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Common use of Change in Financial Condition Clause in Contracts

Change in Financial Condition. No Borrower will suffer or allow any substantial or materially adverse change in the financial condition of any Borrower to occur.

Appears in 3 contracts

Sources: Term Promissory Note (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp)

Related Clauses

  • Solvent Financial Condition
  • Financial Condition of Company
  • Financial Condition of the Borrower
  • Financial Condition; No Adverse Change
  • No Material Deterioration in Financial Condition; Financial Statements

Parent Clauses

  • EVENTS OF DEFAULT
  • Term and Termination
  • Termination
  • Purchase Price of a Single Family Residence
  • Representations, Warranties and Covenants

Sub-Clauses

  • DEBT TO NET WORTH RATIO
  • NET WORTH
  • QUICK RATIO
  • WORKING CAPITAL
  • NET PROFIT
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