Common use of Default of Other Financial Obligations Clause in Contracts

Default of Other Financial Obligations. Any default occurs under any other agreement involving the borrowing of money or the extension of credit to which the Borrower or any Subsidiary may be a party as borrower, guarantor, or installment purchaser, if such default consists of the failure to pay any obligation when due or if such default gives to the holder of the obligation concerned the right to accelerate the obligation.

Default of Other Financial Obligations. Any default occurs under any other agreement involving the borrowing of money or the extension of credit to which the Borrower or any Subsidiary Guarantor may be a party as borrower, guarantor, guarantor or installment purchaser, instalment purchaser if such default consists of the failure to pay any obligation when due or if such default gives to the holder of the obligation concerned the right to accelerate the obligation.;

Default of Other Financial Obligations. Any default occurs under any other agreement involving the borrowing of money or the extension of credit to which the Borrower or any Material Subsidiary may be a party as borrower, guarantor, guarantor or installment purchaser, purchaser if such default consists of the failure to pay any obligation when due or if such default gives to the holder of the obligation concerned the right to accelerate the obligation.

Default of Other Financial Obligations. Any default occurs under any -------------------------------------- other agreement involving the borrowing of money or the extension of credit in excess of $500,000 to which the Borrower or any Subsidiary may be a party as borrower, guarantor, guarantor or installment purchaser, purchaser if such default consists of the failure to pay any obligation when due or if such default gives to the holder of the obligation concerned the right to accelerate the obligation.

Default of Other Financial Obligations. Any default occurs under -------------------------------------- the Senior Credit Agreement, any agreement, note or document related to any such agreement or any other agreement involving the borrowing of money or the extension advance of credit to which the Borrower or any Subsidiary Company may be a party as borrower, obligor or guarantor, or installment purchaser, if such default consists of the failure to pay any obligation Indebtedness in an aggregate principal amount greater than $25,000 when due or if such default gives to the holder of the obligation concerned the right to accelerate the obligation.such Indebtedness;