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 the Authority's reasonable discretion, from its financial condition as shown on any financial statement supplied to the Authority as referred to in subsections 4.3 or 5.4 hereof, and such adverse change is not fully corrected to the Authority's satisfaction within ten (10) days after written notice with respect thereto from the Authority.

Appears in 2 contracts

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

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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 AuthorityLender's reasonable discretion, from its financial condition as shown on any the financial statement supplied to the Authority as statements referred to in subsections 4.3 or 5.4 hereofSection 6.08 of this Agreement, and such adverse change is not fully corrected to the AuthorityLender's reasonable satisfaction within ten sixty (1060) days after written notice with respect thereto from the AuthorityLender.

Appears in 2 contracts

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

Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower, Borrower as determined in the AuthorityLender's reasonable discretion, from its their respective financial condition conditions as shown on any the financial statement supplied to the Authority as statements referred to in subsections 4.3 or 5.4 hereofSection 8.06 of this Agreement, and such adverse change is not fully corrected to the AuthorityLender's reasonable satisfaction within ten thirty (1030) days after written notice with respect thereto from the AuthorityLender.

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 and Guarantor as determined on an aggregate basis in the AuthorityLender's reasonable discretion, from its their respective financial condition conditions as shown on any the financial statement supplied to the Authority as statements referred to in subsections 4.3 or 5.4 hereofSection 8.06 of this Agreement, and such adverse change is not fully corrected to the AuthorityLender's reasonable satisfaction within ten thirty (1030) days after written notice with respect thereto has been sent from the AuthorityLender. "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)

Adverse Financial Change. If there should be any material adverse change in the financial condition of the Borrower, as determined in the AuthorityLender's reasonable discretion, from its financial condition as shown on any the financial statement supplied statements provided to the Authority Lender as referred to in subsections 4.3 or 5.4 hereofof the date of this Agreement, and such adverse change is not fully corrected to the AuthorityLender's reasonable satisfaction within ten thirty (1030) days after written notice with respect thereto from the AuthorityLender.

Appears in 1 contract

Samples: Loan Agreement (Tumbleweed 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 AuthorityLender's reasonable discretion, from its financial condition as shown on any the financial statement supplied to the Authority as statements referred to in subsections 4.3 or 5.4 hereofSection 6.08 of this Agreement, and such adverse change is not fully corrected to the AuthorityLender's reasonable satisfaction within ten sixty (1060) days after written notice with respect thereto from the AuthorityLender.

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, as determined in the Authority's ’s reasonable discretion, from its their financial condition as shown on any financial statement supplied to the Authority as referred to in subsections 4.3 or 5.4 hereof, and such adverse change is not fully corrected to the Authority's ’s satisfaction within ten (10) days after written notice with respect thereto from the Authority.

Appears in 1 contract

Samples: Loan Agreement (American Woodmark Corp)

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