Agreements with Others. (i) If Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00); or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Rti Surgical, Inc.)
Agreements with Others. (iA) If Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower (other than with a principal amount respect to the Obligations) in excess of Twenty Five Hundred Thousand and 00/100 Dollars ($500,000.00)25,000.00) in the aggregate; or (iiB) if Borrower otherwise defaults shall default under the terms of any such other Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 3 contracts
Samples: Loan Documents (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services, Inc.), Loan and Security Agreement (Newtek Business Services, Inc.)
Agreements with Others. (iA) If Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Twenty Five Hundred Thousand and 00/100 Dollars ($500,000.00)25,000.00) in the aggregate; or (iiB) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 2 contracts
Samples: Loan and Security Agreement (Newtek Business Services Inc), Loan and Security Agreement (Newtek Business Services Inc)
Agreements with Others. (i) If if any Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of any Borrower with a principal amount in excess of Five One Hundred Thousand and 00/100 Dollars ($500,000.00)100,000) in the aggregate; or (ii) if any Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of any Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or
Appears in 2 contracts
Samples: Loan and Security Agreement (Amerinac Holding Corp.), Loan and Security Agreement (Amerinac Holding Corp.)
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00); 250,000 in the aggregate, or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness Indebtedness, if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s 's obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 1 contract
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00)250,000, in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s 's obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or
Appears in 1 contract
Agreements with Others. (i) If if Borrower or any Subsidiary Guarantor shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00)500,000) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s or any such Subsidiary Guarantor’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or
Appears in 1 contract
Samples: Loan and Security Agreement (Resource America, Inc.)
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five One Hundred Thousand and 00/100 Dollars ($500,000.00)100,000) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or
Appears in 1 contract
Samples: Loan and Security Agreement (Western Acquisition Ventures Corp.)
Agreements with Others. (i) If if Borrower or any Subsidiary Guarantor shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00)500,000) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s 's or any such Subsidiary Guarantor's obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or
Appears in 1 contract
Agreements with Others. (i) If if either Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of such Borrower with a principal amount in excess of Twenty Five Hundred Thousand and 00/100 Dollars ($500,000.00)25,000.00) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of such Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 1 contract
Samples: Loan and Security Agreement (Newtek Business Services Inc)
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five One Hundred Fifty Thousand and 00/100 Dollars ($500,000.00)150,000) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 1 contract
Samples: Loan and Security Agreement (KeyStone Solutions, Inc.)
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Twenty Five Hundred Thousand and 00/100 Dollars ($500,000.00)25,000.00) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 1 contract
Samples: Loan and Security Agreement (Newtek Business Services Inc)
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Fifty Thousand and 00/100 Dollars ($500,000.00)50,000.00) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 1 contract
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Thousand and 00/100 One Million Dollars ($500,000.00)1,000,000) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 1 contract
Samples: Loan and Security Agreement (Colony Rih Holdings Inc)
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five Hundred Ten Thousand and 00/100 Dollars ($500,000.00)10,000) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or
Appears in 1 contract
Samples: Loan and Security Agreement (Point Therapeutics Inc)
Agreements with Others. (i) If if Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower with a principal amount in excess of Five One Hundred Thousand and 00/100 Dollars ($500,000.00)100,000) in the aggregate; or (ii) if Borrower otherwise defaults under the terms of any such Indebtedness if the effect of any such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s 's obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment; or;
Appears in 1 contract
Samples: Loan and Security Agreement (WPCS International Inc)