Common use of Liquidation, Death and Related Events Clause in Contracts

Liquidation, Death and Related Events. If Borrower, Grantor or any Guarantor is an entity, the liquidation, dissolution, merger or consolidation of any such entity or, if any of such parties is an individual, the death or legal incapacity of any such individual. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, or by any governmental agency.

Appears in 3 contracts

Samples: Business Loan Agreement (Made2manage Systems Inc), Business Loan Agreement (Bioanalytical Systems Inc), Loan Agreement (Gentner Communications Corp)

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Liquidation, Death and Related Events. If Borrower, Grantor or any Guarantor is an entity, the liquidation, dissolution, merger or consolidation of any such entity or, if any of such parties is an individual, the death or legal incapacity of any such individual. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtednessindebtedness, or by any governmental agency.

Appears in 3 contracts

Samples: Business Loan Agreement (Bioanalytical Systems Inc), Loan Agreement (Carrier Access Corp), Loan Agreement (Carrier Access Corp)

Liquidation, Death and Related Events. If Borrower, Grantor or any Guarantor is an entity, the liquidation, dissolution, merger or consolidation of any such entity or, if any of such parties is an individual, the death or legal incapacity of any such individual. Creditor or Forfeiture Proceedings. , Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, Grantor or by any creditor of governmental agency against the Collateral or any Grantor against any other collateral securing the Indebtedness, or by any governmental agency.

Appears in 2 contracts

Samples: Loan Agreement (Carrier Access Corp), Loan Agreement (Carrier Access Corp)

Liquidation, Death and Related Events. If Borrower, Grantor or any Guarantor is an entity, the liquidation, dissolution, merger or consolidation of any such entity or, if any of such parties is an individual, the death or legal incapacity of any such individual. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, Grantor or by any creditor of governmental agency against the Collateral or any Grantor against any other collateral securing the Indebtedness, or by any governmental agency.

Appears in 2 contracts

Samples: Commercial Security Agreement (Unified Holdings Inc), Loan Agreement (Gentner Communications Corp)

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Liquidation, Death and Related Events. If Borrower, Grantor or any Guarantor is an entity, the liquidation, dissolution, merger or consolidation of any such entity or, if If any of such parties is an individual, the death or legal incapacity of any such individual. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, or by any governmental agency.

Appears in 1 contract

Samples: Business Loan Agreement (Unified Holdings Inc)

Liquidation, Death and Related Events. If Borrower, Grantor or any Guarantor is an entity, the liquidation, dissolution, . merger or consolidation of any such entity or, if any of such parties is an individual, the death or legal incapacity of any such individual. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, he repossession or any other method, by any creditor of Borrower, any creditor of any Grantor against any collateral securing the Indebtedness, or by any governmental agency.

Appears in 1 contract

Samples: Change in Terms Agreement (SCC Communications Corp)

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