Common use of Breach of Lease Clause in Contracts

Breach of Lease. The occurrence of any event such that any Indebtedness of any Borrower to any creditor other than the Agent or any Revolving Credit Lender could be accelerated or, without the consent of any Borrower, any Lease (other than of a Seasonal Store) could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Loan Agreement (World of Science Inc)

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Breach of Lease. The occurrence of any event such that any Indebtedness of any Borrower to any creditor other than the Agent or any Revolving Credit Lender could be accelerated or, without the consent of any Borrower, any Lease (other than of a Seasonal Store) could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Inc)

Breach of Lease. The occurrence of any event such that any Indebtedness of any Borrower in excess of $200,000 in the aggregate to any creditor other than the Agent or any Revolving Credit Lender could be accelerated or, without the consent of any Borrower, any Capital Lease (other than of a Seasonal Store) could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Loan Agreement (Lojack Corp)

Breach of Lease. The occurrence of any event such that any Indebtedness of any the Borrower in excess of $250,000.00 in the aggregate to any creditor other than the Agent or any Revolving Credit Lender could be accelerated or, without the consent of any the Borrower, any more than one Lease (other than of a Seasonal Store) could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence)is terminated.

Appears in 1 contract

Samples: Loan and Security Agreement (Harrys Farmers Market Inc)

Breach of Lease. The occurrence of any event such that any Indebtedness of any Borrower to any creditor other than the Agent or any Revolving Credit Lender in excess of $250,000.00 in the aggregate, could be accelerated or, without the consent of any Borrower, any Lease (other than of a Seasonal Store) could be is terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Loan and Security Agreement (Dreams Inc)

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Breach of Lease. The occurrence of any event such that any Indebtedness of any Borrower in excess of $1,000,000.00 to any creditor other than the Agent or any Revolving Credit Lender could be accelerated or, without the consent of any Borrower, any Lease (other than of a Seasonal Store) could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Loan and Security Agreement (Phar Mor Inc)

Breach of Lease. The occurrence of any event such that any Indebtedness of any the Borrower to any creditor other than the Agent or any Revolving Credit Lender in excess of $200,000.00 could be accelerated (including, without limitation, under the Term Loan) or, without the consent of any the Borrower, any Lease (other than of a Seasonal Store) with annual payments in the aggregate amount exceeding $200,000.00 could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Revolving Credit Facility (Sun Television & Appliances Inc)

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