Common use of Third Party Matters Clause in Contracts

Third Party Matters. Any Borrower Party (i) is in default under any agreement (other than the Loan Documents), (ii) fails to pay any final money judgment, (iii) becomes party to any proceeding, or (iv) fails to comply with any Applicable Laws, which may (in Lender's determination) materially and adversely impair (A) the Borrower Party's ability to perform its obligations under the Loan Documents, or (B) the value of, or Lender's rights in, the Collateral; or

Appears in 2 contracts

Samples: Loan Agreement (Educational Development Corp), Loan Agreement (Educational Development Corp)

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Third Party Matters. Any Borrower Party (i) is in default under any agreement (other than the Loan Documents), (ii) fails to pay any final money judgment, (iii) becomes party to any proceeding, or (iv) fails to comply with any Applicable Laws, which may (in Lender's determination) each case would reasonably be expected to materially and adversely impair (A) the Borrower Party's Borrower’s ability to perform its obligations under the Loan Documents, or (B) the value of, or Lender's rights in, the Collateral; or

Appears in 1 contract

Samples: Loan Agreement (CRAWFORD UNITED Corp)

Third Party Matters. Any Borrower Party (i) is in default under any agreement (other than the Loan Documents), (ii) fails to pay any final money judgment, (iii) becomes party to any proceeding, or (iv) fails to comply with any Applicable Laws, which may (in Lender's determination) materially and adversely impair (A) the Borrower PartyBorrower's ability to perform its obligations under the Loan Documents, or (B) the value of, or Lender's rights in, the Collateral; or

Appears in 1 contract

Samples: Loan Agreement (Arcadia Biosciences, Inc.)

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Third Party Matters. Any Borrower Party (i) is in default under any agreement (other than the Loan Documents), (ii) fails to pay any final money judgment, (iii) becomes party to any proceeding, or (iv) fails to comply with any Applicable Laws, which may (in Lender's ’s determination) materially and adversely impair (A) the Borrower Party's ’s ability to perform its obligations under the Loan Documents, or (B) the value of, or Lender's ’s rights in, the Collateral; or

Appears in 1 contract

Samples: Loan Agreement (ParagonCoin, LTD)

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