Default by Borrower in Other Agreements. Except for any Specified Event of Default (as provided in the Forbearance Agreement), which Specified Events of Default shall include a prior existing default under the Heller Facility or the Sovereign Facility, any default by Borrower (i) xx xhe payment of any indebtedness to any Lender, including any indebtedness owed to Agent under the Heller Facility, DZ Facility, Sovereign Facility, Bond Holder Exchangx Xxxxsaction, Tranche C Facility, Additional Credit Facility or the Inventory Loan, (ii) in the payment or performance of other indebtedness for borrowed money or obligations secured by any part of the Resort; (iii) in the payment or performance of other material indebtedness or obligations (material indebtedness or obligations being defined for purposes of this provision as any indebtedness or obligation in excess of $200,000) where such default accelerates or permits the acceleration (after the giving of notice or passage of time or both) of the maturity of such indebtedness, or permits the holders of such indebtedness to elect a majority of the board of directors of Borrower (whether or not such default[s] have been waived by such holder) or (iv) the acceleration by Heller, Sovereign, DZ or the bondholders of their respective credit fxxxxxxies.
Default by Borrower in Other Agreements. Any default by Borrower resulting in a declared event of default in respect of any other Indebtedness of Borrower to any Person in excess of $5,000,000 in the aggregate after the expiration of any applicable grace or cure period which has not been waived and which results in the acceleration of the maturity of such Indebtedness; or any default under the terms of the Existing Indebtedness which permits the holders of such Indebtedness to elect a majority of the voting control of the Borrower or of managing member or managing partner of Borrower.
Default by Borrower in Other Agreements. Any default by Borrower (i) in the payment of any indebtedness to Lender; (ii) in the payment or performance of other indebtedness for borrowed money or obligations in excess of $50,000 secured by all or any portion of the Collateral; or (iii) in the payment or performance of any other material indebtedness or obligations.
Default by Borrower in Other Agreements. Section 8.1(m) is hereby deleted in its entirety and in its place instead is substituted the following:
Default by Borrower in Other Agreements. Any default as defined in the applicable loan agreement, by Borrower (i) in the payment of any indebtedness to any lender, including any indebtedness owed under the Capital Source Finance Facility, the Resort Finance Facility, the Textron Financial Facility or the Additional Credit Facility; (ii) in the payment or performance of other indebtedness for borrowed money or obligations secured by any part of the Resort; (iii) in the payment or performance of other material indebtedness or obligations (material indebtedness or obligations being defined for purposes of this provision as any indebtedness or obligation in excess of $200,000) where such default accelerates or permits the acceleration (after the giving of notice or passage of time or both) of the maturity of such indebtedness, or permits the holders of such indebtedness to elect a majority of the board of directors of Borrower (whether or not such default[s] have been waived by such holder) or (iv) the acceleration by CapitalSource Finance, LLC under the CSF Documents, Resort Funding, LLC under the RFC Documents, Textron Financial Corporation under the TFC Documents or the bondholders of their respective credit facilities.
Default by Borrower in Other Agreements. Any default by BXG resulting in a declared event of default in respect to the Indebtedness of BXG under the Fifth Third Loan Agreement, until such default is cured under the Fifth Third Loan Agreement.
Default by Borrower in Other Agreements. (i) any default by Borrower resulting in a declared event of default in respect of any other Indebtedness of Borrower (e.g., Indebtedness of Borrower other than in respect of this Loan) to any Person in excess of $15,000,000 in the aggregate after the expiration of any applicable grace or cure period which has not been waived and which results in the acceleration of the maturity of such Indebtedness or (ii) or any default under the terms of the Existing Indebtedness which permits the holders of such Indebtedness to elect a majority of the voting control of the Borrower or of managing member or managing partner of Borrower.
Default by Borrower in Other Agreements. Any: (1) default, as defined in the applicable loan agreement, by Borrower: (i) in the payment of any indebtedness to any lender; (ii) in the payment or performance of other indebtedness for borrowed money or obligations secured by any part of the Resorts; or (iii) in the payment or performance of other material indebtedness or obligations (material indebtedness or obligations being defined for purposes of this provision as any indebtedness or obligation in excess of $200,000) where such default accelerates or permits the acceleration (after the giving of notice or passage of time or both) of the maturity of such indebtedness, or permits the holders of such indebtedness to elect a majority of the board of directors of Borrower (whether or not such default[s] have been waived by such holder); (2) acceleration by any lender of its respective credit facilities; or (3) default under, or acceleration of the TFC Conduit Loan.
Default by Borrower in Other Agreements. Any default by Borrower (i) in the payment or performance of other indebtedness for borrowed money or obligations in excess of $50,000 or (ii) in the payment or performance of any other material indebtedness or obligations owed to a person other than Lender, but only if such default is not cured or waived within thirty (30) days after the occurrence thereof.
Default by Borrower in Other Agreements. Any default by Borrower in the payment of Indebtedness for borrowed money after the expiration of any applicable grace or cure period; any other default under such Indebtedness which accelerates or permits the acceleration (after the giving of notice or passage of time, or both) of the maturity of such Indebtedness; or any default which permits the holders of such Indebtedness to control Borrower.
