Event of breach of contract. 9.1.1 The Borrower fails to use the loan in accordance with the agreed usage of the Loan; 9.1.2 The Borrower fails to repay the due principal and pay the interests, expenses or other payable in accordance with the agreed term of this contract; 9.1.3 The Borrower breaches the representation and warrants. 9.1.4 The Borrower breaches other loan Contracts or guaranty Contracts or the Guarantor breach the guaranty Contract which may make impact the Borrower to perform the obligations under this contract. 9.1.5 Conclusive evidence to show that the Borrower lose the capacity of credit or during performance of the obligation under this contract, the financial conditions of the Guarantor are seriously deteriorating or other reasons caused the Guarantor the capacity of credit decline. 9.1.6 The Borrower breaches the other obligations under this contract.
Appears in 3 contracts
Sources: Working Capital Loan Contract (Rx Staffing, Inc.), Working Capital Loan Contract (Rx Staffing, Inc.), Working Capital Loan Contract (Rx Staffing, Inc.)
Event of breach of contract. 9.1.1 (1) The Borrower fails to use the loan in accordance with the agreed usage of the Loan;
9.1.2 (2) The Borrower fails to repay the due principal and pay the interests, expenses or other payable in accordance with the agreed term of this contract;
9.1.3 (3) The Borrower breaches the representation and warrantswarrants set forth in Article 11.
9.1.4 (4) The Borrower breaches other loan Contracts agreements or guaranty Contracts agreements or the Guarantor breach the guaranty Contract agreement which may make impact the Borrower to perform the obligations under this contract.
9.1.5 (5) Conclusive evidence to show that the Borrower lose the capacity of credit or during performance of the obligation under this contract, the financial conditions of the Guarantor are seriously deteriorating or other reasons caused the Guarantor the capacity of credit decline.
9.1.6 (6) The Borrower breaches the other obligations under this contract.
Appears in 1 contract
Sources: Loan Agreement (Utstarcom Inc)