Common use of Acceleration of Other Indebtedness Clause in Contracts

Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $500,000 or more of borrowed money becomes or is declared to be due and payable or required to be prepaid (other than by an originally scheduled prepayment) prior to the original maturity thereof.

Appears in 3 contracts

Samples: Loan Agreement (Angelica Corp /New/), Loan Agreement (Angelica Corp /New/), Loan Agreement (Angelica Corp /New/)

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Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $500,000 2,000,000 or more of borrowed money becomes or is declared to be due and payable or required to be prepaid (other than by an originally scheduled prepayment) prior to the original maturity thereofmaturity.

Appears in 2 contracts

Samples: Credit Facilities Agreement (Young Innovations Inc), Credit Agreement (Young Innovations Inc)

Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $500,000 250,000 in the aggregate or more of borrowed money is accelerated, or becomes or is declared to be due and payable or required to be prepaid (other than by an originally scheduled prepayment) prior to the original maturity thereof.

Appears in 1 contract

Samples: Credit Facilities Agreement (MTM Technologies, Inc.)

Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $500,000 in the aggregate or more of borrowed money is accelerated, or becomes or is declared to be due and payable or required to be prepaid (other than by an originally scheduled prepayment) prior to the original maturity Maturity thereof.

Appears in 1 contract

Samples: Credit Facilities Agreement (Gtsi Corp)

Acceleration of Other Indebtedness. Any Obligation of Borrower (other than a the Loan ObligationObligations) of a Covered Person for the repayment of $500,000 or more payment of borrowed money in an amount over $500,000 becomes or is declared to be due and payable or required to be prepaid (other than by an originally a regularly scheduled payment or prepayment) prior to the original maturity thereofthereof as a consequence of a default with respect thereto by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Labarge Inc)

Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $500,000 1,000,000 or more of borrowed money becomes or is declared to be due and payable or required to be prepaid (other than by an originally scheduled prepayment) prior to the original maturity thereof.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Group Inc)

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Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person in excess of $250,000 (other than the Loan Obligations) for the repayment of $500,000 or more payment of borrowed money becomes or is declared to be due and payable or required to be prepaid (other than by an originally a regularly scheduled prepayment) prior to the original maturity thereof.

Appears in 1 contract

Samples: Revolving and Term Loan Facility (Davel Communications Group Inc)

Acceleration of Other Indebtedness. Any Obligation of Borrower (other than a the Loan ObligationObligations) of a Covered Person for the repayment of $500,000 or more payment of borrowed money in an amount over $250,000 becomes or is declared to be due and payable or required to be prepaid (other than by an originally a regularly scheduled payment or prepayment) prior to the original maturity thereofthereof as a consequence of a default with respect thereto by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Intrav Inc)

Acceleration of Other Indebtedness. Any Obligation of Borrower (other than a the Loan ObligationObligations) of a Covered Person for the repayment of $500,000 or more payment of borrowed money in an amount over $5,000,000, becomes or is declared to be due and payable or required to be prepaid (other than by an originally a regularly scheduled payment or prepayment) prior to the original maturity thereof.

Appears in 1 contract

Samples: Loan Agreement (Insituform Technologies Inc)

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