Common use of Adverse Change Clause in Contracts

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

Appears in 20 contracts

Samples: Business Loan Agreement (NV5 Holdings, Inc.), Business Loan Agreement (Innsuites Hospitality Trust), Business Loan Agreement (Mammoth Energy Partners LP)

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

Appears in 19 contracts

Samples: Change in Terms Agreement (Medalist Diversified REIT, Inc.), Change in Terms Agreement (Medalist Diversified REIT, Inc.), Change in Terms Agreement (Heritage Oaks Bancorp)

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

Appears in 16 contracts

Samples: Business Loan Agreement (Wilhelmina International, Inc.), Business Loan Agreement (Eaco Corp), Loan Agreement (Hastings Manufacturing Co)

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

Appears in 12 contracts

Samples: Loan Agreement (Badger Meter Inc), Business Loan Agreement (Niku Corp), Business Loan Agreement (Flotek Industries Inc/Cn/)

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

Appears in 10 contracts

Samples: Business Loan Agreement (Deja Foods Inc), Business Loan Agreement (Deja Foods Inc), Business Loan Agreement (Amrep Corp.)

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

Appears in 7 contracts

Samples: Business Loan Agreement (Ministry Partners Investment Corp), Business Loan Agreement (Ministry Partners Investment Corp), Business Loan Agreement (Wilhelmina International, Inc.)

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

Appears in 6 contracts

Samples: Business Loan Agreement (TX Holdings, Inc.), Business Loan Agreement (Prospect Acquisition Corp), Business Loan Agreement (Loyalty Alliance Enterprise Corp)

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

Appears in 5 contracts

Samples: Business Loan Agreement (Wilhelmina International, Inc.), Change in Terms Agreement (Elecsys Corp), Promissory Note (Elecsys Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Xxxxxx Lxxxxx believes the prospect of payment or performance of the Loan is impaired.

Appears in 4 contracts

Samples: Business Loan Agreement (BioLife4D Corp), Business Loan Agreement (Eaco Corp), Loan Agreement (Superior Drilling Products, Inc.)

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

Appears in 4 contracts

Samples: Change in Terms Agreement (Boomerang Systems, Inc.), Change in Terms Agreement (Siena Technologies, Inc.), Business Loan Agreement (Analytical Surveys Inc)

Adverse Change. A material adverse change occurs in Borrower’s Borrowers financial condition, or Xxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 3 contracts

Samples: Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc), Change in Terms Agreement (Arts Way Manufacturing Co Inc)

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

Appears in 3 contracts

Samples: Aircraft Security Agreement (Air T Inc), Commercial Pledge Agreement (LSB Industries Inc), Commercial Pledge Agreement (LSB Industries Inc)

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

Appears in 3 contracts

Samples: Business Loan Agreement (AeroVironment Inc), Change in Terms Agreement (Foundation Healthcare, Inc.), Change in Terms Agreement (Foundation Healthcare, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Xxxxxx Lender believes the prospect of payment or performance of the Loan Obligations is materially impaired.

Appears in 2 contracts

Samples: Financing Agreement (Imperial Holdings, LLC), Financing Agreement (Imperial Holdings, LLC)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Xxxxxx Lender reasonably believes the prospect of payment or performance of the Loan is materially impaired.

Appears in 2 contracts

Samples: Business Loan Agreement (LiveOne, Inc.), Business Loan Agreement (LiveXLive Media, Inc.)

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

Appears in 2 contracts

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc), Commercial Pledge Agreement (BJs RESTAURANTS INC)

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

Appears in 2 contracts

Samples: Where Food Comes From, Inc., Promissory Note (Community Bancorp Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Xxxxxx believes Lendxx xxxieves the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 2 contracts

Samples: Loan Agreement (Daw Technologies Inc /Ut), Terms Agreement (California Beach Restaurants Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Xxxxxx Lxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 2 contracts

Samples: Change in Terms Agreement (AeroVironment Inc), Business Loan Agreement (Arts Way Manufacturing Co Inc)

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

Appears in 1 contract

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

Adverse Change. A material adverse change occurs in Borrower’s financial condition, condition or Xxxxxx Lender reasonably believes the prospect of payment or performance of the Loan is impairedimpaired or an adverse change occurs in TridentHE.

Appears in 1 contract

Samples: Loan Agreement (Aegis Identity Software, Inc.)

