Common use of Good Standing of Borrower Clause in Contracts

Good Standing of Borrower. Notwithstanding any provisions hereof or execution by Lender, this Amendment (and all documents executed in connection herewith) shall be voidable at the option of Lender in the event Borrower is not validly existing and under its state of formation at the time of execution of this Amendment.

Appears in 2 contracts

Samples: Loan and Security Agreement (Adamis Pharmaceuticals Corp), And Consolidation Agreement (Adamis Pharmaceuticals Corp)

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Good Standing of Borrower. Notwithstanding any provisions hereof or execution by Lender, this June 2018 Amendment (and all documents executed in connection herewith) shall be voidable at the option of Lender in the event Borrower is not validly existing and under its state of formation at the time of execution of this June 2018 Amendment.

Appears in 1 contract

Samples: Loan and Security Agreement (Adamis Pharmaceuticals Corp)

Good Standing of Borrower. Notwithstanding any provisions hereof or execution by Lender, this August 2020 Amendment (and all documents executed in connection herewith) shall be voidable at the option of Lender in the event Borrower is not validly existing and under its state of formation at the time of execution of this August 2020 Amendment.

Appears in 1 contract

Samples: And Assumption Agreement (Adamis Pharmaceuticals Corp)

Good Standing of Borrower. Notwithstanding any provisions hereof or execution by Lender, this March 2018 Amendment (and all documents executed in connection herewith) shall be voidable at the option of Lender in the event Borrower is not validly existing and under its state of formation at the time of execution of this March 2018 Amendment.

Appears in 1 contract

Samples: Loan and Security Agreement (Adamis Pharmaceuticals Corp)

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Good Standing of Borrower. Notwithstanding any provisions hereof or execution by Lender, this Amendment (and all documents executed in connection herewith) shall be voidable at the option of Lender in the event Borrower is not validly existing and under its state state, of formation at the time of execution of this Amendment.

Appears in 1 contract

Samples: Line of Credit Agreement and Note (Adamis Pharmaceuticals Corp)

Good Standing of Borrower. Notwithstanding any provisions hereof or execution by Lender, this March 2017 Amendment (and all documents executed in connection herewith) shall be voidable at the option of Lender in the event Borrower is not validly existing and under its state of formation at the time of execution of this March 2017 Amendment.

Appears in 1 contract

Samples: Loan and Security Agreement (Adamis Pharmaceuticals Corp)

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