Common use of Default on Other Debt Clause in Contracts

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 Debtor shall Borrowers fail to pay all or any part of the principal of or interest on any indebtedness of or assumed by the Debtor Borrowers for borrowed money in excess of $100,000 as and when due and payable, whether at maturity, by acceleration or otherwise, and the such default shall is not be cured within the period of grace, if any, specified in the evidence of the documents(s) evidencing such indebtedness.

Default on Other Debt. The Debtor shall fail Either Borrower fails to pay all or any part of the principal of or interest on any indebtedness of or assumed by the Debtor such Borrower for borrowed money as and when due and payable, whether at maturity, by acceleration or otherwise, and the such default shall is not be cured within the period of grace, if any, specified in the evidence of the documents(s) evidencing such indebtedness.

Default on Other Debt. The Debtor shall fail Borrower fails to pay all or any part financial indebtedness in excess of the principal of or interest on any indebtedness of or assumed by the Debtor for borrowed money USD 200,000 as and when due and payable, whether at maturity, by acceleration or otherwise, and the default shall is not be cured within the period of grace, if any, specified in the evidence of documents(s) evidencing the indebtedness.