Common use of Adverse Change Clause in Contracts

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 34 contracts

Sources: Business Loan Agreement (BayFirst Financial Corp.), Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 27 contracts

Sources: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 18 contracts

Sources: Business Loan Agreement (Ames National Corp), Business Loan Agreement (Addvantage Technologies Group Inc), Business Loan Agreement (Heartland Financial Usa Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 13 contracts

Sources: Business Loan Agreement (Charge Enterprises, Inc.), Business Loan Agreement (Autoscope Technologies Corp), Business Loan Agreement (Medalist Diversified REIT, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 9 contracts

Sources: Business Loan Agreement (Torotel Inc), Business Loan Agreement (Torotel Inc), Business Loan Agreement (Torotel Inc)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 7 contracts

Sources: Commercial Security Agreement (Wayside Technology Group, Inc.), Commercial Security Agreement (Wayside Technology Group, Inc.), Commercial Security Agreement (Wayside Technology Group, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 6 contracts

Sources: Business Loan Agreement (Semitool Inc), Business Loan Agreement (Embedded Support Tools Corp), Loan Agreement (Balance Bar Co)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 4 contracts

Sources: Business Loan Agreement (Loyalty Alliance Enterprise Corp), Business Loan Agreement (Mining Oil, Inc.), Business Loan Agreement (Utek Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 4 contracts

Sources: Change in Terms Agreement (VCG Holding Corp), Change in Terms Agreement (Icop Digital, Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 4 contracts

Sources: Business Loan Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Foundation Healthcare, Inc.), Change in Terms Agreement (Icop Digital, Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 3 contracts

Sources: Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Sources: Business Loan Agreement (Landmark Bancorp Inc), Loan Agreement (Digital Ally Inc), Security Agreement (Loyaltypoint Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 3 contracts

Sources: Business Note and Security Agreement (Outlook Sports Technology Inc), Business Loan Agreement (NTS Properties Vi/Md), Commercial Security Agreement (Obsidian Enterprises Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender L▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Sources: Business Loan Agreement (Syra Health Corp), Business Loan Agreement (Homeland Energy Solutions LLC), Business Loan Agreement (AeroVironment Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender L▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Sources: Change in Terms Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Century Casinos Inc /Co/)

Adverse Change. A material adverse change occurs in Borrower’s or a Guarantor’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 3 contracts

Sources: Subordinated Loan Agreement (Teraforce Technology Corp), Loan Agreement (Teraforce Technology Corp), Loan Agreement (Teraforce Technology Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender L▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Sources: Business Loan Agreement (Pro Dex Inc), Business Loan Agreement (Reliv International Inc), Business Loan Agreement (Aetrium Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 2 contracts

Sources: Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (R B Rubber Products Inc)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers financial condition, or Lender L▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Change in Terms Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Landmark Bancorp Inc)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith faith, believes itself insecure.

Appears in 2 contracts

Sources: Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan or this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Business Loan Agreement (VCG Holding Corp), Change in Terms Agreement (VCG Holding Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender lender believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Loan Agreement (Monarch Cement Co), Loan Agreement (Monarch Cement Co)

Adverse Change. A material adverse change occurs in Borrower’s 's or Grantor's financial condition, or Lender Lender, in good faith, believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Commercial Pledge Agreement (ERBA Diagnostics, Inc.), Commercial Security Agreement (ERBA Diagnostics, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, . or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Business Loan Agreement (Torotel Inc), Business Loan Agreement (Torotel Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, condition or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Business Loan Agreement (Farmland Partners Inc.), Business Loan Agreement (Farmland Partners Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Business Loan Agreement (Rocky Mountain Chocolate Factory Inc), Business Loan Agreement (Seawright Holdings Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan or this Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Change in Terms Agreement (VCG Holding Corp), Change in Terms Agreement (VCG Holding Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or of performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement (Laird Superfood, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Sources: Change in Terms Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Landmark Bancorp Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan ▇▇▇ ▇oan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Red Trail Energy, LLC)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan indebtedness is impaired. Insecurity. Lender in good faith believes ▇▇▇▇▇ ▇▇▇▇▇ itself insecure.

Appears in 1 contract

Sources: Loan and Security Agreement (Snowdance Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. InsecurityInsecurity . Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Commercial Guaranty (Natrol Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or of performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Promissory Note (Pc Universe Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Mammoth Energy Partners LP)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender L▇▇▇▇▇ believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (United Bancorp Inc /Mi/)

Adverse Change. A material adverse change occurs in In Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Asset Based) (Gse Systems Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Change in Terms Agreement (Widepoint Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Change in Terms Agreement (Titan Energy Worldwide, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan or this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (VCG Holding Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes reasonably deems itself insecureinsecure (i.e., ▇▇▇▇▇▇’s subjective belief that there has been some impairment of its prospect of payment or performance).

Appears in 1 contract

Sources: K Mart Redevelopment Agreement

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of or payment or performance of the Loan indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 1 contract

Sources: Loan Agreement (Synergetics Usa Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance per formance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Shells Seafood Restaurants Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Lender, in good faith, believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (ERBA Diagnostics, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes ▇▇▇▇▇ ▇▇▇▇▇ itself insecure.

Appears in 1 contract

Sources: Loan and Security Agreement (Snowdance Inc)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers, financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Eaco Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Nutech Digital Inc)