Common use of Jeopardy Clause in Contracts

Jeopardy. the Bank decides in its sole discretion that the continuation of the grant of the Facilities or any part thereof would be likely to be detrimental to its own position or otherwise undesirable or that its security hereunder is inadequate or in jeopardy or that any event or events has/have occurred or a situation exists which could or might prejudice the Customer’s and/or any of the other Security Party’s ability to perform its and/or any of the other Security Party’s obligation(s) hereunder in accordance with the terms hereof, or any of the Transaction Documents and the Security Documents as the case may be;

Appears in 2 contracts

Samples: Agreement, Asset Purchase Agreement

AutoNDA by SimpleDocs

Jeopardy. the Bank decides in its sole discretion that the continuation of the grant of the Facilities Facility(ies) or any part thereof would be likely to be detrimental to its own position or otherwise undesirable or that its security hereunder is inadequate or in jeopardy or that any event or events has/have occurred or a situation exists which could or might prejudice the Customer’s and/or or any of the other Security Party’s Party(ies)’ ability to perform its and/or any of the other Security Party’s Party(ies)’ obligation(s) hereunder in accordance with the terms hereof, or any of the Transaction Documents and the Security Documents as the case may be;

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

Jeopardy. the Bank decides in its sole discretion that the continuation of the grant of the Facilities Facility or any part thereof would be likely to be detrimental to its own position or otherwise undesirable or that its security hereunder is inadequate or in jeopardy or that any event or events has/have occurred or a situation exists which could or might prejudice the Customer’s and/or Customer(s)’ or any of the other Security Party’s Party(ies)' ability to perform its and/or any of the other Security Party’s Party(ies)' obligation(s) hereunder in accordance with the terms hereof, or any of the Transaction Documents and the Security Documents as the case may be;

Appears in 1 contract

Samples: Sale Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.