Common use of Insecurity Clause in Contracts

Insecurity. You determine in good faith that a material adverse change has occurred in Borrower's financial condition from the conditions set forth in Borrower's most recent financial statement before the date of this Agreement or that the prospect for payment or performance of the Loan is impaired for any reason.

Appears in 5 contracts

Samples: Commercial Loan Agreement (Widepoint Corp), Commercial Loan Agreement (Eldorado Artesian Springs Inc), Number Agreement (Widepoint Corp)

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Insecurity. You determine in good faith that a material adverse change has occurred in Borrower's ’s financial condition from the conditions set forth in Borrower's ’s most recent financial statement before the date of this Agreement or that the prospect for payment or performance of the Loan Secured Debts is impaired for any reason.

Appears in 3 contracts

Samples: Security Agreement (ProUroCare Medical Inc.), Security Agreement (Golsen Jack E), LSB Industries Inc

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Insecurity. You determine in good faith that a material adverse change has occurred in Borrower's ’s financial condition from the conditions set forth in Borrower's ’s most recent financial statement before the date of this Agreement or that the prospect for payment or performance of the Loan is impaired for any reason.

Appears in 3 contracts

Samples: Commercial Loan Agreement (Red Mountain Resources, Inc.), Loan Number (Eldorado Artesian Springs Inc), Loan Number (Eldorado Artesian Springs Inc)

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