Certain Other Defaults. Xxxxxx shall fail to pay when due any Indebtedness for Borrowed Money which singularly or in the aggregate exceeds $5,000,000, and such failure shall continue beyond any applicable cure period, or Xxxxxx shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Indebtedness for Borrowed Money if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $5,000,000) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, provided that during any applicable cure period the Bank's obligations hereunder to make further Loans shall be suspended.
Certain Other Defaults. Any Borrower, any Subsidiary of any Borrower or the Borrowers as a group shall fail to pay when due any Indebtedness for Borrowed Money which singularly or in the aggregate exceeds $250,000, and such failure shall continue beyond any applicable cure period, or any Borrower, any Subsidiary of any Borrower or the Borrowers as a group shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Indebtedness for Borrowed Money if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $250,000) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, provided that during any applicable cure period the Banks' obligations hereunder to make further Loans shall be suspended. Notwithstanding anything to the contrary in the immediately preceding sentence, it shall not be an Event of Default hereunder for a Borrower or a Subsidiary of a Borrower to fail to pay when due any Indebtedness for Borrowed Money so long as such Borrower or such Subsidiary is contesting in good faith through litigation its obligation to pay such Indebtedness for Borrowed Money; provided, however, that if the aggregate amount of any Indebtedness for Borrowed Money contested by a Borrower, the Subsidiary or the Borrowers as a group exceeds $250,000, such Borrower (for itself and its Subsidiaries) or Borrowers, as applicable, shall be required to post a bond equal to the amount that such Indebtedness for Borrowed Money exceeds $250,000.
Certain Other Defaults. If Borrower or any Subsidiary shall fail to pay when due any Indebtedness for Borrowed Money which singularly or in the aggregate exceeds $1,000,000, and such failure shall continue beyond any applicable cure period, or Borrower or any Subsidiary shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Indebtedness for Borrowed Money, if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $1,000,000) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, provided that during any applicable cure period the Banks' obligations hereunder to make further Loans or issue Letters of Credit shall be suspended;
Certain Other Defaults. Any Hxxx Company or any Subsidiary of any Hxxx Company shall fail to pay when due any Indebtedness for Borrowed Money, which singularly or in the aggregate exceeds $1,000,000, and such failure shall continue beyond any applicable cure period, or any the Hxxx Company or any Subsidiary of any Hxxx Company shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Indebtedness for Borrowed Money if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $1,000,000) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, provided that during any applicable cure period the Bank's obligations hereunder to make further Loans shall be suspended.
Certain Other Defaults. (1) AeroCentury shall fail to pay when due any Recourse Funded Debt which singularly exceeds $250,000, or in the aggregate exceeds $250,000, and such failure shall continue beyond any applicable cure period, or (2) AeroCentury shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Recourse Funded Debt if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $250,000 in any individual case or $250,000 in the aggregate) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, or (3) any default shall exist under any Swap Agreement; provided that during any applicable cure period the Banks' obligations hereunder to make further Loans shall be suspended.
Certain Other Defaults. The Borrower or any Restricted Subsidiary shall fail to pay when due any Indebtedness for Borrowed Money which singularly or in the aggregate exceeds $3,000,000, and such failure shall continue beyond any applicable cure period, or the Borrower or a Restricted Subsidiary shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Indebtedness for Borrowed Money which singularly or in the aggregate exceeds $3,000,000 if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $3,000,000) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, provided that during any applicable cure period the Lender's obligations hereunder to make further Loans shall be suspended.
Certain Other Defaults. (1) AeroCentury shall fail to pay when due any Indebtedness for Borrowed Money which singularly exceeds $250,000, or in the aggregate exceeds $250,000, and such failure shall continue beyond any applicable cure period, or (2) AeroCentury shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Indebtedness for Borrowed Money if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $250,000 in any individual case or $250,000 in the aggregate) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, or (3) any default shall exist under any Swap Agreement; provided that during any applicable cure period the Banks' obligations hereunder to make further Loans shall be suspended."
Certain Other Defaults. 30 (f) Judgments ..................................................30 (g) Attachments ................................................30
Certain Other Defaults. Jevic shall fail to pay when due any Indebtedness for Borrowed Money which singularly or in the aggregate exceeds $250,000, and such failure shall continue beyond any applicable cure period, or Jevic shall suffer to exist any default or event of default in the performance or observance, subject to any applicable grace period, of any agreement, term, condition or covenant with respect to any agreement or document relating to Indebtedness for Borrowed Money if the effect of such default is to permit, with the giving of notice or passage of time or both, the holders thereof, or any trustee or agent for said holders, to terminate or suspend any commitment (which is equal to or in excess of $250,000) to lend money or to cause or declare any portion of any borrowings thereunder to become due and payable prior to the date on which it would otherwise be due and payable, provided that during any applicable cure period the Bank's obligations hereunder to make further Loans shall be suspended.
Certain Other Defaults. 28 (f) Judgments.........................................................................................28 (g) Attachments........................................................................................28 (h) Change in Control..................................................................................28 (i) Security Interests................................................................................28 (j) Receivables Purchase Agreement....................................................................28 (k) Material Adverse Change............................................................................29
