Agreements with Others. if any Borrower shall default beyond any grace period under any agreement in respect of any Indebtedness for borrowed money in an amount in excess of $250,000 and (i) 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, in each case, if the effect of such default is to cause or permit such Borrowers’ obligations which are the subject thereof to become due prior to the scheduled maturity date or prior to 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 Borrower of them, shall default beyond any grace period under any agreement in with respect of to any Indebtedness for borrowed money or Subordinated Debt and (i) in an amount the case of Indebtedness in excess of $250,000 and (i) 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 Borrowers’ obligations which are the subject thereof Indebtedness to become due prior to the scheduled its maturity date or prior to the its regularly scheduled date of payment; or;
Appears in 2 contracts
Samples: Credit Agreement (Clarient, Inc), Credit Agreement (Clarient, Inc)
Agreements with Others. if any Borrower shall default beyond any grace period under any agreement in respect of with any Indebtedness creditor for borrowed money or in connection with any Securitization Transaction, each in an amount in excess of equal to or greater than $250,000 and (i) 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 caseindebtedness, if the effect of such default is to cause or permit such Borrowers’ Borrower's obligations which are the subject thereof to become due prior to the scheduled its maturity date or prior to the its regularly scheduled date of paymentpayment or would entitle such creditor to accelerate such obligations; or
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Agreements with Others. if any For-Profit Borrower shall default beyond any grace period under any agreement in respect of any Indebtedness for borrowed money in an amount in excess of $250,000 and (i) 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, in each case, if the effect of such default is to cause or permit such Borrowers’ ' obligations which are the subject thereof to become due prior to the scheduled maturity date or prior to the regularly scheduled date of payment; or
Appears in 1 contract
Samples: Loan and Security Agreement (Providence Service Corp)