Common use of Agreements with Others Clause in Contracts

Agreements with Others. if Borrowers, or any of them, shall default beyond any grace period under any agreement with respect to any Indebtedness or Subordinated Debt and (i) in the case of Indebtedness in excess of $100,000, such default consists of the failure to pay any principal, premium or interest with respect to such Indebtedness or (ii) such default consists of the failure to perform any covenant or agreement with respect to such Indebtedness, if the effect of such default is to cause or permit such Indebtedness to become due prior to its maturity date or prior to its regularly scheduled date of payment;

Appears in 2 contracts

Samples: Credit Agreement (Clarient, Inc), Credit Agreement (Clarient, Inc)

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Agreements with Others. if Borrowers, or any of them, Borrower shall default beyond any grace period under any agreement with in respect to of any Indebtedness or Subordinated Debt for borrowed money in an amount in excess of $250,000 and (i) in the case of Indebtedness in excess of $100,000, such default consists of the failure to pay any principal, premium or interest with respect to such Indebtedness Indebtedness, or (ii) such default consists of the failure to perform any covenant or agreement with respect to such Indebtedness, in each case, if the effect of such default is to cause or permit such Indebtedness Borrowers’ obligations which are the subject thereof to become due prior to its the scheduled maturity date or prior to its the regularly scheduled date of payment;; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Providence Service Corp), Loan and Security Agreement (Providence Service Corp)

Agreements with Others. if Borrowers, or any of them, For-Profit Borrower shall default beyond any grace period under any agreement with in respect to of any Indebtedness or Subordinated Debt for borrowed money in an amount in excess of $250,000 and (i) in the case of Indebtedness in excess of $100,000, such default consists of the failure to pay any principal, premium or interest with respect to such Indebtedness Indebtedness, or (ii) such default consists of the failure to perform any covenant or agreement with respect to such Indebtedness, in each case, if the effect of such default is to cause or permit such Indebtedness Borrowers' obligations which are the subject thereof to become due prior to its the scheduled maturity date or prior to its the regularly scheduled date of payment;; or

Appears in 1 contract

Samples: Loan and Security Agreement (Providence Service Corp)

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Agreements with Others. if Borrowers, or any of them, Borrower shall default beyond any grace period under any agreement with respect any creditor for borrowed money or in connection with any Securitization Transaction, each in an amount equal to any Indebtedness or Subordinated Debt greater than $250,000 and (i) in the case of Indebtedness in excess of $100,000, such default consists of the failure to pay any principal, premium or interest with respect to such Indebtedness indebtedness or (ii) such default consists of the failure to perform any covenant or agreement with respect to such Indebtednessindebtedness, if the effect of such default is to cause or permit such Indebtedness Borrower's obligations which are the subject thereof to become due prior to its maturity date or prior to its regularly scheduled date of payment;payment or would entitle such creditor to accelerate such obligations; or

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America Inc)

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