LOSS; DESTRUCTION; OR DAMAGE. Borrower shall bear the risk of the Financed Equipment being lost, stolen, destroyed, or damaged. If during the term of this Agreement any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "Event of Loss"), then in each case, Borrower:
Appears in 10 contracts
Samples: Loan and Security Agreement (Critical Therapeutics Inc), Loan and Security Agreement (Smarterkids Com Inc), Loan Modification Agreement (Critical Therapeutics Inc)
LOSS; DESTRUCTION; OR DAMAGE. Borrower shall will bear the risk of the Financed Equipment being lost, stolen, destroyed, or damaged. If during the term of this Agreement any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "Event of Loss"), then in each case, Borrower:
Appears in 7 contracts
Samples: Loan and Security Agreement (Jamdat Mobile Inc), Loan and Security Agreement (Cosine Communications Inc), Loan and Security Agreement (Cosine Communications Inc)
LOSS; DESTRUCTION; OR DAMAGE. Borrower shall will bear the risk of the Financed Equipment being lost, stolen, destroyed, or damaged. If during the term of this Agreement any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "“Event of Loss"”), then in each case, Borrower:
Appears in 5 contracts
Samples: Loan and Security Agreement (Cardiomems Inc), Loan and Security Agreement (Saba Software Inc), Loan and Security Agreement (Threshold Pharmaceuticals Inc)
LOSS; DESTRUCTION; OR DAMAGE. Each Borrower shall will bear the risk of the Financed Equipment being lost, stolen, destroyed, or damaged. If during the term of this Agreement any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "“Event of Loss"”), then in each case, BorrowerBorrowers:
Appears in 2 contracts
Samples: Loan and Security Agreement (Manugistics Group Inc), Loan and Security Agreement (Manugistics Group Inc)
LOSS; DESTRUCTION; OR DAMAGE. Borrower shall Borrowers will bear the risk of the Financed Equipment being lost, stolen, destroyed, or damaged. If during the term of this Agreement any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "“Event of Loss"”), then in each case, BorrowerBorrowers:
Appears in 2 contracts
Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)
LOSS; DESTRUCTION; OR DAMAGE. Each Borrower shall will bear the risk of the Financed Equipment being lost, stolen, destroyed, or damaged. If during the term of this Agreement any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "Event of Loss"), then in each case, BorrowerBorrowers:
Appears in 1 contract
Samples: Loan and Security Agreement (Manugistics Group Inc)
LOSS; DESTRUCTION; OR DAMAGE. Borrower shall will bear the risk of the Financed Equipment being lost, stolen, destroyed, destroyed or damaged. If If, during the term of this Agreement Agreement, any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "Event of Loss"), then in each case, Borrower:
Appears in 1 contract
LOSS; DESTRUCTION; OR DAMAGE. Borrower shall will bear the risk of the Financed Equipment being lost, stolen, destroyed, or damaged. If during the term of this Agreement any item of Financed Equipment becomes obsolete or is lost, stolen, destroyed, damaged beyond repair, rendered permanently unfit for use, or seized by a governmental authority for any reason for a period equal to at least the remainder of the term of this Agreement (an "Event of Loss"), then in each case, Borrower:
Appears in 1 contract
