Failure to Pay Other Indebtedness. The Borrower or any of its Subsidiaries shall fail to pay at maturity, or within any applicable period of grace, any obligation in excess of $250,000 for borrowed money or credit received or in respect of any capitalized leases, or fail to observe or perform any term, covenant or agreement contained in any agreement by which it is bound, evidencing or securing borrowed money or credit received or in respect of any capitalized leases in excess of $250,000 provided that the holder or holders thereof or of any obligations issued thereunder accelerate the maturity thereof;
Failure to Pay Other Indebtedness. Borrower or Guarantor shall: (a) fail to pay any indebtedness for borrowed money (other than indebtedness owed to the Lender), or any interest or premium thereon, when due or within any applicable grace period (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) which failure could, in the commercially reasonable judgment of the Lender, result in a material adverse effect on Borrower’s or such Guarantor’s financial condition, unless Borrower or such Guarantor is maintaining a good faith meritorious defense to such failure to pay, or (b) fail to perform or observe any material term, covenant, or condition on its part to be performed or observed under any agreement or instrument relating to any such indebtedness and such failure is not cured within any applicable grace period, when required to be performed or observed, if the effect of such failure of payment or to perform or observe could, in the commercially reasonable judgment of the Lender, result in a material adverse effect on Borrower’s or such Guarantor’s financial condition, unless Borrower or such Guarantor is maintaining a good faith meritorious defense to such failure to perform; or any such indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof resulting, in the commercially reasonable judgment of the Lender, in a material adverse effect on Borrower’s or such Guarantor’s financial condition; or
Failure to Pay Other Indebtedness. Either Borrower, any Guarantor or any Pledged Entity shall be in default or breach of any recourse or non-recourse obligations aggregating $10,000,000 or more, and the effect thereof is (i) to cause an acceleration, mandatory redemption or other required repurchase of such obligations, or (ii) to permit the holder(s) of such obligations to accelerate the maturity of any such obligations or require a redemption or other repurchase of such obligations; or any such obligations shall be otherwise declared to be due and payable (by acceleration or otherwise) or required to be prepaid, redeemed or otherwise repurchased (other than by a regularly scheduled required prepayment) prior to the stated maturity thereof;
Failure to Pay Other Indebtedness. Borrower or any of its Subsidiaries shall fail to pay when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) any principal, interest or other amount payable in respect of Indebtedness (excluding Indebtedness evidenced by this Agreement) having an aggregate amount outstanding in excess of One Million Dollars $1,000,000, and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness, or any other default under any agreement or instrument relating to any such Indebtedness, or any other event, shall occur and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such default or event is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased or an offer to prepay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case, prior to the stated maturity thereof.
Failure to Pay Other Indebtedness. If the Borrower shall fail to pay any material obligation it may legitimately have or be subject to with respect to any Person within 15 days after the respective due date or performance date thereof.
Failure to Pay Other Indebtedness. Any Borrower or any of its Subsidiaries shall fail to pay at maturity, or within any applicable period of grace, any Indebtedness in excess of $500,000 in the aggregate, or fail to observe or perform any term, covenant or agreement contained in any agreement by which it is bound, evidencing or securing Indebtedness in excess of $500,000 in the aggregate, and as a result of such failure, the holder or holders of such Indebtedness are entitled to accelerate the maturity thereof.
Failure to Pay Other Indebtedness. The Parent, the Borrower or any of their respective Subsidiaries shall fail to pay at maturity, or within any applicable period of grace, or otherwise default under, any obligation for borrowed money or credit received in excess of $5,000,000.00, as a result of which the holder of such Indebtedness could accelerate the time for payment of such Indebtedness, notwithstanding that such acceleration has not occurred (unless such Person is contesting the existence of any such alleged default and has fully reserved, in cash or Cash Equivalents, the full amount of the subject Indebtedness);
Failure to Pay Other Indebtedness. The Borrower or any of its Subsidiaries shall fail to pay at maturity, or within any applicable period of grace, any Indebtedness in excess of $500,000 in the aggregate, or fail to observe or perform any other term, covenant or agreement contained in any agreement by which it is bound, evidencing or securing Indebtedness in excess of $500,000 in the aggregate, unless the Borrower notifies the Agent in writing of such an occurrence and the Borrower is in good faith disputing whether the obligation in question is due, in which case the Borrower or Subsidiary, as applicable, shall have sixty (60) days after its notice is received by the Agent to resolve such dispute before the occurrence will become an “Event of Default”.
Failure to Pay Other Indebtedness. 7.2.1.3.1 The Borrower fails to pay when due any amount outstanding with respect to any of its Indebtedness (other than the Obligations or any other loan from IDB) in excess of twenty-five million Dollars ($25,000,000) in the aggregate and such failure continues for more than any applicable period of grace; or
7.2.1.3.2 Any of its Indebtedness (other than the Obligations or any other loan from IDB) in excess of twenty-five million Dollars ($25,000,000) in the aggregate becomes prematurely due and payable (other than solely as a result of the submission by the Borrower of a request for or notice of voluntary prepayment) or is placed on demand.
Failure to Pay Other Indebtedness. The Company shall fail to pay when due any principal or interest payment on the due date with respect to any other indebtedness (excluding accounts payable) of the Company in an amount greater than $250,000, subject to any applicable cure period, or the Permitted Senior Indebtedness (as defined herein) is accelerated by the applicable lender;
