Common use of Default Under Other Borrowings Clause in Contracts

Default Under Other Borrowings. Default shall be made by any Borrower with respect to any Indebtedness for Borrowed Money (other than the Loans) with an outstanding principal amount of greater than $500,000 if the default is a failure to pay at maturity or if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.

Default Under Other Borrowings. Default shall be made by any Borrower of the Borrowers with respect to any Indebtedness for Borrowed Money in connection with an Indebtedness in an amount in excess of Five Hundred Thousand Dollars ($500,000) (other than the LoansRevolving Credit) with an outstanding principal amount if such Indebtedness for Borrowed Money is accelerated in consequence of greater than $500,000 if the such event of default is a failure to pay at maturity or if the effect of such default is to accelerate the maturity demand for payment of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturityis made.

Default Under Other Borrowings. Default shall be made by any Borrower with respect to any Indebtedness for Borrowed Money in excess of $5,000,000 of any of the Borrowers (other than the Loans) with an outstanding principal amount of greater than $500,000 if the default is a failure to pay at maturity or if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.

Default Under Other Borrowings. Default shall be made by any Borrower with respect to any Indebtedness evidence of indebtedness or liability for Borrowed Money borrowed money (other than under the LoansCredit Facilities and other unsecured Indebtedness of up to One Million Dollars ($1,000,000)) with an outstanding principal amount of greater than $500,000 if the default is a failure to pay at maturity or if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money evidence of indebtedness or liability or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money any indebtedness to become due prior to its stated maturity.

Default Under Other Borrowings. Default shall be made by any Borrower with respect to any Indebtedness evidence of indebtedness or liability for Borrowed Money borrowed money in excess of $5,000,000 (other than the LoansLoan) with an outstanding principal amount or any operating or capital lease having a value in excess of greater than $500,000 if the default is a failure to pay at maturity or 5,000,000 if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money evidence of indebtedness or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturityliability.