Default in Other Obligations Sample Clauses

Default in Other Obligations. The Client fails to perform any of its or his other obligations under the Agreement.
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Default in Other Obligations. Default shall be made with respect to any indebtedness of the Borrower or any Guarantor, or the performance of any other obligation incurred in connection with any indebtedness for borrowed money of the Borrower, or any Guarantor, if the effect of such default is to accelerate the maturity of such indebtedness or to permit the holder thereof to cause such indebtedness to become due prior to its stated date of maturity, or any such indebtedness shall not be paid when due.
Default in Other Obligations. Neither Borrower nor any Guarantor or Debtor are or shall be in default under any material loan agreement, indenture, mortgage, security agreement (or other agreement or obligation) to which they are a party or by which any of their respective properties may be bound, except to the extent such default would not reasonably be expected to result in a material and adverse change in Borrower’s business operations or financial condition taken as a whole or materially affect the Collateral;
Default in Other Obligations. If Borrower shall default in the performance of the LOC.
Default in Other Obligations. Any party defaults in the performance of any covenant that is contained in this or any document or instrument entered into by the parties hereto relating to this Agreement and such default is not cured within the lesser of any "cure" period that is prescribed in such document or instrument or thirty (30) days.
Default in Other Obligations. The Borrower shall default in making any payments for borrowed money or in respect of any extension of credit or accommodations under any loan, in each case in connection with indebtedness in excess of $100,000.
Default in Other Obligations. Failure of Borrower to pay when due any obligations (other than amounts referred to in subsection 7.1) in an individual amount of $250,000 or more or with an aggregate amount of $500,000 or more, in each case beyond the end of any grace period provided therefor; or
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Default in Other Obligations. Borrower, AGT or new AGT shall default ---------------------------- (i) in the payment or performance of any other liability, indebtedness, or other obligation of Borrower to Lender or * (ii) in any payment of principal of, or interest on, any obligation for borrowed money (other than hereunder), including purchase money indebtedness, whether owing to Lender, * or any other person, and such person has accelerated the maturity thereof, or (iii) in the performance of any other term or condition contained in any agreement under which any such obligation for borrowed money is created, so that the holder of such obligation has accelerated the maturity thereof.
Default in Other Obligations. If Borrower shall have failed to perform or observe any other obligation, covenant or agreement contained in this Agreement or the Note and such failure continues for twenty (20) days after written notice thereof from Lender.

Related to Default in Other Obligations

  • Default in Other Agreements (i) Failure by the Borrower or any of its Restricted Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in clause (a) above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by the Borrower or any of its Restricted Subsidiaries with respect to any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness (other than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by any Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided that (X) clause (ii) of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder and (Y) this clause (b) shall not apply to the extent such failure is remedied or waived by the holders of the applicable Indebtedness prior to any acceleration of the Loans pursuant to Article 7; provided, further, that no such event (other than the failure to make a principal payment at stated final maturity) under any Asset Financing Facility or CRE Financing shall constitute a Default or Event of Default under this clause (b) until such Asset Financing Facility or CRE Financing, as applicable, shall have been accelerated as a result of such event; or

  • Subordination of Other Obligations Any Indebtedness of Borrower or any Guarantor now or hereafter held by any Guarantor (the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any such Indebtedness collected or received by the Obligee Guarantor after an Event of Default has occurred and is continuing shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof.

  • Breach of other obligations any Security Party commits any breach of or omits to observe any of its obligations or undertakings expressed to be assumed by it under any of the Security Documents (other than those referred to in clauses 10.1.1 and 10.1.2 above) unless such breach or omission, in the opinion of the Agent (following consultation with the Banks) is capable of remedy, in which case the same shall constitute an Event of Default if it has not been remedied within fifteen (15) days of the occurrence thereof; or

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