Common use of Default in Favor of Third Parties Clause in Contracts

Default in Favor of Third Parties. Should the Borrower or the Guarantor (i) fail to pay Debt having a principal amount in excess of $250,000.00 the aggregate (other than the Indebtedness), or any interest or premium thereon, when due (or, if permitted by the terms of the relevant document, within any applicable grace period), whether such Debt shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise; or (ii) fail to perform any term, covenant or condition on its part to be performed under any agreement or instrument evidencing, securing or relating to Debt (other than the Indebtedness) having a principal amount in excess of $250,000.00 the aggregate, when required to be performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure is to accelerate, or to permit the holder or holders of such Debt to accelerate, the maturity of such Debt.

Default in Favor of Third Parties. Should the Borrower or the Guarantor (i) fail to pay Debt having a principal amount in excess of $250,000.00 100,000 in the aggregate (other than the Indebtednessamounts referred to in Section 14.1(a)), or any interest or premium thereon, when due (or, if permitted by the terms of the relevant document, within any applicable grace period), whether such Debt shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise; or (ii) fail to perform any term, covenant or condition on its part to be performed under any agreement or instrument evidencing, securing or relating to Debt (other than the Indebtedness) having a principal amount in excess of $250,000.00 100,000 in the aggregate, when required to be performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure is to accelerate, or to permit the holder or holders of such Debt to accelerate, the maturity of such Debt.

Default in Favor of Third Parties. Should the Borrower or the Guarantor (i) fail to pay Debt having a principal amount in excess of $250,000.00 250,000 in the aggregate (other than the Indebtednessamounts referred to in Section 14.1(a)), or any interest or premium thereon, when due (or, if permitted by the terms of the relevant document, within any applicable grace period), whether such Debt shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise; or (ii) fail to perform any term, covenant or condition on its part to be performed under any agreement or instrument evidencing, securing or relating to Debt (other than the Indebtedness) having a principal amount in excess of $250,000.00 250,000 in the aggregate, when required to be performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure is to accelerate, or to permit the holder or holders of such Debt to accelerate, the maturity of such Debt.

Default in Favor of Third Parties. Should the Borrower Company or the any Guarantor (i) fail to pay Debt having a principal amount in excess of $250,000.00 250,000 in the aggregate (other than the Indebtednessamounts referred to in Section 8.1(a)), or any interest or premium thereon, when due (or, if permitted by the terms of the relevant document, within any applicable grace period), whether such Debt shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise; or (ii) fail to perform any term, covenant or condition on its part to be performed under any agreement or instrument evidencing, securing or relating to Debt (other than the Indebtedness) having a principal amount in excess of $250,000.00 250,000 in the aggregate, when required to be performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure is to accelerate, or to permit the holder or holders of such Debt to accelerate, the maturity of such Debt.

Default in Favor of Third Parties. Should the Borrower or the any Guarantor (i) fail to pay Debt having a principal amount in excess of $250,000.00 1,500,000 in the aggregate (other than the Indebtednessamounts referred to in Section 7.01(a)), or any interest or premium thereon, when due (or, if permitted by the terms of the relevant document, within any applicable grace period), whether such Debt shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise; or (ii) fail to perform any term, covenant or condition on its part to be performed under any agreement or instrument evidencing, securing or relating to Debt (other than the Indebtedness) having a principal amount in excess of $250,000.00 1,500,000 in the aggregate, when required to be performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure is to accelerate, or to permit the holder or holders of such Debt to accelerate, the maturity of such Debt.

Default in Favor of Third Parties. Should the Borrower or the Guarantor (i) fail to pay Debt having a principal amount in excess of $250,000.00 1,000,000.00 in the aggregate (other than the Indebtednessamounts referred to in Section 14.1(a)), or any interest or premium thereon, when due (or, if permitted by the terms of the relevant document, within any applicable grace period), whether such Debt shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise; or (ii) fail to perform any term, covenant or condition on its part to be performed under any agreement or instrument evidencing, securing or relating to Debt (other than the Indebtedness) having a principal amount in excess of $250,000.00 1,000,000.00 in the aggregate, when required to be performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure is to accelerate, or to permit the holder or holders of such Debt to accelerate, the maturity of such Debt.

Default in Favor of Third Parties. Should the Borrower or the Guarantor (i) fail to pay Debt having a principal amount in excess of $250,000.00 1,000,000.00 the aggregate (other than the Indebtedness), or any interest or premium thereon, when due (or, if permitted by the terms of the relevant document, within any applicable grace period), whether such Debt shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise; or (ii) fail to perform any term, covenant or condition on its part to be performed under any agreement or instrument evidencing, securing or relating to Debt (other than the Indebtedness) having a principal amount in excess of $250,000.00 1,000,000.00 the aggregate, when required to be performed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure is to accelerate, or to permit the holder or holders of such Debt to accelerate, the maturity of such Debt.