Common use of Default Under Other Indebtedness Clause in Contracts

Default Under Other Indebtedness. If the Borrower shall default in any payment of any Indebtedness owing to the Bank (other than the Obligations) or to any other Person beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, or default in the observance or performance of any other agreement or condition relating to any such Indebtedness, or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur, the effect of which default or other event is to cause or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice, if required, such Indebtedness to become due prior to its stated maturity;

Default Under Other Indebtedness. If the Borrower shall default in any payment of any Indebtedness indebtedness (a) owing to the Bank (other than the ObligationsObligations under the Financing Documents), or (b) or to any other Person person or persons for a principal amount in excess of $100,000 in the aggregate, beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness indebtedness was created, or default in the observance or performance of any other agreement or condition relating to any such Indebtedness, indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur, occur the effect of which default or other event is to cause or to permit the holder or holders of such Indebtedness indebtedness or beneficiary or beneficiaries of such Indebtedness indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice, if required, such Indebtedness indebtedness to become due prior to its stated maturity;

Default Under Other Indebtedness. If the any Borrower shall default in any payment of (a) any Indebtedness other indebtedness owing to the Bank Lender, or (other than the Obligationsb) or an indebtedness in excess of $250,000 owing to any other Person party beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness indebtedness was created, or default in the observance or performance of any other agreement or condition relating to any such Indebtedness, indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur, in each case, the effect of which default or other event is to cause or to permit the holder or holders of such Indebtedness indebtedness or beneficiary or beneficiaries of such Indebtedness indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice, if required, such Indebtedness indebtedness to become due prior to its stated maturity;

Default Under Other Indebtedness. If the Borrower or any Guarantor shall default in any payment of (a) any Indebtedness other indebtedness owing to the Bank Lender, or (other than the Obligationsb) or an indebtedness in excess of $500,000 owing to any other Person party beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness indebtedness was created, or default in the observance or performance of any other agreement or condition relating to any such Indebtedness, indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur, in each case, the effect of which default or other event is to cause or to permit the holder or holders of such Indebtedness indebtedness or beneficiary or beneficiaries of such Indebtedness indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice, if required, such Indebtedness indebtedness to become due prior to its stated maturity;