Common use of RESULT OF VIOLATION OF THIS LOAN AUTHORIZATION AND AGREEMENT Clause in Contracts

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). DISBURSEMENT OF THE LOAN • Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. • Disbursements may be made in increments as needed. • Other conditions may be imposed by SBA pursuant to general requirements of SBA. C-01-022488076-0 3302331368 • Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Xxxxxxxx fails to meet any of the terms or conditions of this Loan Authorization and Agreement. • NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED • This Loan Authorization and Agreement will be binding upon Xxxxxxxx and Xxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

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). DISBURSEMENT OF THE LOAN • · Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. • · Disbursements may be made in increments as needed. • · Other conditions may be imposed by SBA pursuant to general requirements of SBA. C-01-022488076-0 3302331368 • · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Xxxxxxxx Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. • · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED • · This Loan Authorization and Agreement will be binding upon Xxxxxxxx Borrower and XxxxxxxxBorrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

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). DISBURSEMENT OF THE LOAN • · Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. • · Disbursements may be made in increments as needed. • · Other conditions may be imposed by SBA pursuant to general requirements of SBA. C-01-022488076-0 3302331368 • · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Xxxxxxxx Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. • · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED • This Loan Authorization and Agreement will be binding upon Xxxxxxxx and Xxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

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). DISBURSEMENT OF THE LOAN • Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. • Disbursements may be made in increments as needed. • Other conditions may be imposed by SBA pursuant to general requirements of SBA. C-01-022488076-0 3302331368 • Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Xxxxxxxx Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. DocuSign Envelope ID: 09AA0FC5-7A91-44F0-96D5-EE07D9889BB8 Doc # L-01-1032454-01 SBA Loan #2089847810 Application #3600228534 • NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED • This Loan Authorization and Agreement will be binding upon Xxxxxxxx and Xxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

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). DISBURSEMENT OF THE LOAN • Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. • Disbursements may be made in increments as needed. • Other conditions may be imposed by SBA pursuant to general requirements of SBA. C-01-022488076-0 3302331368 • Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Xxxxxxxx Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. • NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. L-01-3254642-0 3302331368 2995807909 PARTIES AFFECTED • This Loan Authorization and Agreement will be binding upon Xxxxxxxx and Xxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

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). DISBURSEMENT OF THE LOAN • Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. • Disbursements may be made in increments as needed. • Other conditions may be imposed by SBA pursuant to general requirements of SBA. C-01-022488076-0 3302331368 • Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Xxxxxxxx Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. • NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED • This Loan Authorization and Agreement will be binding upon Xxxxxxxx and Xxxxxxxx's successors and assigns and will inure to the benefit of SBA and its successors and assigns.. RESOLUTION OF BOARD OF DIRECTORS RESOLUTION OF BOARD OF DIRECTORS Borrower shall, within 180 days of receiving any disbursement of this Loan, submit the appropriate SBA Certificate and/or Resolution to the U.S. Small Business Administration, Office of Disaster Assistance, 14925 Borrower shall, within 180 days of receiving any disbursement of this Loan, submit the appropriate SBA Certificate and/or Resolution to the U.S. Small Business Administration, Office of Disaster Assistance, 00000 Xxxxxxxxx Xx, Xxxx Xxxxx, XX. 00000. •