Insecurity. The Department shall deem itself insecure in good faith and reasonably believes, after consideration of all the facts and circumstances then existing, that the prospect of payment and satisfaction of the obligations under this Agreement, or the performance of or observance of the covenants in this Agreement, or the value of its collateral is or will be materially impaired.
Appears in 6 contracts
Sources: Loan/Forgivable Loan Agreement (Western Iowa Energy, L.L.C.), Loan/Forgivable Loan Agreement (Golden Grain Energy), Loan Agreement (Lincolnway Energy, LLC)
Insecurity. The If the Department shall deem itself insecure in good faith and reasonably believes, after consideration of all the facts and circumstances then existing, that the prospect of payment and satisfaction of the obligations under this Agreement, or the performance of or observance of the covenants in this Agreement, or the value of its collateral is or will be materially impaired.
Appears in 2 contracts
Sources: Loan Agreement (Bioforce Nanosciences Holdings, Inc.), Piap Loan Agreement (Hydrogen Engine Center, Inc.)
Insecurity. The Department shall deem itself insecure in good faith and reasonably believes, after consideration of all the facts and circumstances then existing, that the prospect of payment and satisfaction of the obligations under this Agreement, or the performance of or observance of the covenants in this Agreement, or the value of its collateral is or will be materially impaired.
Appears in 1 contract
Sources: Grant Agreement