Default of Other Obligations Sample Clauses

Default of Other Obligations. Any failure by the Borrower to pay at maturity, or within any applicable grace period, any obligation for borrowed money, or in respect of any capitalized lease, or any failure to observe or perform any material term, covenant or agreement contained in any agreement by which the Borrower is bound, evidencing or securing borrowed money, or in respect of any capitalized lease, such that the holder or holders thereof or of any obligations issued thereunder have accelerated the maturity thereof.
AutoNDA by SimpleDocs
Default of Other Obligations. The Borrower shall fail to pay any material indebtedness to or perform any other obligation under any material agreement to any other firm, party or person, and such failure shall continue beyond any applicable grace period and result in the acceleration of such indebtedness or obligation or the Borrower shall suffer to exist beyond any applicable grace period any other event of default under any material agreement binding upon the Borrower unless such event of default has been waived in writing by the appropriate party or parties to such agreement.
Default of Other Obligations. If any of the Borrower and/or the Joint Obligors cease to make the contributions or in any manner alter, modify, cancel or terminate their contribution and/or assignment in favor of the assets of the Borrower, of nay rights related to any reimbursement of the PDP’s with respect to the Financed Aircraft as well as any rights related to the BFE and SSBFE Agreements, as well as credits for engines.
Default of Other Obligations. Any failure by NMLP to pay at maturity, or within any applicable grace period, any obligation for borrowed money, or in respect of any capitalized lease, or any failure to observe or perform any material term, covenant or agreement contained in any agreement by which NMLP is bound, evidencing or securing borrowed money, or in respect of any capitalized lease, such that the holder or holders thereof or of any obligations issued thereunder have accelerated the maturity thereof.
Default of Other Obligations. Any failure by T-Two to pay at maturity, or within any applicable grace period, any obligation for borrowed money, or in respect of any capitalized lease, or any failure to observe or perform any material term, covenant or agreement contained in any agreement by which T-Two is bound, evidencing or securing borrowed money, or in respect of any capitalized lease, such that the holder or holders thereof or of any obligations issued thereunder have accelerated the maturity thereof.
Default of Other Obligations. Any failure by the Borrower to pay at maturity, or within any applicable grace period, any obligation for borrowed money, or in respect of any capitalized lease, in an aggregate amount exceeding $500,000, or any failure to observe or perform any material term, covenant or agreement contained in any agreement by which the Borrower is bound, evidencing or securing borrowed money, or in respect of any capitalized lease, such that the holder or holders thereof or of any obligations issued thereunder have accelerated the maturity thereof.
Default of Other Obligations. Any failure by the Borrower or any other Loan Party to pay at maturity, or within any applicable grace period, any obligation for borrowed money, or in respect of any capitalized lease, or any failure to observe or perform any material term, covenant or agreement relative to the Broadway Debt or contained in any agreement by which the Borrower and/or such other Loan Party is bound, evidencing or securing borrowed money, or in respect of any capitalized lease, such that the holder or holders thereof or of any obligations issued thereunder have accelerated the maturity thereof.
AutoNDA by SimpleDocs
Default of Other Obligations. LANDLORD REMEDIES In addition to failure of Tenant to make payments of rent as prescribed in this lease, the following shall be an event or events of defaults under this lease: Failure to Tenant to perform any other of its covenants or obligations under this lease within ten (10) days after written notice of such failure from Landlord to Tenant. Upon the occurrence of one or more events of default hereunder, Landlord may at its election, enforce any one or a combination of the following remedies: (A) Landlord may maintain an action for damages and/or injunctive relief for the breach or breaches committed by Tenant with or without terminating this lease; (B) Landlord may terminate this lease and reenter and retake possession of the premises and all additions thereto, but this shall be without prejudice to the Landlord's right to collect past due installments of rent and other sums remaining unpaid under the terms of this lease and any other damages existing when said termination becomes effective; (C) Landlord may remedy default without terminating this lease, in which event Tenant shall reimburse Landlord for sums reasonably expended in so doing within five (5)* days of receipt of notice, and Landlord, in taking such action, shall not be deemed to have waived the default or elected an exclusive remedy.
Default of Other Obligations. 94 8.4 Filing of Liens Against the Property. . . . . . 95 8.5
Default of Other Obligations. Failure by Borrower to pay, as and when due and payable, all the indebtedness, or to duly observe all of the covenants, conditions and agreements now or hereafter existing between Borrower or Participant and Lender pursuant to the terms and conditions of any other obligation or indebtedness; or
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!