Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 30 contracts
Samples: Business Loan Agreement (Eaco Corp), Business Loan Agreement (Coast Financial Holdings Inc), Business Loan Agreement (Qad Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 28 contracts
Samples: Loan Agreement (Charge Enterprises, Inc.), Business Loan Agreement (Rdo Equipment Co), Business Loan Agreement (Deja Foods Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty guaranty of the Indebtednessindebtedness evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 5 contracts
Samples: Commercial Security Agreement (Amphastar Pharmaceuticals, Inc.), Business Loan Agreement (Seawright Holdings Inc), Promissory Note (Macc Private Equities Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtednessindebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 4 contracts
Samples: Business Loan Agreement (Gta-Ib, LLC), Business Loan Agreement (U.S. Auto Parts Network, Inc.), Business Loan Agreement (Ddi Corp)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty guaranty of the Indebtednessindebtedness evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 3 contracts
Samples: Business Loan Agreement (Flotek Industries Inc/Cn/), Business Loan Agreement (Vicor Technologies, Inc.), Change in Terms Agreement (Flotek Industries Inc/Cn/)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the IndebtednessIndebtedness evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 3 contracts
Samples: Change in Terms Agreement (Synergetics Usa Inc), Change in Terms Agreement (Portfolio Recovery Associates Inc), Change in Terms Agreement (Medicalcv Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtednessindebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any the Event of Default.
Appears in 2 contracts
Samples: Business Loan Agreement (Nu Wave Health Products Inc), Business Loan Agreement (Human Pheromone Sciences Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness Indebtedness, or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, may but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any the Event of Default.
Appears in 2 contracts
Samples: Loan Agreement (Pacific Aerospace & Electronics Inc), Loan Agreement (Pacific Aerospace & Electronics Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty guaranty of the Indebtednessindebtedness evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, and in doing so, cure any Event of Default.
Appears in 1 contract
Samples: Aircraft Security Agreement (Skyway Communications Holding Corp)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, may but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any the Event of Default.
Appears in 1 contract
Samples: Loan Agreement (Balance Bar Co)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtednessindebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 1 contract
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability underliability, under any Guaranty of the IndebtednessIndebtedness evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 1 contract
Samples: Change in Terms Agreement (Portfolio Recovery Associates Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetentIncompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s Guarantors estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 1 contract
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any the Event of Default.
Appears in 1 contract
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the GuarantorGuarantor ’s estate to assume unconditionally the obligations arising ar ising under the guaranty in a manner satisfactory to LenderLender , and, in doing so, cure any Event of Default.
Appears in 1 contract
Samples: Business Loan Agreement (Shells Seafood Restaurants Inc)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, Lender and in doing so, cure any Event of Default.
Appears in 1 contract
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness indebtedness or any Guarantor dies or becomes incompetent, incompetent or revokes or disputes the validity of, of or liability under, under any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, may but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 1 contract
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its optionopinion, may, may but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any the Event of Default.
Appears in 1 contract
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner mariner satisfactory to Lender, and, in doing so, cure any Event of Default.
Appears in 1 contract
Samples: Construction Loan Agreement
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of or any of the Indebtedness indebtedness or any Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty guaranty of the Indebtednessindebtedness evidenced by this Note. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, andan, in doing so, cure any Event of Default.
Appears in 1 contract
Samples: Change in Terms Agreement (Gabriel Technologies Corp)
Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any Guarantor dies or becomes incompetentIncompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. In the event of a death, Lender, at its option, may, but shall not be required to, permit the Guarantor’s 's estate to assume unconditionally the obligations arising under the guaranty in a manner satisfactory to Lender, and, in doing so, cure any the Event of Default.
Appears in 1 contract
Samples: Loan Agreement (Hadron Inc)
