Common use of Events Affecting Guarantor Clause in Contracts

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or such Guarantor dies or becomes incompetent. Adverse Change. A material adverse change occurs in Grantor’s or Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired. Insecurity. Lender, in good faith, deems itself insecure.

Appears in 1 contract

Sources: Security Agreement

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or such Guarantor dies or becomes incompetentincompetent or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Adverse Change. A material adverse change occurs in Grantor’s or Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired. Insecurity. Lender, Lender in good faith, deems faith believes itself insecure.

Appears in 1 contract

Sources: Commercial Security Agreement (Vista Proppants & Logistics Inc.)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness indebtedness or such any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Adverse Change. A material adverse change occurs in Grantor’s or Borrower’s 's financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Indebtedness Loan is impaired. Insecurity. Lender, Lender in good faith, deems faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (IMH Financial Corp)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness indebtedness or such Guarantor dies or becomes incompetentincompetent or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Adverse Change. A material adverse change occurs in Grantor’s or Borrower’s financial condition, or Lender ▇▇▇▇▇▇ believes the prospect of payment or performance of the Indebtedness indebtedness is impaired. Insecurity. Lender, in good faith, deems itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (TX Holdings, Inc.)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or such any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. Adverse Change. A material adverse change occurs in Grantor’s or Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired. Insecurity. Lender, Lender in good faith, deems faith believes itself insecure.

Appears in 1 contract

Sources: Assignment of Rents (Arts Way Manufacturing Co Inc)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or such any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness Change in Ownership. Borrower is a publicly traded company Adverse Change. A material adverse change occurs in Grantor’s or Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired. Insecurity. Lender, in good faith, deems itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Littlefield Adams & Co)