Common use of Breach of Any Contract Clause in Contracts

Breach of Any Contract. Borrower shall not commit any act, or suffer or permit any act to occur, that would, in any manner, constitute or give rise to a material breach of any term, covenant or condition on Borrower's part to be performed under any material contract or agreement to which Borrower is a party or by which it is bound if such breach would have a materially adverse effect on the Property, any other security for the Loan, or the financial condition of Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)

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Breach of Any Contract. Borrower shall not commit any act, or suffer or permit any act to occur, that would, in any manner, constitute or give rise to a material breach of any term, covenant or condition on Borrower's ’s part to be performed under any material contract or agreement to which Borrower is a party or by which it is bound if such breach would have a materially adverse effect affect on the PropertyProject, any other security for the Loan, or the financial condition of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Saddlebrook Resorts Inc)

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Breach of Any Contract. Borrower shall will not commit any act, or suffer or permit any act to occur, that would, would in any manner, constitute or manner give rise to a the material breach of any term, covenant covenant, or condition on Borrower's part to be performed under any material contract or agreement to which Borrower is a party or by which it is bound if such breach bound, or that would have a materially adverse effect on the Property, any other security for the Loan, Premises or the financial condition ability of BorrowerBorrower or Guarantor to perform their obligations under the Security Documents or Guaranties.

Appears in 1 contract

Samples: Construction and Term Loan Agreement (Efficiency Lodge Inc)

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