Material Impairment. Any event shall occur which shall reasonably cause MLBFS to in good faith believe that the prospect of full payment or performance by Customer or any Guarantor of any of their respective liabilities or obligations under this Loan Agreement or any of the Additional Agreements to which Customer or such Guarantor is a party has been materially impaired.
Appears in 4 contracts
Samples: Loan Agreement (Cd Warehouse Inc), Loan Agreement (Genesis Media Group Inc /De/), Security Agreement (Lakeland Industries Inc)
Material Impairment. Any event shall occur which shall reasonably cause MLBFS to in good faith believe that the prospect of full payment or performance by Customer or any Guarantor of any of their respective liabilities or obligations under this Loan Agreement or any of the Additional Agreements to which Customer or such Guarantor is a party has been materially impaired.
Appears in 3 contracts
Samples: Loan and Security Agreement (American Eco Corp), Loan and Security Agreement (Barbeques Galore LTD), Note and Loan Agreement (Skymall Inc)
Material Impairment. Any event shall occur which shall reasonably cause MLBFS to in good faith believe that the prospect of full payment or of performance by Customer or any Guarantor of any of their respective liabilities or obligations under this Loan Agreement or Agreement, the Term WCMA Note of any of the other Additional Agreements to which Customer or such Guarantor is a party has been materially impaired.
Appears in 1 contract
Material Impairment. Any event shall occur which shall reasonably cause MLBFS to in good faith believe that the prospect of full payment or performance by Customer or any Guarantor of any of their respective liabilities or obligations under this Loan Agreement Agreement, the Term WCMA Note or any of the other Additional Agreements to which Customer or such Guarantor is a party has been materially impaired.
Appears in 1 contract
Material Impairment. Any event shall occur which shall reasonably cause MLBFS to in good faith believe that the prospect of full payment or performance by Customer or any Guarantor of any of their respective liabilities or obligations under this Loan Agreement or any of the Additional Agreements to which Customer or such Guarantor is a party has been materially impaired. The existence of such a material impairment shall be determined in a manner consistent with the intent of Section 1-20B of the UCC.
Appears in 1 contract
Material Impairment. Any event shall occur which shall reasonably cause MLBFS to in good faith believe that the prospect of full payment or performance by Customer or any Guarantor of any of their respective its liabilities or obligations under this Loan Agreement or any of the Additional Agreements to which Customer or such Guarantor is a party has been materially impaired.
Appears in 1 contract
Samples: Note, Loan and Security Agreement (Faro Technologies Inc)
