Common use of Breach of Value Requirements Clause in Contracts

Breach of Value Requirements. Bank is not obligated to permit an advance when value requirements are not met or if permitted would not be met. Failure to timely meet value requirements is an Event of Default and allows Bank, in its sole discretion, to accelerate the Indebtedness secured hereby and exercise its rights and remedies hereunder.

Breach of Value Requirements. Bank is not obligated shall be under no obligation to permit an advance advances when value requirements are not met satisfied (or if should an advance be permitted would not then be metsatisfied). Failure to timely meet satisfy value requirements is within the time specified constitutes an Event of Default Default, and allows BankBank may immediately, in at its sole discretionoption, to accelerate the Indebtedness secured hereby and exercise its pursue any and all rights and remedies hereunderavailable to Bank under and subject to the terms of this Agreement or as may otherwise be available at law, equity, or both.

Breach of Value Requirements. Bank is not obligated to permit an advance when value requirements are not met or if permitted would not then be met. Failure to timely meet value requirements is an Event of Default Default, and allows Bank, in its sole discretionoption, to accelerate the Indebtedness secured hereby and exercise its rights and remedies hereunderunder this Agreement.