park City Group Inc)

Adverse Change; Insecurity. There there is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx xxxxx faith deems itself insecure.

Appears in 1 contract

Samples: Term Loan Agreement (Oakridge Holdings Inc)

Adverse Change; Insecurity. (i) There is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank Lender in good xxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Loan and Security Agreement (Entrade Inc)

Adverse Change; Insecurity. (i) There is a material adverse change in the business, properties, financial condition or affairs of the Borrower Borrower, any Guarantor or any GuarantorSubsidiary, or in any collateral securing the Obligations; or (ii) the Bank in good xxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Term Loan Agreement (United Community Bancshares Inc)

Adverse Change; Insecurity. There there is a material adverse change in the business, properties, financial condition or affairs of the Borrower or any Guarantor, or in any collateral securing the Obligations; or (ii) the Bank in good faitx xxxxx xxxxx itself xxxelf insecure.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alterra Healthcare Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!