Deemed Insecure. Lender, at any time and in good faith, shall deem itself insecure and for the purposes of this Agreement, Lender shall be entitled to deem itself insecure when some event occurs, fails to occur or is threatened or some objective condition exists or is threatened which significantly impairs the prospects that any of the Obligations will be paid when due, or which significantly affects the financial or business condition of Borrower.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Oragenics Inc), Revolving Credit Agreement (Oragenics Inc)
Deemed Insecure. Lender, at any time and in good faith, shall --------------- deem itself insecure (and for the purposes of this Agreement, Lender shall be entitled to deem itself insecure when some event occurs, fails to occur or of is threatened or some objective condition exists or is threatened which significantly impairs the prospects that any of the Obligations will be paid when due, or which significantly affects the financial or business condition of Borrower).
Appears in 2 contracts
Samples: Loan Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust), Negative Pledge and Agreement (Hooker Furniture Corp)
Deemed Insecure. Lender, at any time and in good faith, shall deem itself insecure (and for the purposes of this Agreement, Lender shall be entitled to deem itself insecure when any Guarantor terminates a Guarantee, or when some event occurs, fails to occur or is threatened or some objective condition exists or is threatened which significantly impairs the prospects that any of the Obligations will be paid when due, which significantly impairs the value of the Collateral to Lender or which significantly affects the financial or business condition of Borrower).
Appears in 2 contracts
Samples: Loan Agreement (SouthPeak Interactive CORP), Loan Agreement (SouthPeak Interactive CORP)
Deemed Insecure. Lender, at any time and in good faith, shall deem itself insecure (and for the purposes of this Agreement, Lender shall be entitled to deem itself insecure when some event occurs, fails to occur occur, or is threatened or some objective condition exists or is threatened which significantly materially impairs the prospects that any of the Obligations will not be paid when due, or which significantly materially affects the financial or business condition or results of operations of the Borrower).
Appears in 1 contract
Samples: Credit Loan Agreement (Wma Corp)
