Common use of Adverse Financial Change Clause in Contracts

Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower as determined in Lender's discretion, from its financial condition as shown on the financial statements referred to in Section 6.08 of this Agreement, and such adverse change is not fully corrected to Lender's reasonable satisfaction within sixty (60) days after notice with respect thereto from the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Orig LLC), Loan Agreement (Orig LLC)

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Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower as determined in the Lender's reasonable discretion, from its their respective financial condition conditions as shown on the financial statements referred to in Section 6.08 8.06 of this Agreement, and such adverse change is not fully corrected to Lender's reasonable satisfaction within sixty thirty (6030) days after notice with respect thereto from the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Primeholdings Com Inc), Loan Agreement (Primeholdings Com Inc)

Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower Borrower, as determined in Lenderthe Authority's reasonable discretion, from its financial condition as shown on any financial statement supplied to the financial statements Authority as referred to in Section 6.08 of this Agreementsubsections 4.3 or 5.4 hereof, and such adverse change is not fully corrected to Lenderthe Authority's reasonable satisfaction within sixty ten (6010) days after written notice with respect thereto from the LenderAuthority.

Appears in 2 contracts

Samples: Loan Agreement (American Woodmark Corp), Loan Agreement (American Woodmark Corp)

Adverse Financial Change. If there should be any material adverse -------------------------- change in the financial condition of the Borrower as determined in Lender's discretion, from its financial condition as shown on the financial statements referred to in Section 6.08 of this Agreement, and such adverse change is not fully corrected to Lender's reasonable satisfaction within sixty (60) days after notice with respect thereto from the Lender.

Appears in 1 contract

Samples: Loan Agreement (NTS Properties Vii LTD/Fl)

Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower and Guarantor as determined on an aggregate basis in the Lender's reasonable discretion, from its their respective financial condition conditions as shown on the financial statements referred to in Section 6.08 8.06 of this Agreement, and such adverse change is not fully corrected to Lender's reasonable satisfaction within sixty thirty (6030) days after notice with respect thereto has been sent from the Lender. "Material adverse change" as used herein shall have the meaning ascribed to such term in Section 6.01(g) of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Pomeroy Computer Resources Inc)

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Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower Borrower, as determined in the Lender's reasonable discretion, from its financial condition as shown on the financial statements referred provided to in Section 6.08 the Lender as of the date of this Agreement, and such adverse change is not fully corrected to Lender's reasonable satisfaction within sixty thirty (6030) days after notice with respect thereto from the Lender.

Appears in 1 contract

Samples: Loan Agreement (Tumbleweed Inc)

Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower Borrower, as determined in Lender's the Authority’s reasonable discretion, from its their financial condition as shown on any financial statement supplied to the financial statements Authority as referred to in Section 6.08 of this Agreementsubsections 4.3 or 5.4 hereof, and such adverse change is not fully corrected to Lender's reasonable the Authority’s satisfaction within sixty ten (6010) days after written notice with respect thereto from the LenderAuthority.

Appears in 1 contract

Samples: Loan Agreement (American Woodmark Corp)

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