Common use of Defaults in Other Agreements Clause in Contracts

Defaults in Other Agreements. The Borrower fails to perform or observe any term, covenant, agreement or condition contained in, or there shall occur any default under or as defined in, any other agreement applicable to the Borrower with the Bank, or by which the Borrower is bound involving a liability of the Borrower in excess of One Million Dollars ($1,000,000) which shall not be remedied within the period of time (if any) within which such other agreement permits such default to be remedied, unless such default is waived by the other party thereto or excused as a matter of law.

Defaults in Other Agreements. The Borrower or any Guarantor fails to ---------------------------- perform or observe any term, covenant, agreement or condition contained in, or there shall occur any default under or as defined in, any other agreement applicable to the Borrower with the Bank, or any Guarantor or by which the Borrower or any Guarantor is bound involving a liability of the Borrower in excess of One Million Dollars ($1,000,000) which shall not be remedied within the period of time (if any) within which such other agreement permits such default to be remedied, unless such default is waived by the other party thereto or excused as a matter of law.

Defaults in Other Agreements. The Borrower fails to perform or ---------------------------- observe any term, covenant, agreement or condition contained in, or there shall occur any default under or as defined in, any other agreement applicable to the Borrower with the Bank, or by which the Borrower is bound involving a material liability of the Borrower in excess of One Million Dollars ($1,000,000) which shall not be remedied within the period of time (if any) within which such other agreement permits such default to be remedied, unless such default is waived by the other party thereto or excused as a matter of law.

Defaults in Other Agreements. The Borrower fails to perform or ---------------------------- observe any term, covenant, agreement or condition contained in, or there shall occur any default under or as defined in, any other agreement applicable to the Borrower with the BankBorrower, including agreements relating to any Indebtedness, or by which the Borrower it is bound involving a material liability of the Borrower in excess of One Million Dollars ($1,000,000) which shall not be remedied within the period of time (if any) within which such other agreement permits such default to be remedied, unless such default is waived by the other party thereto or excused as a matter of law.

Defaults in Other Agreements. The Borrower fails to perform or observe any material term, covenant, agreement or condition contained in, or there shall occur any material default under or as defined in, (a) any other agreement applicable to the Borrower with the Bank, or by which the Borrower it is bound involving a liability of the Borrower in excess of One Million Dollars ($1,000,000) which shall not be remedied within the period of time (if any) within which such other agreement permits such default to be remedied, unless such default is waived in writing by the other party thereto or excused as a matter of law; or (b) any agreement the Borrower has with the Lender, including without limitation the Merger Agreement.

Defaults in Other Agreements. The Borrower fails to perform or observe any term, covenant, agreement or condition contained in, or there shall occur any default under or as defined in, any other agreement applicable to the Borrower with the Bank, or by which the Borrower is bound involving a material liability of the Borrower in excess of One Million Dollars ($1,000,000) which shall not be remedied within the period of time (if any) within which such other agreement permits such default to be remedied, unless such default is waived by the other party thereto or excused as a matter of law.