Insecurity. The Department shall deem itself insecure in good faith and reasonably believes, after consideration of all the facts and circumstances then existing, that the prospect of payment and satisfaction of the obligations under this Agreement, or the performance of or observance of the covenants in this Agreement, or the value of its collateral is or will be materially impaired.
Appears in 6 contracts
Samples: Loan Agreement (Lincolnway Energy, LLC), Loan/Forgivable Loan Agreement (Western Iowa Energy, L.L.C.), Loan/Forgivable Loan Agreement (Golden Grain Energy)
Insecurity. The If the Department shall deem itself insecure in good faith and reasonably believes, after consideration of all the facts and circumstances then existing, that the prospect of payment and satisfaction of the obligations under this Agreement, or the performance of or observance of the covenants in this Agreement, or the value of its collateral is or will be materially impaired.
Appears in 2 contracts
Samples: Piap Loan Agreement (Hydrogen Engine Center, Inc.), Loan Agreement (Bioforce Nanosciences Holdings, Inc.)
Insecurity. The Department shall deem itself insecure in good faith and reasonably believes, after consideration of all the facts and circumstances then existing, that the prospect of payment and satisfaction of the obligations under this Agreement, or the performance of or observance of the covenants in this Agreement, or the value of its collateral is or will be materially impaired.
Appears in 1 contract
Samples: Grant Agreement
