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 $1,000,000 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 2 contracts

Samples: Credit Facilities Agreement (Pomeroy It Solutions Inc), Credit Facilities Agreement (Pomeroy Computer Resources Inc)

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Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $1,000,000 in the aggregate 200,000.00 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 2 contracts

Samples: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp)

Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $1,000,000 in the aggregate 500,000.00 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: Loan Agreement (Talx Corp)

Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person for the repayment of $1,000,000 in the aggregate 250,000 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 thereofmaturity.

Appears in 1 contract

Samples: Credit Facilities Agreement (Young Innovations Inc)

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Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person in an amount in excess of $2,500,000 (other than the Loan Obligations) for the repayment of $1,000,000 in the aggregate or more payment 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 a regularly scheduled prepayment) prior to the original maturity thereof.

Appears in 1 contract

Samples: Credit Agreement (Osullivan Industries Holdings Inc)

Acceleration of Other Indebtedness. Any Obligation (other than a Loan Obligation) of a Covered Person (other than the Loan Obligations) for the repayment of $1,000,000 in the aggregate or more payment 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 a regularly scheduled prepayment) prior to the original maturity thereof.

Appears in 1 contract

Samples: Loan Agreement (Young Innovations Inc)

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