Default on Other Debt Sample Clauses

Default on Other Debt. Borrower shall fail to pay any Debt of Borrower --------------------- (other than Debt evidenced by the Line Note) or any interest or premium thereon when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other default or event under any agreement or instrument relating to any such Debt shall occur and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such default or event is to accelerate, or to permit the acceleration of, the maturity of such Debt; or any such Debt shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof;
AutoNDA by SimpleDocs
Default on Other Debt. The Borrower or any Subsidiary fails to make payment when due on any indebtedness for borrowed money in an aggregate principal amount in excess of One Hundred Thousand Dollars ($100,000) at the time outstanding (after giving effect to any applicable grace periods); or any default shall occur with respect to any such indebtedness, or under any agreement securing or relating to such indebtedness, the effect of which is to cause or to permit any holder of such indebtedness or a trustee to cause (whether or not such holder or trustee elects to cause) such indebtedness, or portion thereof, to become due prior to its stated maturity or prior to its regularly scheduled dates of payment and such Default remains uncured for a period of thirty (30) days; or
Default on Other Debt. The Debtor shall fail to pay all or any part of the principal of or interest on any indebtedness of or assumed by the Debtor for borrowed money as and when due and payable, whether at maturity, by acceleration or otherwise, and the default shall not be cured within the period of grace, if any, specified in the evidence of the indebtedness.
Default on Other Debt. The Borrower fails to pay all or any part of the principal of or interest on any indebtedness of or assumed by the Borrower for borrowed money in excess of $150,000 as and when due and payable, whether at maturity, by acceleration or otherwise, and such default is not cured within the period of grace, if any, specified in the documents(s) evidencing such indebtedness.
Default on Other Debt. With respect to any Debt (other than Debt outstanding under this Agreement) in excess of $10,000,000 in the aggregate for the Borrower Entities taken as a whole, (a) any Borrower Entity shall (i) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Debt, or (ii) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance relating to such Debt or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit, the holder of such Debt (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Debt to become due prior to its stated maturity; or (b) any such Debt shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof;
Default on Other Debt. A default with respect to any other indebtedness of the Borrower for borrowed money, if the effect of such default is to cause or permit the acceleration of such debt.
Default on Other Debt. Any Borrower or Guarantor shall fail to pay all or any part of the principal of or interest on any other indebtedness owing to TMCC, when due (whether at maturity, by acceleration or otherwise).
AutoNDA by SimpleDocs
Default on Other Debt. If either of the Borrowers shall fail to pay any principal or interest on any Debt owing to any Person other than the Bank as and when the same shall become due and payable and such default shall continue beyond the expiration of any applicable grace period expressly provided, or if any default or event of default shall occur under the terms of any agreement or other document which would entitle the holder or holders thereof to accelerate the maturity thereof; or
Default on Other Debt. Borrower or any Guarantor shall fail to pay all or any part of the principal or interest on any Material indebtedness of or assumed by it as and when due and payable, whether at maturity, by acceleration or otherwise, and such default shall not be cured within the period or period of grace, if any, specified in the document(s) evidencing such indebtedness, except to the extent and so long as the same are being contested in good faith by appropriate proceedings in such manner as not to cause any material adverse effect upon Borrower’s financial condition, with adequate reserves provided for such payments, and upon demand by the Bank, posting with the Bank of adequate security to protect the Bank.
Default on Other Debt. A default with respect to any other indebtedness of Debtor for borrowed money in excess of $100,000.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!