Common use of Adverse Change Clause in Contracts

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 33 contracts

Samples: Business Loan Agreement (Southwest Water Co), Business Loan Agreement (Portfolio Recovery Associates Inc), Loan Agreement (Torotel Inc)

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Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 33 contracts

Samples: Loan Agreement (Amphastar Pharmaceuticals, Inc.), Loan Agreement (Charge Enterprises, Inc.), Terms Agreement (XPEL, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 29 contracts

Samples: Construction Loan Agreement (Applied Optoelectronics, Inc.), Business Loan Agreement (Collectors Universe Inc), Business Loan Agreement (Eaco Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 26 contracts

Samples: Business Loan Agreement (Innsuites Hospitality Trust), Business Loan Agreement (Scanner Technologies Corp), Business Loan Agreement (U.S. Auto Parts Network, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 25 contracts

Samples: Business Loan Agreement (Greenwood Hall, Inc.), Business Loan Agreement (American Electric Technologies Inc), Business Loan Agreement (Pinnacle Data Systems Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 15 contracts

Samples: Loan Agreement (Charge Enterprises, Inc.), Business Loan Agreement (Champion Industries Inc), Business Loan Agreement (Landmark Bancorp Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 14 contracts

Samples: Business Loan Agreement (Titan Energy Worldwide, Inc.), Business Loan Agreement (Rdo Equipment Co), Business Loan Agreement (AMERICAN POWER GROUP Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 9 contracts

Samples: Loan Agreement (Torotel Inc), Business Loan Agreement (Torotel Inc), Business Loan Agreement (NYTEX Energy Holdings, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 7 contracts

Samples: Commercial Security Agreement (Wayside Technology Group, Inc.), Security Agreement (Wayside Technology Group, Inc.), Security Agreement (Golf Trust of America Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 6 contracts

Samples: Commercial Security Agreement (Autocorp Equities Inc), Commercial Security Agreement (Autocorp Equities Inc), Business Loan Agreement (Semitool Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 4 contracts

Samples: Business Loan Agreement (Loyalty Alliance Enterprise Corp), Business Loan Agreement (Mining Oil, Inc.), Business Loan Agreement (Vicor Technologies, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Lxxxxx believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Change in Terms Agreement (AeroVironment Inc), Business Loan Agreement (Syra Health Corp), Business Loan Agreement (Homeland Energy Solutions LLC)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Lxxxxx believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Business Loan Agreement (Reliv International Inc), Business Loan Agreement (Pro Dex Inc), Business Loan Agreement (Aetrium Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Business Loan Agreement (Landmark Bancorp Inc), Loan Agreement (Digital Ally Inc), Security Agreement (Loyaltypoint Inc)

Adverse Change. A material adverse change occurs in Borrower’s or a Guarantor’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 3 contracts

Samples: Loan Agreement (Teraforce Technology Corp), Subordinated Loan Agreement (Teraforce Technology Corp), Loan Agreement (Teraforce Technology Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 3 contracts

Samples: Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Change in Terms Agreement (Foundation Healthcare, Inc.), Business Loan Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Allin Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (VCG Holding Corp), Terms Agreement (Icop Digital, Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 3 contracts

Samples: Business Note and Security Agreement (Outlook Sports Technology Inc), Security Agreement (Obsidian Enterprises Inc), Loan Agreement (NTS Properties Vi/Md)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, . or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Loan Agreement (Torotel Inc), Business Loan Agreement (Torotel Inc)

Adverse Change. A material adverse change occurs in Borrower's or Grantor’s financial condition, or Lender believes the prospect of payment or performance of the Loan lndebteidness is impaired. Insecurity. Lender in good faith faith-believes itself insecure.

Appears in 2 contracts

Samples: Securlty Agreement (Hickok Inc), Securlty Agreement (Hickok Inc)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

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

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith faith, believes itself insecure.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Pledge Agreement (Advanced Life Sciences Holdings, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, condition or Lender Xxxxxx believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Business Loan Agreement (Farmland Partners Inc.), Business Loan Agreement (Farmland Partners Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 2 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (R B Rubber Products Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan or this Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Change in Terms Agreement (VCG Holding Corp), Change in Terms Agreement (VCG Holding Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan or this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Business Loan Agreement (VCG Holding Corp), Change in Terms Agreement (VCG Holding Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan is impaired. Loan No: 310036 BUSINESS LOAN AGREEMENT (Continued) Page 6 Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Business Loan Agreement (XPEL, Inc.), Business Loan Agreement (XPEL, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers financial condition, or Lender Lxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

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

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Xxxxxx believes the prospect of payment or of performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement (Laird Superfood, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Business Loan Agreement (Seawright Holdings Inc), Business Loan Agreement (Rocky Mountain Chocolate Factory Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Lxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Change in Terms Agreement (Century Casinos Inc /Co/), Change in Terms Agreement (Landmark Bancorp Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's or Grantor's financial condition, or Lender Lender, in good faith, believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Commercial Security Agreement (ERBA Diagnostics, Inc.), Commercial Pledge Agreement (ERBA Diagnostics, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Lxxxxx believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (United Bancorp Inc /Mi/)

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Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Titan Energy Worldwide, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers, financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Eaco Corp)

Adverse Change. A material adverse change occurs in In Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Gse Systems Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.. BUSINESS LOAN AGREEMENT (Continued)

Appears in 1 contract

Samples: Business Loan Agreement (Cornerstone Realty Fund LLC)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Loan No: 1260080536 CHANGE IN TERMS AGREEMENT (Continued) Page 3 Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Terms Agreement (Arts Way Manufacturing Co Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender lender believes the prospect of payment or performance of the Loan this Note is impaired. PROMISSORY NOTE Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Monarch Cement Co

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes reasonably deems itself insecureinsecure (i.e., Xxxxxx’s subjective belief that there has been some impairment of its prospect of payment or performance).

Appears in 1 contract

Samples: Development Incentive Agreement

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan indebtedness is impaired. Insecurity. Lender in good faith believes xxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowdance Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of or payment or performance of the Loan indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 1 contract

Samples: Loan Agreement (Synergetics Usa Inc)

Adverse Change. A material adverse change occurs in Borrower’s or Grantor’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Security Agreement (Natrol Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance per formance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Shells Seafood Restaurants Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender Lender, in good faith believes faith, deems itself insecure.

Appears in 1 contract

Samples: Loan Agreement and Note (Nutech Digital Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Loan No: 9245710 CHANGE IN TERMS AGREEMENT (Continued) Page 2 Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Terms Agreement (Icop Digital, Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or in the condition of the Property or the structures thereon such that Lender in good faith believes the prospect of payment or performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes impaired or otherwise deems itself insecure.

Appears in 1 contract

Samples: American Gas & Technology LP

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan or this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (VCG Holding Corp)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Lender, in good faith, believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (ERBA Diagnostics, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Mammoth Energy Partners LP)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or of performance of the Loan this Note is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Pc Universe Inc

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes xxxxx xxxxx itself insecure.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowdance Inc)

Adverse Change. A material adverse change occurs in BorrowerBorrowers or Grantor’s financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impairedImpaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender Xxxxxx believes the prospect of payment or performance of the Loan is impaired. InsecurityInsecurity . Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Lender believes the prospect of payment or performance of the Loan Indebtedness is impaired. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Widepoint Corp)

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