Common use of Revocation or Termination Clause in Contracts

Revocation or Termination. If the Borrower is comprised of the trustee(s) of a trust, the trust is revoked or otherwise terminated or all or a substantial part of the Borrower's assets are distributed or otherwise disposed of.

Appears in 6 contracts

Samples: Loan Agreement (Lifeloc Technologies, Inc), Loan Agreement (Lifeloc Technologies, Inc), Tel Instrument Electronics Corp

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Revocation or Termination. If the Borrower is comprised of the trustee(s) of a trust, the trust is revoked or otherwise terminated or all or a substantial part of the Borrower's ’s assets are distributed or otherwise disposed of.

Appears in 4 contracts

Samples: Loan Agreement (Insys Therapeutics, Inc.), Non Recourse Loan and Security Agreement, Estate Loan Agreement (Diversified Restaurant Holdings, Inc.)

Revocation or Termination. If the Borrower is comprised of the trustee(s) of a trust, the trust is revoked or otherwise terminated or all or a substantial part of the Borrower's assets are distributed or otherwise disposed of.

Appears in 1 contract

Samples: Loan Modification Agreement (Tel Instrument Electronics Corp)

Revocation or Termination. If the Borrower is comprised of the trustee(s) of a trust, the trust is revoked or otherwise Otherwise terminated or all or a substantial part of the Borrower's ’s assets are distributed or otherwise disposed of.

Appears in 1 contract

Samples: Note and Agreement (Premier Exhibitions, Inc.)

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Revocation or Termination. If the Borrower any Obligor is comprised of the trustee(s) of a trust, the trust is revoked or otherwise terminated or all or a substantial part of the Borrower's Obligor’s assets are distributed or otherwise disposed of.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (American Rebel Holdings Inc)

Revocation or Termination. If the Borrower is comprised of the trustee(s) of a trust, the trust is revoked or otherwise terminated or all or a substantial part of the Borrower's ’s assets are distributed or otherwise disposed of.. 9.8

Appears in 1 contract

Samples: Real Estate Loan Agreement

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