Commencement of Legal Proceedings. The commencement of any legal or enforcement proceedings against the Borrower which could have in the opinion of the Lender a Material Adverse Effect on the Borrower.
Appears in 9 contracts
Samples: Convertible Loan Agreement (Kiwa Bio-Tech Products Group Corp), Convertible Note Agreement (Kiwa Bio-Tech Products Group Corp), Secured Promissory Note Agreement (Kiwa Bio-Tech Products Group Corp)
