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Notwithstanding anything in any
agreement to the contrary, the Financial Corporation may, by notice in writing, require any industrial
concern to which it has granted any loan or advance to discharge forthwith in full its liabilities to the
Financial Corporation,--
(a) if it appears to the Board that false or misleading information in any material particular was
given by the industrial concern in its application for the loan or advance; or
(b) if the industrial concern has failed to comply with the terms of its contract with the Financial
Corporation in the matter of the loan or advance; or
(c) if there is a reasonable apprehension that the industrial concern is unable to pay its debts or
that proceedings for liquidation may be commenced in respect thereof; or
(d) if the property pledged, mortgaged, hypothecated or assigned to the Financial Corporation as
security for the loan or advance is not insured and kept insured by the industrial concern to the
satisfaction of the Financial Corporation or depreciates in value to such an extent that, in the opinion of the Board, further security to the satisfaction of the Board should be given and such security is not
given; or
(e) if, without the permission of the Board, any machinery, plant or other equipment, whether
forming part of the security or otherwise, is removed from the premises of the industrial concern
without being replaced; or
(f) if for any reason it is necessary to protect the interests of the Financial Corporation.
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