UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 4 contracts
Sources: Loan and Security Agreement (LTX Corp), Loan and Security Agreement (Speechworks International Inc), Loan and Security Agreement (Applix Inc /Ma/)
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if if, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of business, Material Adverse Change or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 4 contracts
Sources: Loan and Security Agreement (Skillsoft Public Limited Co), Loan and Security Agreement (Skillsoft Public Limited Co), Loan and Security Agreement (Skillsoft Public Limited Co)
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a Material Adverse Change, or a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 2 contracts
Sources: Loan and Security Agreement (Critical Therapeutics Inc), Loan and Security Agreement (Critical Therapeutics Inc)
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, or condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 2 contracts
Sources: Loan Modification Agreement (Phase Forward Inc), Loan Modification Agreement (Phase Forward Inc)
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects prospect of Borrower, whether or not arising from transactions in repayment of the ordinary course of businessObligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 2 contracts
Sources: Loan and Security Agreement (LTX Corp), Loan Agreement (LTX Corp)
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, financial condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of business, Material Adverse Change or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions Obligations shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects prospect of Borrower, whether or not arising from transactions in repayment of the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this AgreementObligations.
Appears in 1 contract
Sources: Loan and Security Agreement (Zoom Technologies Inc)
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Credit Extensions Obligations shall terminate if if, in Bank’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects prospect of Borrower, whether or not arising from transactions in repayment of the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this AgreementObligations.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Credit Extensions Obligations shall terminate if if, in Bank’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of businessMaterial Adverse Change, or there has been any material adverse deviation by Borrower from the most recent business plan financial projections of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
Sources: Loan and Security Agreement (NMS Communications Corp)
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the ----------------------------- undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion issue any Letters of the Credit Extensions hereunder shall terminate if if, in Bank’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects prospect of Borrower, whether or not arising from transactions in repayment of the ordinary course of businessObligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
Sources: Letter of Credit Reimbursement Agreement (Finisar Corp)
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Credit Extensions Obligations shall terminate if if, in Bank’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects prospect of Borrower, whether or not arising from transactions in repayment of the ordinary course of businessObligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in repayment of the ordinary course of businessObligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Credit Extensions Obligations shall terminate if if, in Bank’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects prospect of Borrower, whether or not arising from transactions in repayment of the ordinary course of businessObligations, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of businessMaterial Adverse Change, or there has been any material adverse deviation by Borrower from the most recent business plan or budget of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Credit Extensions Obligations shall terminate if if, in Bank’s sole discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of businessMaterial Adverse Change, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
Sources: Loan and Security Agreement (ClearStory Systems, Inc.)
UNDISBURSED CREDIT EXTENSIONS. The Bank's ’s obligation to lend the undisbursed portion of the Credit Extensions Obligations shall terminate if if, in Bank’s reasonable discretion, there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of Borrower, whether or not arising from transactions in the ordinary course of businessMaterial Adverse Change, or there has been hasbeen any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted andaccepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
Sources: Loan and Security Agreement (American Science & Engineering Inc)
UNDISBURSED CREDIT EXTENSIONS. The Bank's obligation to lend the undisbursed portion of the Credit Extensions shall terminate if there has been a material adverse change in the general affairs, management, results of operation, condition (financial or otherwise) or the prospects of repayment of Borrower, whether or not arising from transactions in the ordinary course of business, or there has been any material adverse deviation by Borrower from the most recent business plan of Borrower presented to and accepted by Bank prior to the execution of this Agreement.
Appears in 1 contract
Sources: Loan and Security Agreement (Genzyme Transgenics Corp)