Common use of CESSATION OF ADVANCES Clause in Contracts

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower has with Lender; (B) Borrower becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudicated bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, or in the value of any Collateral securing any Loan; or (D) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to BorrowerBorrowers, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A1) Borrower is Any of the Borrowers are in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower any of Borrowers has with Lender; (B2) Borrower Any of the Borrowers dissolves or terminates its business, becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudicated adjudged a bankrupt; (C3) there occurs a material adverse change in Borrower’s any of Borrowers’ financial conditionconditions, or in the value of any Collateral securing any Loan; or (D4) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower has with Lender; (B) Borrower becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudicated adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, or in the value BUSINESS LOAN AGREEMENT of any Collateral securing any Loan; or (D) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds ifif : (A) Borrower is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower has with Lender; (B) Borrower becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudicated adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, condition or in the value of any Collateral securing any Loan; or (D) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower is in default under the terms term of this Agreement or any of the Related Documents or any other agreement that Borrower has with Lender; (Bb) Borrower becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudicated adjudged as bankrupt; (Cc) there occurs a material adverse change in Borrower’s financial condition, condition or in the value of any Collateral securing any Loan; or (De) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower has with Lender; (B) Borrower becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudicated adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, condition or in the value of any Collateral securing any Loan; or (D) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.