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Common use of Prospect of Payment or Performance Clause in Contracts

Prospect of Payment or Performance. The determination in good faith by Members United that the prospect for payment or performance of any of the obligations herein is impaired for any reason.

Appears in 3 contracts

Sources: Committed Line of Credit Facility Note and Security Agreement (Ministry Partners Investment Corp), Line of Credit Facility Agreement (Ministry Partners Investment Corp), Cuso Line of Credit Facility Note and Security Agreement (Ministry Partners Investment Corp)

Related Clauses

  • Timing of Payment or Performance
  • Timing of Payment of Performance
  • Security for Performance
  • Non-Duplication of Payment or Benefits
  • TIMELY PERFORMANCE

Parent Clauses

  • EVENTS OF DEFAULT
  • Terms of Agreement
  • Default and/or Event of Default
  • No Defaults
  • Complete Information

Sub-Clauses

  • Binding Effect
  • Confidentiality
  • Obligations Absolute
  • Survival of Borrower’s Representations
  • Amendments; Waivers
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