Common use of Events Affecting Guarantor Clause in Contracts

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by this Note. Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 4 contracts

Sources: Business Loan Agreement (Elevate.Money REIT I, Inc.), Business Loan Agreement (Landmark Bancorp Inc), Loan Agreement (Monarch Cement Co)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, suretysurely, or accommodation party of any of the indebtedness Indebtedness or any Guarantor, or any other guarantor, endorser, suretysurely, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty Guaranty of the indebtedness Indebtedness evidenced by this Note. Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 4 contracts

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

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness Indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or of revokes or disputes the validity of, or liability under, any guaranty Guaranty of the indebtedness evidenced by this Note. Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 3 contracts

Sources: Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness Indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty Guaranty of the indebtedness Indebtedness evidenced by this Note. Change In in Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 3 contracts

Sources: Change in Terms Agreement (XPEL, Inc.), Change in Terms Agreement (XPEL, Inc.), Change in Terms Agreement (XPEL, Inc.)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by this Note. Change In in Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 3 contracts

Sources: Business Loan Agreement (Loyalty Alliance Enterprise Corp), Loan Agreement (Badger Meter Inc), Letter Agreement (Midwest Banc Holdings Inc)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness Indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty Guaranty of the indebtedness evidenced by this Note. Change In in Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 3 contracts

Sources: Change in Terms Agreement (Allin Corp), Change in Terms Agreement (Allin Corp), Change in Terms Agreement (Allin Corp)

Events Affecting Guarantor. Any of the preceding events occurs occur with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of or any of the indebtedness Indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty and Guaranty of the indebtedness evidenced Indebtedness evidences by this Note. Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 2 contracts

Sources: Change in Terms Agreement (Medalist Diversified REIT, Inc.), Change in Terms Agreement (Medalist Diversified REIT, Inc.)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness Indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty Guaranty of the indebtedness Indebtedness evidenced by this Note. Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 2 contracts

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

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty Guaranty of the indebtedness Indebtedness evidenced by this Note. Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 2 contracts

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

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by this Note. , Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Arena Resources Inc)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by this Note. , Change In Ownership. Any change in ownership of twenty-five percent (25%) or 25%)or more of the common stock of Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Arena Resources Inc)

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor, or any other guarantor, endorser, surety, or accommodation party of any of the indebtedness or any Guarantor, or any other guarantor, endorser, surety, or accommodation party dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by this Note. Change In in Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Nocopi Technologies Inc/Md/)