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

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Xxxxxx believes the prospect of payment or performance Performance of the Loan is impaired.

Appears in 1 contract

Samples: Business Loan Agreement (Arts Way Manufacturing Co Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Siena Technologies, Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Xxxxxx Lxxxxx believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

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

Appears in 1 contract

Samples: Change in Terms Agreement (Roomlinx Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Baywood International Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or Xxxxxx believes Lenders believe the prospect of payment or performance of the Loan this Agreement or any Note is substantially impaired.

Appears in 1 contract

Samples: Loan Agreement (Capstone Companies, Inc.)

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Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Xxxxxx believes the prospect of payment or performance of the Loan this Note is impairedImpaired.

Appears in 1 contract

Samples: Business Loan Agreement (Sielox Inc)

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

Appears in 1 contract

Samples: Westmoreland Coal Co

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

Appears in 1 contract

Samples: Business Loan Agreement (Better Choice Co Inc.)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Xxxxxx Lender reasonably believes the prospect of payment or performance of the Loan is materially impaired; or a material adverse change occurs in Jxxxx's financial condition, or Lender reasonably believes the prospect of payment or performance of the Jxxxx's Guaranty is materially impaired.

Appears in 1 contract

Samples: Business Loan Agreement and Borrower (Janel Corp)

Adverse Change. A material adverse change occurs in Borrower’s financial condition, or a change occurs in the current management of Borrower, or Xxxxxx believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Samples: Business Loan Agreement (Western Capital Resources, Inc.)

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

Appears in 1 contract

Samples: Agreement (Amtd Idea Group)

Adverse Change. A material adverse change occurs in In Borrower’s 's financial condition, or Xxxxxx Lender reasonably believes the prospect of payment or performance of the Loan is impairedIndebtedness Is Impaired.

Appears in 1 contract

Samples: Pledge and Security Agreement (Boatracs Inc /Ca/)

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

Appears in 1 contract

Samples: Loan Agreement (Labwire Inc)

Adverse Change. A material adverse change occurs in Borrower’s or a Related Entity’s financial condition, or condition which leads Xxxxxx believes to reasonably believe that the prospect of a Borrower’s payment or performance of the Loan is impaired.

Appears in 1 contract

Samples: Business Loan Agreement (Hall of Fame Resort & Entertainment Co)

Adverse Change. A material adverse change occurs in Borrower’s 's or Grantor's financial condition, or Xxxxxx Lxxxxx believes the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Pure Cycle Corp)

Adverse Change. A material materiel adverse change occurs in Borrower’s financial condition, or Xxxxxx Lxxxxx believes the prospect of payment or performance of the Loan is at this Note Is impaired.

Appears in 1 contract

Samples: Loan Agreement (Labwire Inc)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Xxxxxx Lender reasonably and in good faith believes that the prospect of payment or performance of the Loan Indebtedness is impaired.. (j)

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

Adverse Change. A material adverse change occurs in Borrower’s financial conditioncondition or the condition of the Collateral, or Xxxxxx Lender believes the prospect of payment or for performance of the Loan is materially impaired.

Appears in 1 contract

Samples: Business Loan Agreement (NV5 Holdings, Inc.)

Adverse Change. A material adverse change occurs in any Borrower’s financial conditioncondition that would reasonably be expected to have a Material Adverse Effect, or Xxxxxx Bank reasonably believes the prospect of payment or performance of the Loan is impaired.

Appears in 1 contract

Samples: Loan Agreement (EVO Transportation & Energy Services, Inc.)

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

Appears in 1 contract

Samples: Business Loan Agreement (Versant Corp)

Adverse Change. A material adverse change occurs in Borrower’s or a Related Entity’s financial condition, or Xxxxxx believes condition which leads Lender to reasonably believe that the prospect of a Borrower’s payment or and/or performance of under this Agreement, the Term Loan Note and/or under any other Loan Documents is impaired.

Appears in 1 contract

Samples: Business Loan Agreement (Hall of Fame Resort & Entertainment Co)

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

Appears in 1 contract

Samples: Business Loan Agreement (Husker Ag Processing LLC)

Adverse Change. A material adverse change occurs in Borrower’s 's financial condition, or Xxxxxx believes Lexxxx xelieves the prospect of payment or performance of the Loan Indebtedness is impaired.

Appears in 1 contract

Samples: Change in Terms Agreement (Roomlinx Inc)

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