Common use of Change in Condition Clause in Contracts

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's security or ability of Borrower to discharge its obligations hereunder or which impairs the rights of Lender in such Collateral.

Appears in 7 contracts

Samples: Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp), Loan and Security Agreement (Emagin Corp)

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Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's security or the ability of Borrower to discharge its obligations hereunder or any other Loan Document or which impairs the rights of Lender in such the Collateral.

Appears in 4 contracts

Samples: Loan and Security Agreement (Youngevity International, Inc.), Loan and Security Agreement (Greenwood Hall, Inc.), Loan and Security Agreement (Elio Motors, Inc.)

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower whichor of any endorser, guarantor of Borrower or surety for the liability of Borrower to Lender which in the reasonable opinion of Lender, Lender impairs Lender's security or ability of Borrower to discharge increases its obligations hereunder or which impairs the rights of Lender in such Collateral.risk;

Appears in 3 contracts

Samples: Loan Security and Service Agreement (Auto Underwriters of America, Inc.), Loan, Security and Service Agreement (Thatlook Com Inc/Nv), Security and Service Agreement (Easy Money Holding Corp)

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, has a Material Adverse Effect or impairs Lender's security or ability of Borrower to discharge its obligations hereunder or any other Loan Document or which impairs the rights of Lender in such Borrower’s Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Mint Leasing Inc)

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's ’s security or the ability of Borrower to discharge its obligations hereunder or any other Loan Document or which impairs the rights of Lender in such the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (BTHC X Inc)

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of LenderXxxxxx, impairs Lender's ’s security or the ability of Borrower to discharge its obligations hereunder or any other Loan Document or which impairs the rights of Lender in such the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (1847 Holdings LLC)

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's ’s security or ability of Borrower to discharge its obligations hereunder or any other Loan Document or which impairs the rights of Lender in such Borrower’s Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Jagged Peak, Inc.)

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Change in Condition. There occurs any event or a material and adverse change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's security or ability of Borrower to discharge increases its obligations hereunder or which impairs the rights of Lender in such Collateral.risk;

Appears in 1 contract

Samples: Loan and Security Agreement (Programmers Paradise Inc)

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's security or ability of Borrower to discharge its obligations hereunder or any other Loan Document or which impairs the rights of Lender in such Borrower’s Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Reeds Inc)

Change in Condition. There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's security or the ability of Borrower to discharge its obligations hereunder or any other Loan Document or which impairs the rights of Lender in such Borrower’s Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Valence Technology Inc)

Change in Condition. There occurs any event or a ------------------- any change in the condition or affairs, financial or otherwise, of the Borrower or of any Guarantor which, in the reasonable opinion of the Lender, impairs the Lender's , s security or ability of the Borrower or any Guarantor to discharge its obligations obligation hereunder or which impairs the rights of Lender in such Collateral.

Appears in 1 contract

Samples: Credit and Security Agreement (Cadapult Graphic Systems Inc)

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