Common use of Material Effect Clause in Contracts

Material Effect. Borrower will transmit to Lender, immediately upon receipt thereof, any communication which could materially affect Lender’s security for the Loan or have a material adverse effect on the Premises, the Improvements, or the Project, the financial condition of Borrower and will promptly respond fully to any inquiry of Lender made with respect thereto.

Appears in 1 contract

Sources: Construction Loan Agreement (Ammo, Inc.)

Material Effect. Borrower will transmit to Lender, immediately upon receipt thereof, any communication which could materially affect Lender’s 's security for the Loan or have a material adverse effect on the Premises, the Improvements, or the Project, the financial condition of Borrower or any Guarantor and will promptly respond fully to any inquiry of Lender made with respect thereto.

Appears in 1 contract

Sources: Construction Loan Agreement (Bluegreen Corp)