Debt Default. The Charter School shall promptly notify the School Board of a default on any obligation including debts for which payments are past due by sixty (60) days or more.
Debt Default. Any Contran Company breaches or is in default under any agreement, instrument, or similar contractual undertaking for the repayment of funded debt in excess of $5,000,000 or does not pay any trade account payables which is material or essential to its business, other than those where the amount or validity is being contested in good faith and by appropriate means, in the ordinary course of business;
Debt Default. The public announcement that the Company has defaulted or intends to default on its debt, or intends to engage in a debt restructuring.
Debt Default. ................................................................................. 52 3.24 No Default Caused................................................................................. 52 3.25 Burdensome Provisions, Etc........................................................................ 52
Debt Default. Except as disclosed in Schedule 3.23, neither the Borrower nor any of its Subsidiaries is in default or breach under any instrument evidencing any Indebtedness in an aggregate principal amount greater than Cdn. $5,000,000 (or its US Dollar equivalent) or under the terms of any instrument pursuant to which an instrument evidencing any Indebtedness in an aggregate principal amount greater than Cdn. $5,000,000 (or its US Dollar equivalent) has been issued or made and delivered.
Debt Default. If there is a default in one or more agreements to which a Borrower or any of its Subsidiaries is a party with one or more third Persons relative to a Borrower’s or any of its Subsidiaries’ Indebtedness involving an aggregate amount of $500,000 or more, and such default (a) occurs at the final maturity of the obligations thereunder, or (b) results in a right by such third Person, irrespective of whether exercised, to accelerate the maturity of such Borrower’s or its Subsidiary’s obligations thereunder;
Debt Default. Except as disclosed in Schedule K, neither it nor any of its Subsidiaries is in default or breach under any instrument evidencing any Indebtedness in an aggregate principal amount greater than Cdn. $5,000,000 or under the terms of any instrument pursuant to which an instrument evidencing any Indebtedness in an aggregate principal amount greater than Cdn. $5,000,000 has been issued or made and delivered.
Debt Default. Default by an Organization on any material debt payment or loan covenant.
