Common use of Breach of Lease Clause in Contracts

Breach of Lease. The occurrence of any event such that any Indebtedness of the Borrower in excess of $500,000 to any creditor other than the Agent or any Revolving Credit Lender is accelerated or, without the consent of the Borrower, any Lease with annual rentals in excess of $500,000 is terminated.

Breach of Lease. The occurrence of any event such that any Indebtedness of the any Borrower in excess of $500,000 5 Million to any creditor other than the Agent or any Revolving Credit Lender is could be accelerated or, without the consent of the any Borrower, any Lease Leases with annual rentals in excess monthly base rent aggregating not less than $200,000.00 could be terminated prior to their stated termination date (whether or not the subject creditor or lessor takes any action on account of $500,000 is terminatedsuch occurrence).