Common use of Adverse Change Clause in Contracts

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired.

Appears in 23 contracts

Sources: Business Loan Agreement (Central RoRo, LLC), Business Loan Agreement (Intelligent Protection Management Corp.), Business Loan Agreement (Heritage Global Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired.

Appears in 17 contracts

Sources: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (LFTD Partners Inc.), Business Loan Agreement (Elevate.Money REIT I, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired.

Appears in 7 contracts

Sources: Business Loan Agreement (Elevate.Money REIT I, Inc.), Business Loan Agreement (Wilhelmina International, Inc.), Business Loan Agreement (IMH Financial Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired.

Appears in 6 contracts

Sources: Promissory Note (Healthtech Solutions, Inc./Ut), Business Loan Agreement (TX Holdings, Inc.), Business Loan Agreement (Loyalty Alliance Enterprise Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 4 contracts

Sources: Change in Terms Agreement (Boomerang Systems, Inc.), Business Loan Agreement (Analytical Surveys Inc), Change in Terms Agreement (Siena Technologies, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired.

Appears in 4 contracts

Sources: Business Loan Agreement (BioLife4D Corp), Business Loan Agreement (Eaco Corp), Business Loan Agreement (Where Food Comes From, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 3 contracts

Sources: Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's or Grantor's financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 3 contracts

Sources: Trustee Aircraft Security Agreement (Air T Inc), Commercial Pledge Agreement (LSB Industries Inc), Commercial Pledge Agreement (LSB Industries Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes condition which leads Lender to reasonably believe that the prospect of a Borrower’s payment or performance of the Loan is impaired.

Appears in 3 contracts

Sources: Business Loan Agreement (Hall of Fame Resort & Entertainment Co), Business Loan Agreement (GPAQ Acquisition Holdings, Inc.), Loan Agreement (GPAQ Acquisition Holdings, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 3 contracts

Sources: Change in Terms Agreement (Foundation Healthcare, Inc.), Change in Terms Agreement (Foundation Healthcare, Inc.), Business Loan Agreement (AeroVironment Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired.

Appears in 2 contracts

Sources: Business Loan Agreement (Where Food Comes From, Inc.), Promissory Note (Community Bancorp Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ Lender believes the prospect of payment or performance of the Loan Obligations is materially impaired.

Appears in 2 contracts

Sources: Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 2 contracts

Sources: Business Loan Agreement (AeroVironment Inc), Business Loan Agreement (Arts Way Manufacturing Co Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ and Lender believes in good faith that the prospect of payment or performance of the Loan is impaired.

Appears in 2 contracts

Sources: Business Loan Agreement (Dougherty's Pharmacy, Inc.), Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or condition which leads ▇▇▇▇▇▇ believes to reasonably believe that the prospect of a Borrower’s payment or performance of the Loan is impaired.

Appears in 2 contracts

Sources: Promissory Note (Hall of Fame Resort & Entertainment Co), Business Loan Agreement (Hall of Fame Resort & Entertainment Co)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 2 contracts

Sources: Commercial Security Agreement (Arts Way Manufacturing Co Inc), Commercial Pledge Agreement (BJs RESTAURANTS INC)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes which causes Lender to believe the prospect of payment or performance of the Loan is impaired.

Appears in 2 contracts

Sources: Business Loan Agreement (Asset Based) (Willdan Group, Inc.), Business Loan Agreement (Willdan Group, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ Lender reasonably believes the prospect of payment or performance of the Loan is materially impaired.

Appears in 2 contracts

Sources: Business Loan Agreement (LiveOne, Inc.), Business Loan Agreement (LiveXLive Media, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, condition or ▇▇▇▇▇▇ Lender reasonably believes the prospect of payment or performance of the Loan is impairedimpaired or an adverse change occurs in TridentHE.

Appears in 1 contract

Sources: Loan Agreement (Aegis Identity Software, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial conditioncondition or the condition of the Collateral, or ▇▇▇▇▇▇ Lender believes the prospect of payment or for performance of the Loan is materially impaired.

