Death of Individual. The death of any Obligor who is a natural person.
Death of Individual. The death or legal declaration of incompetency of any Obligor who is a natural person.
Death of Individual. The death or legal declaration of incompetency of any Obligor who is a natural person, provided, however, the death of any guarantor shall not constitute an Event of Default hereunder if within sixty (60) days following such death or determination of legal incompetency, a substitute guarantor whose creditworthiness and business experience and skills are comparable to those of the original guarantor and who is otherwise reasonably acceptable to the Bank, executes a guaranty in favor of the Bank in form and substance substantially similar to the previous guarantor.
Death of Individual. Notwithstanding the above, nothing herein shall prevent the Transfer of any individual’s ownership interest or share in the Developer following the death of such individual, and such Transfer shall be deemed a Permitted Transfer provided that the Developer shall notify the City of such Transfer within 30 days of such Transfer.
Death of Individual. The death or legal declaration of incompetency of any Guarantor who is a natural person; provided, however, the death or legal declaration of incompetency of any Guarantor Fourth Amended and Restated Loan and Security Agreement 48 Express Grain Terminals, LLC, et al. will not constitute an Event of Default if within 60 days after such death or legal declaration of incompetency, the estate of the deceased Guarantor expressly acknowledges and agrees to assume, pay and perform all obligations of the deceased Guarantor under the Guaranty, the Indemnity Agreement and any other documents or instruments executed by such Guarantor in connection with the Loan, pursuant to a written assumption agreement in such form as Lender shall reasonably require.
Death of Individual. Intentionally omitted.
Death of Individual. If Borrower is an individual or if any guarantor is an individual, the death of such individual.
Death of Individual. If any individual Vendor dies, until the party giving a Notice has received notice in writing of the grant of probate of his will or letters of administration of his estate (or equivalent) any Notice given to such individual Vendor in accordance with the provisions of this Clause shall be as effective as if he were still living.
