Common use of Default by Borrower in Other Agreements Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

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Default by Borrower in Other Agreements. Any default by Borrower (ia) in the payment of any indebtedness to Lender; (iib) in the payment or performance of other indebtedness for borrowed money or obligations in excess of $50,000 100,000 secured by all or any portion of the Collateral; or (iiic) in the payment or performance of any other material indebtedness or obligationsobligations (including any indebtedness owed pursuant to the Textron Facility, the Bond Holder-Exchange Transaction or any other indebtedness from time to time subject to the Intercreditor Agreement).”

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)

Default by Borrower in Other Agreements. Any default by Borrower (ia) in the payment of any indebtedness to Lender; (iib) 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 (iiic) in the payment or performance of any other material indebtedness or obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Default by Borrower in Other Agreements. Any default by Borrower (ia) in the payment of any indebtedness to Lender; (iib) in the payment or performance of other indebtedness for borrowed money or obligations in excess of $50,000 100,000 secured by all or any portion of the Collateral; or (iiic) in the payment or performance of any other material indebtedness or obligationsobligations (including any indebtedness owed pursuant to the Textron Facility, the DZ Facility, the Sovereign Facility of the Bond Holder-Exchange Transaction).

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)

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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 $US$50,000 secured by all or any portion of the Collateral; or (iii) in the payment or performance of any other material indebtedness or obligationsobligations of Borrower.

Appears in 1 contract

Samples: Loan Agreement (Cr Resorts Capital S De R L De C V)

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