Common use of Adverse Financial Condition Clause in Contracts

Adverse Financial Condition. Any material adverse change in the financial condition of Borrower or any Guarantor from the condition shown on the financial statement(s) submitted to Lender and relied upon by Lender in making the Loan, the materiality and adverse effect of such change in financial condition to be reasonably determined by Lender in accordance with its credit standards and underwriting practices in effect at the time of making such determination; or

Appears in 3 contracts

Samples: Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

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Adverse Financial Condition. Any material adverse change in the financial condition of Borrower Borrower, any Asset Guarantor or any Guarantor Guarantor, from the condition shown on the financial statement(s) submitted to Lender and relied upon by Lender in making the Loan, which results in Borrower being unable to fulfill the materiality material obligations of Borrower hereunder and adverse effect of such change in financial condition to be reasonably determined by Lender in accordance with its credit standards and underwriting practices in effect at under the time of making such determinationLoan Documents; or

Appears in 2 contracts

Samples: Loan Agreement (IMH Financial Corp), Loan Agreement (IMH Financial Corp)

Adverse Financial Condition. Any material adverse change in the financial condition of Borrower or any Guarantor Guarantor, from the condition shown on the financial statement(s) submitted to Lender and relied upon by Lender in making the Loan, Loan which results in Borrower being unable to fulfill the materiality material obligations of Borrower hereunder and adverse effect of such change in financial condition to be reasonably determined by Lender in accordance with its credit standards and underwriting practices in effect at under the time of making such determinationLoan Documents; or

Appears in 1 contract

Samples: Loan Agreement (IMH Financial Corp)

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Adverse Financial Condition. Any material adverse change in the financial condition of the Borrower or any of the Guarantor from the condition shown on the financial statement(s) submitted to Lender and relied upon by Lender in making the Loan, which change has a Material Adverse Effect, or any other event or occurrence which has a Material Adverse Effect and notwithstanding the materiality terms and adverse effect conditions of such change in financial condition the last clause of Section 6.01(i) and Section 6.01(j) to be reasonably determined by Lender in accordance with its credit standards and underwriting practices in effect at the time of making such determination; orcontrary;

Appears in 1 contract

Samples: Loan Agreement (Ich Corp /De/)

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