Common use of Default on Other Obligations Clause in Contracts

Default on Other Obligations. The occurrence of any default under any other borrowing or Obligation of the Company that is for an aggregate amount of debt or consideration of Ten Thousand and No/100 Dollars ($10,000.00) or more, either with Secured Party or others, if the result of such default would: (i) permit the acceleration of the maturity of any note, loan or other Contract between Company and any Person other than Secured Party; or (ii) materially and adversely affect, as determined by Secured Party in good faith, but in its sole discretion, any of the Collateral, the value thereof or Secured Party’s rights and remedies to realize upon such Collateral as set forth herein.

Default on Other Obligations. The occurrence of any default under any other borrowing borrowing, contract, agreement or Obligation of the Company that is for an aggregate amount of debt or consideration of Ten Fifty Thousand and No/100 Dollars ($10,000.0050,000.00) or more, either with Secured Party or others, if the result of such default would: (i) permit the acceleration of the maturity of any note, loan or other Contract between Company and any Person other than Secured Party; or (ii) materially and adversely affect, as determined by Secured Party in good faith, but in its sole discretion, any of the Collateral, the value thereof or Secured Party’s rights and remedies to realize upon such Collateral as set forth herein.

Default on Other Obligations. The occurrence of any default under any other borrowing or Obligation of the any Company that is for an aggregate amount of debt or consideration of Ten Thirty Thousand and No/100 No/1 00 Dollars ($10,000.0030,000.00) or more, either with Secured Party or others, if the result of such default would: (i) permit the acceleration of the maturity of any note, loan or other Contract between any Company and any Person other than Secured PartyPerson; or (ii) materially and adversely affect, as determined by Secured Party in good faith, but in its sole discretion, any of the Collateral, the value thereof or Secured Party’s 's rights and remedies to realize upon such Collateral as set forth herein, or the prospect of repayment of all the Obligations; or (iii) cause a Material Adverse Effect.

Default on Other Obligations. The occurrence of any default under any other borrowing or Obligation of the Company that is for an aggregate amount of debt or consideration of Ten Thirty Thousand and No/100 No/ I 00 Dollars ($10,000.0030,000.00) or more, either with Secured Party or others, if the result of such default wouldwould : (i) permit the acceleration of the maturity of any note, loan Loan or other Contract between Company and any Person other than Secured PartyPerson; or (ii) materially and adversely affect, as determined by Secured Party in good faith, but in its sole discretion, any of the Collateral, the value thereof or Secured Party’s 's rights and remedies to realize upon such Collateral as set forth herein, or the prospect of repayment of all the Obligations; or (iii) cause a Material Adverse Effect.