RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT. If Borrower violates any of the terms or conditions of this Loan Authorization and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable. SBA's failure to exercise its rights under this paragraph will not constitute a waiver. · A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower and/or its affiliates will be considered a default of all such Loan(s).
Appears in 11 contracts
Samples: Loan Authorization and Agreement (Monterey Capital Acquisition Corp), Loan Authorization and Agreement (Phoenix Motor Inc.), Loan Authorization and Agreement (Grove, Inc.)
RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT. ● If Borrower violates any of the terms or conditions of this Loan Authorization and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable. SBA's ’s failure to exercise its rights under this paragraph will not constitute a waiver. · ● A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower and/or its affiliates will be considered a default of all such Loan(s).
Appears in 9 contracts
Samples: Loan Authorization and Agreement (American Picture House Corp), Loan Authorization and Agreement (American Picture House Corp), Authorization and Agreement (Amphitrite Digital Inc)
RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT. ● If Borrower violates any of the terms or conditions of this Loan Authorization and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable. SBA's failure to exercise its rights under this paragraph will not constitute a waiver. · ● A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower and/or its affiliates will be considered a default of all such Loan(s).
Appears in 6 contracts
Samples: Authorization and Agreement (Maison Solutions Inc.), Loan Authorization and Agreement (Blue Dolphin Energy Co), Loan Authorization and Agreement (Blue Dolphin Energy Co)
RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT. If Borrower violates any of the terms or conditions of this Loan Authorization and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable. SBA's failure to exercise its rights under this paragraph will not constitute a waiver. · • A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower and/or its affiliates will be considered a default of all such Loan(s).
Appears in 2 contracts
Samples: Security Agreement (Fuse Medical, Inc.), Loan Authorization and Agreement (Adomani, Inc.)
RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT. If Borrower violates any of the terms or conditions of this Loan Authorization and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable. SBA's failure to exercise its rights under this paragraph will not constitute a waiver. SBA Loan # 0000000000 Application #3303511283 · A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower and/or its affiliates will be considered a default of all such Loan(s).
Appears in 1 contract
Samples: Loan Authorization and Agreement (Black Ridge Oil & Gas, Inc.)
RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT. A. If Borrower violates any of the terms or conditions of this Loan Authorization and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable. SBA's ’s failure to exercise its rights under this paragraph will not constitute a waiver. · A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower and/or its affiliates will be considered a default of all such Loan(s).
Appears in 1 contract
Samples: Propell Corporation.
RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT. If Borrower violates any of the terms or conditions of this Loan Authorization and Agreement, the Loan will be in default and SBA may declare all or any part of the indebtedness immediately due and payable. SBA's ’s failure to exercise its rights under this paragraph will not constitute a waiver. · • A default (or any violation of any of the terms and conditions) of any SBA Loan(s) to Borrower and/or its affiliates will be considered a default of all such Loan(s).
Appears in 1 contract
Samples: Loan Authorization and Agreement (Odyssey Marine Exploration Inc)
