Common use of No Default, Adverse Change, False or Misleading Statement Clause in Contracts

No Default, Adverse Change, False or Misleading Statement. Lender’s obligation to advance any funds at any time pursuant to this Agreement and the Promissory Note shall, at Lender’s sole discretion, terminate upon the occurrence of any Event of Default or any event which could have a Material Adverse Effect. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Clarus Corp), Loan Agreement (Black Diamond, Inc.)

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No Default, Adverse Change, False or Misleading Statement. Lender’s obligation to advance any funds at any time pursuant to this Loan Agreement and the Promissory Note shall, at Lender’s sole discretion, terminate upon the occurrence of any Event of Default or Default, any event which could have a Material Adverse Effect, or upon the determination by Lender that any of Borrower’s representations made in any of the Loan Documents were false or materially misleading when made. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (inContact, Inc.), Loan Agreement (inContact, Inc.)

No Default, Adverse Change, False or Misleading Statement. Lender’s obligation to advance any funds at any time pursuant to this Loan and Security Agreement and the Promissory Note shall, at Lender’s sole reasonable discretion, terminate upon the occurrence of any Event of Default or upon the reasonable determination by Lender that any event which could have a Material Adverse Effectof Borrower’s representations made in any of the Loan Documents were false or materially misleading when made. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Corgenix Medical Corp/Co)

No Default, Adverse Change, False or Misleading Statement. Lender’s obligation to advance any funds at any time pursuant to this Loan Agreement and the Promissory Note shall, at Lender’s sole discretion, terminate upon the occurrence of any Event of Default or Default, any event which could have a Material Adverse Effect, or upon the reasonable determination by Lender that any of Borrowers’ representations made in any of the Loan Documents were false in any material respects or materially misleading when made. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Clarus Corp)

No Default, Adverse Change, False or Misleading Statement. Lender’s obligation to advance any funds at any time pursuant to this Loan Agreement and the Promissory Note shall, at Lender’s sole discretion, terminate upon the occurrence of any Event of Default or any event which could have a Material Adverse Effect. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Black Diamond, Inc.)

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No Default, Adverse Change, False or Misleading Statement. Lender’s obligation to advance any funds at any time pursuant to this Loan Agreement and the Promissory Note shall, at Lender’s sole discretion, terminate upon the occurrence of any Event of Default or Default, any event which could have a Material Adverse Effect, or upon the determination by Lender that any of Borrower’s or Guarantor’s representations made in any of the Loan Documents were false or materially misleading when made. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (inContact, Inc.)

No Default, Adverse Change, False or Misleading Statement. Lender’s 's obligation to advance any funds at any time pursuant to this Loan and Security Agreement and the Promissory Note Notes shall, at Lender’s 's sole discretion, terminate upon the occurrence of any Event of Default or Default, any event which could have a Material Adverse Effect, or upon the determination by Lender that any of Borrower's representations made in any of the Loan Documents were false or materially misleading in any material respect when made. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Sielox Inc)

No Default, Adverse Change, False or Misleading Statement. Lender’s obligation to advance any funds at any time pursuant to this Loan Agreement and the Promissory Note Notes shall, at Lender’s sole discretion, terminate upon the occurrence of any Event of Default or Default, any event which could have a Material Adverse Effect, or upon the determination by Lender that any of Borrower’s representations made in any of the Loan Documents were false or materially misleading when made. Upon the exercise of such discretion, Lender shall be relieved of all further obligations under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Zars Inc/Ut)

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