Appears in 1 contract

Sources: Business Loan Agreement (NV5 Holdings, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ Lender believes the prospect of payment or performance of the Loan is materially impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Amtd Idea Group)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ Lender reasonably and in good faith believes that the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Sources: Loan Agreement (Phillips R H Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ Lender reasonably believes the prospect of payment or performance of the Loan is materially impaired; or a material adverse change occurs in J▇▇▇▇'s financial condition, or Lender reasonably believes the prospect of payment or performance of the J▇▇▇▇'s Guaranty is materially impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Janel Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ and Lender believes in good faith that the prospect of payment or performance of the Loan loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or of performance of the Loan this Note is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Westmoreland Coal Co)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired...

Appears in 1 contract

Sources: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ in the condition of the Property or the structures thereon such that Lender in good faith believes the prospect of payment or performance of the Loan this Note is impairedimpaired or otherwise deems itself insecure.

Appears in 1 contract

Sources: Secured Promissory Note (American Gas & Technology LP)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impairedImpaired.

Appears in 1 contract

Sources: Business Loan Agreement (Sielox Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's or Grantor's financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Sources: Commercial Pledge Agreement (Pure Cycle Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes Lender behaves the prospect of payment or of performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Asset Based) (Versant Corp)

Adverse Change. A material adverse change occurs in the consolidated financial condition of Borrower’s financial condition, or ▇▇▇▇▇▇ Lender believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Flotek Industries Inc/Cn/)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (FGI Industries Ltd.)

Adverse Change. A material adverse change occurs in Borrower’s or a Related Entity’s financial condition, or condition which leads ▇▇▇▇▇▇ believes to reasonably believe that the prospect of a Borrower’s payment or performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Hall of Fame Resort & Entertainment Co)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance Performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Arts Way Manufacturing Co Inc)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Sources: Loan Agreement (Skyway Communications Holding Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, . or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired.

Appears in 1 contract

Sources: Loan Agreement (Labwire Inc)

Adverse Change. A material adverse change Material Adverse Change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ Lender reasonably believes the prospect of payment or performance of the Loan is Note has been impaired.

Appears in 1 contract

Sources: Business Loan Agreement (CarePayment Technologies, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes Lenders believe the prospect of payment or performance of the Loan this Agreement or any Note is substantially impaired.

Appears in 1 contract

Sources: Loan Agreement (Capstone Companies, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇▇▇▇▇ Lender reasonably believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Asset Based) (Better Choice Co Inc.)

Adverse Change. A material adverse change occurs in Borrower’s the financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance condition of the Loan is impairedBorrower which substantially impairs the financial responsibility of the Borrower or its ability to repay the Loan.

Appears in 1 contract

Sources: Term Loan Agreement (Semitool Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or ▇▇Le▇▇▇▇ believes ▇elieves the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Sources: Change in Terms Agreement (Roomlinx Inc)

Adverse Change. A material materiel adverse change occurs in Borrower’s financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan is at this Note Is impaired.

Appears in 1 contract

Sources: Loan Agreement (Labwire Inc)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Siena Technologies, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or a change occurs in the current management of either Borrower and/or Grantor, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Sources: Commercial Pledge Agreement (Western Capital Resources, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s or a Related Entity’s financial condition, or ▇▇▇▇▇▇ believes condition which leads Lender to reasonably believe that the prospect of a Borrower’s payment or and/or performance of under this Agreement, the Term Loan Note and/or under any other Loan Documents is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Hall of Fame Resort & Entertainment Co)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or a change occurs in the current management of Borrower, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Western Capital Resources, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is materially impaired.

Appears in 1 contract

Sources: Business Loan Agreement (Amtd Idea Group)

Adverse Change. A material adverse change occurs in any Borrower’s financial conditioncondition that would reasonably be expected to have a Material Adverse Effect, or ▇▇▇▇▇▇ Bank reasonably believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Sources: Loan Agreement (EVO Transportation & Energy Services, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of p▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired.

Appears in 1 contract

Sources: Promissory Note (Georgia Bancshares Inc//)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or L▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Sources: Change in Terms Agreement (Roomlinx Inc)