Common use of Insecurity Clause in Contracts

Insecurity. The occurrence of any event or circumstance with ---------- respect to the Borrower such that Lender shall believe in good faith that the prospect of payment of all or any part of the Liabilities or the performance by the Borrower under this Agreement or any other agreement between the Lender and the Borrower is impaired or there shall occur any material adverse change in the business or financial condition of the Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc)

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Insecurity. The occurrence of any event or circumstance with ---------- respect to the Borrower such that Lender shall believe in good faith that the prospect of payment of all or any part of the Liabilities or the performance by the Borrower under this Agreement or any other agreement between the Lender and the Borrower is impaired or there shall occur any material adverse change in the business or financial condition of the BorrowerMaterial Adverse Change.

Appears in 1 contract

Samples: Agreement (Crown Books Corp)

Insecurity. The occurrence of any event or circumstance with ---------- respect to the Borrower such that Lender shall believe in good faith that the prospect of payment of all or any part of the Liabilities or the performance by the Borrower under this Agreement or any other agreement between the Lender and the Borrower is impaired or there shall occur any material adverse change in the business or financial condition of the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvey Electronics Inc)

Insecurity. The occurrence of any event or circumstance with ---------- respect to the Borrower such that Lender shall believe in good faith that the prospect of payment of all or any part of the Liabilities or the performance by the Borrower under this Agreement or any other agreement between the Lender and the Borrower is materially impaired and it is unlikely that Borrower would be able to cure such event or there shall occur any material adverse change in the business or financial condition of the Borrowercircumstance.

Appears in 1 contract

Samples: Agreement (Right Start Inc /Ca)

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Insecurity. The occurrence of any event or circumstance with ---------- respect to the Borrower such that Lender shall believe in good faith that the prospect of payment of all or any part of the Liabilities or the performance by the Borrower under this Agreement or any other agreement between the Lender and the Borrower is impaired or there shall occur any material adverse change in the business or financial condition of the Borrowerimpaired.

Appears in 1 contract

Samples: Loan and Security Agreement (National Home Centers Inc)

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