Common use of UNDISBURSED CREDIT EXTENSIONS Clause in Contracts

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 5 contracts

Samples: Loan and Security Agreement (Open Solutions Inc), Loan Modification Agreement (Constant Contact, Inc.), Loan and Security Agreement (Voxware Inc)

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UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect prospects of repayment Borrower, whether or not arising from transactions in the ordinary course of the Obligationsbusiness, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 4 contracts

Samples: Loan Agreement (Moldflow Corp), Loan and Security Agreement (Applix Inc /Ma/), Loan Modification Agreement (LTX Corp)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, Material Adverse Change or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Skillsoft Public Limited Co), Loan Modification Agreement (Skillsoft Public Limited Co), Loan Modification Agreement (Skillsoft Public Limited Co)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (LTX Corp), Loan and Security Agreement (LTX Corp)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, or condition (financial or otherwise) of Borrower, whether or not arising from transactions in the prospect ordinary course of repayment of the Obligationsbusiness, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 2 contracts

Samples: Fifth Loan Modification Agreement (Phase Forward Inc), Loan Modification Agreement (Phase Forward Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a Material Adverse Change, or a material adverse change in the general affairsprospects of Borrower, management, results whether or not arising from transactions in the ordinary course of operation, condition (financial or otherwise) or the prospect of repayment of the Obligationsbusiness, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Critical Therapeutics Inc), Loan Modification Agreement (Critical Therapeutics Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect prospects of repayment of Borrower, whether or not arising from transactions in the Obligationsordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Genzyme Transgenics Corp)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion issue any Letters of the Obligations Credit hereunder shall terminate if, in Bank's ’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Credit Reimbursement Agreement (Finisar Corp)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the ObligationsMaterial Adverse Change, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Stereotaxis, Inc.)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) of the Borrower or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Momenta Pharmaceuticals Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's 's, sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (ExactTarget, Inc.)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's ’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Aprimo, INC)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, Material Adverse Change or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan Modification Agreement (Athenahealth Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the ----------------------------- undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect prospects of repayment Borrower, whether or not arising from transactions in the ordinary course of the Obligationsbusiness, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Switchboard Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's ’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the ObligationsMaterial Adverse Change, or there has been any material adverse deviation by Borrower from the most recent business plan financial projections of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (NMS Communications Corp)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect prospects of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Epresence Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Zoom Technologies Inc)

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UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's ’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinera Corp)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations Revolving Line shall terminate if, in Bank's ’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this AgreementMaterial Adverse Change.

Appears in 1 contract

Samples: Loan and Security Agreement (Axs One Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, Material Adverse Change or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Color Kinetics Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, Material Adverse Change; or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Applix Inc /Ma/)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the ObligationsMaterial Adverse Change, or there has been any material adverse deviation by Borrower from the most recent business plan or budget of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonus Networks Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations Credit Extensions shall terminate if, in Bank's sole discretion, if there has been a material adverse change in the general affairs, management, results of operation, financial condition (financial or otherwise) or the prospect prospects of repayment Borrower, whether or not arising from transactions in the ordinary course of the Obligationsbusiness, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Nanosys Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's ’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Physiometrix Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's ’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the ObligationsMaterial Adverse Change, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (ClearStory Systems, Inc.)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, there if a Material Adverse Change has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligationsoccurred, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Onesource Information Services Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole ’s reasonable discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the ObligationsMaterial Adverse Change, or there has been hasbeen any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted andaccepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (American Science & Engineering Inc)

UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Obligations shall terminate if, in Bank's sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospect of repayment of the Obligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.

Appears in 1 contract

Samples: Loan Modification Agreement (Archemix Corp.)

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