Common use of Breach of Lease Clause in Contracts

Breach of Lease. (a) The occurrence of any event such that any Indebtedness of any Borrower in excess of $20,000,000.00 to any creditor other than the Administrative Agent or any Revolving Credit Lender could be accelerated (whether or not the subject creditor takes any action on account of such occurrence).

Appears in 2 contracts

Samples: Loan and Security Agreement (Officemax Inc /Oh/), Officemax Inc /Oh/

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Breach of Lease. (a) The occurrence of any event such that any Indebtedness of any Borrower in excess of $20,000,000.00 50,000.00 to any creditor other than the Administrative any Agent or any Revolving Credit Lender could be accelerated (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 (Mazel Stores Inc)

Breach of Lease. (a) The occurrence of any event such that any Indebtedness of any Borrower in excess of $20,000,000.00 10,000,000.00 to any creditor other than the Administrative Agent or any Revolving Credit Lender could be accelerated (whether or not the subject creditor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Claires Stores Inc

Breach of Lease. (a) The occurrence of any event such that any Indebtedness of any Borrower in excess of $20,000,000.00 300,000.00 to any creditor other than the Administrative any Agent or any Revolving Credit Lender could be accelerated (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 (Restoration Hardware Inc)

Breach of Lease. (a) The occurrence of any event such that any Indebtedness of any the Borrower in excess of $20,000,000.00 100,000 to any creditor other than the Administrative Agent or any Revolving Credit Lender could be accelerated (whether or not the subject creditor takes any action on account of such occurrence).

Appears in 1 contract

Samples: Loan and Security Agreement (RoomStore, Inc.)

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Breach of Lease. (a) The occurrence of any event such that any Indebtedness of any Borrower Loan Party in excess of $20,000,000.00 100,000.00 to any creditor other than the Administrative Agent or any Revolving Credit Lender could be accelerated (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 (Odd Job Stores Inc)

Breach of Lease. (a) The occurrence of any event such that any Indebtedness of any Borrower in excess of $20,000,000.00 100,000.00 to any creditor other than the Administrative any Agent or any Revolving Credit Lender could be accelerated (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 (Mazel Stores Inc)

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