Common use of Termination of Business Clause in Contracts

Termination of Business. if Borrower ceases any material portion of its business operations as presently conducted; or

Appears in 10 contracts

Samples: Loan and Security Agreement (WPCS International Inc), Loan and Security Agreement (Resource America Inc), Loan and Security Agreement ('Mktg, Inc.')

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Termination of Business. if If Borrower ceases any material portion of its business operations as presently conducted; or

Appears in 7 contracts

Samples: Loan Documents (Newtek Business Services Corp.), Loan Agreement (Rti Surgical, Inc.), Loan and Security Agreement (Newtek Business Services Inc)

Termination of Business. if Borrower ceases Borrowers, or any of them, cease any material portion of its their business operations as presently conducted; orconducted or any Borrower fails to generally meet its debts as those debts mature;

Appears in 3 contracts

Samples: Credit Agreement (Clarient, Inc), Credit Agreement (Prospect Medical Holdings Inc), Credit Agreement (Clarient, Inc)

Termination of Business. if If any Borrower ceases any material portion shall terminate the operation of its business operations as presently conducted; orbusiness, or materially change the manner of operation of such business.

Appears in 3 contracts

Samples: Loan Agreement (Pioneer Railcorp), Loan Agreement (Pioneer Railcorp), Security Agreement (Pioneer Railcorp)

Termination of Business. if any Borrower ceases any material portion of its business operations as presently conducted; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Amerinac Holding Corp.), Loan and Security Agreement (Amerinac Holding Corp.)

Termination of Business. if Borrower ceases any material portion of its business operations as presently conducted, or if any Subsidiary Guarantor ceases any material portion of its business operations as presently conducted except in the ordinary course its business following written notice to Lender; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Resource America, Inc.), Loan and Security Agreement (Resource America Inc)

Termination of Business. if If Borrower ceases any material portion of its business operations as presently conducted; oror (q)

Appears in 2 contracts

Samples: Loan and Security Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services Corp.)

Termination of Business. if A Borrower ceases any material portion of its business operations as presently conducted; or.

Appears in 2 contracts

Samples: Loan Agreement (RCM Technologies Inc), Loan Agreement (RCM Technologies, Inc.)

Termination of Business. if If Borrower ceases any material portion of its business operations as presently conducted; orconducted or Borrower fails to generally meet its debts as those debts mature;

Appears in 2 contracts

Samples: Credit Agreement (Assisted 4 Living, Inc.), Credit Agreement (Enzo Biochem Inc)

Termination of Business. if any Borrower ceases any material ----------------------- portion of its business operations as presently conducted; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc), Loan and Security Agreement (Opinion Research Corp)

Termination of Business. if If Borrower ceases any material portion of its business operations as presently conducted; or;

Appears in 1 contract

Samples: Term Loan and Security Agreement (Global Medical REIT Inc.)

Termination of Business. if the Borrower ceases any material portion of its business operations as presently conducted; or

Appears in 1 contract

Samples: Loan and Security Agreement (RCM Technologies Inc)

Termination of Business. if Borrower or any of its Subsidiaries ceases any material portion of its business operations as presently conducted; or

Appears in 1 contract

Samples: Loan and Security Agreement (Lakeland Industries Inc)

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Termination of Business. if Borrower ceases any material portion of its business operations as presently conducted; or

Appears in 1 contract

Samples: Revolving Loan Agreement (Harris & Harris Group Inc /Ny/)

Termination of Business. if Borrower or any Obligor ceases any material portion of its business operations that is material to the business operations of the Obligors taken as presently conducteda whole; or

Appears in 1 contract

Samples: Loan and Security Agreement (Office Centre Corp)

Termination of Business. if Borrower ceases any material portion of its business operations as presently conductedconducted for a period of more than ten (10) consecutive Business Days unless Borrower is entitled to receive proceeds of business interruption insurance in connection therewith; or

Appears in 1 contract

Samples: Loan Agreement (Lightpath Technologies Inc)

Termination of Business. if Borrower ceases any material portion of its business operations as presently conductedconduct-ed; or

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America Inc)

Termination of Business. if a Borrower ceases any material portion of its business operations as presently conducted; or

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

Termination of Business. if Borrower ceases any material portion of its business operations as presently conductedconduct ed; or

Appears in 1 contract

Samples: Loan and Security Agreement (Granite Financial Inc)

Termination of Business. if The Borrower or its Parent ceases any material portion of its business operations as presently conducted; or.

Appears in 1 contract

Samples: Loan and Security Agreement (IEG Holdings Corp)

Termination of Business. if Borrower ceases If Borrowers, or any of them, cease any material portion of its their business operations as presently conducted; orconducted or any Borrower fails to generally meet its debts as those debts mature;

Appears in 1 contract

Samples: Credit Agreement (Adcare Health Systems, Inc)

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