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Common use of Borrower Status Clause in Contracts

Borrower Status. Borrower is liquidated, dissolved, or fails to maintain its status as a going concern.

Appears in 4 contracts

Sources: Business Loan and Security Agreement (Iron Bridge Mortgage Fund, LLC), Business Loan and Security Agreement (Iron Bridge Mortgage Fund, LLC), Business Loan and Security Agreement (Terra Property Trust, Inc.)

Parent Clauses

  • Representations and Warranties
  • GENERAL REPRESENTATIONS AND WARRANTIES
  • AFFIRMATIVE AND NEGATIVE COVENANTS
  • REPRESENTATIONS AND WARRANTIES OF BORROWER
  • EVENTS OF DEFAULT

Sub-Clauses

  • Investment Company Act
  • No Burdensome Agreements
  • Non-Foreign Status
  • Foreign Qualifications
  • Restrictions on Borrower
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