Common use of Events Affecting Guarantor Clause in Contracts

Events Affecting Guarantor. Any of the preceeding Events of Default occurs with respect to any guarantor of the Indebtedness as if the word "guarantor" were substituted for the word "Borrower" in such Event of Default, or any guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty.

Appears in 3 contracts

Sources: Business Loan Agreement (SKM Media Corp.), Business Loan Agreement (Scientific Industries Inc), Omnibus Addendum to Promissory Notes (Genitope Corp)

Events Affecting Guarantor. Any of the preceeding preceding Events of Default occurs with respect to any guarantor of the Indebtedness as if the word "guarantor" were substituted for the word "Borrower" in such Event of Default, or any guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty.

Appears in 1 contract

Sources: Business Loan Agreement (SKM Media Corp.)

Events Affecting Guarantor. Any of the preceeding Events of Default occurs with respect to any guarantor of the Indebtedness as if the word "guarantor" were substituted for the word "Borrower" in such Event of Default, or any guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (American Electric Technologies Inc)

Events Affecting Guarantor. Any of the preceeding preceding Events of Default occurs with respect to any guarantor of the Indebtedness as if the word "guarantor" were substituted for the word "BorrowerGrantor" in such Event of Default, or any guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guarantyguaranty of the Indebtedness.

Appears in 1 contract

Sources: Commercial Security Agreement (Scientific Industries Inc)

Events Affecting Guarantor. Any of the preceeding preceding Events of Default occurs with respect to any guarantor of the Indebtedness as if the word "guarantor" were substituted for the word "Borrower" in such Event of Default, or any guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any guaranty. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Corporate Resolution (Abidon Inc)