Common use of Third Party Matters Clause in Contracts

Third Party Matters. Borrower (i) is in default under any agreement (other than the Loan Documents), (ii) fails to pay any final money judgment, (iii) becomes party to any proceeding, or (iv) fails to comply with any Applicable Laws, which in each case would reasonably be expected to materially and adversely impair (A) Borrower’s ability to perform its obligations under the Loan Documents, or (B) the value of, or Lender's rights in, the Collateral; or

Appears in 1 contract

Sources: Loan Agreement (CRAWFORD UNITED Corp)

Third Party Matters. Borrower (i) is in default under any agreement (other than with the Loan Documents)Lender, (ii) fails to pay any final money judgment, (iii) becomes party to any proceeding, or (iv) fails to comply with any Applicable Lawslaw, which in each case would reasonably be expected to materially and adversely impair impairs (A) such Borrower’s ability to perform his, her, or its obligations under the Loan Documents, or (B) the value of, or Lender's rights in, the CollateralNote; or

Appears in 1 contract

Sources: Seller Financing Note (Innovative Food Holdings Inc)