Non-Payment of Debts. Any default by Borrower under any agreement, document or instrument relating to any indebtedness for borrowed money owing to any person other than Lender, or any capitalized lease obligations, contingent indebtedness in connection with any guarantee, letter of credit, indemnity or similar type of instrument in favor of any person other than Lender, in any case in an amount in excess of $50,000, which default continues unwaived for more than the applicable cure period, if any, with respect thereto, or any default by Borrower under any contract, lease, license or other obligation to any Person other than Lender, which affects its business or the Collateral or other property which is security for the Obligations and which default continues for more than the applicable cure period, if any, with respect thereto.
Non-Payment of Debts. Tenant or any guarantor of Tenant’s obligations under this Lease generally does not pay its debts as they become due, unless such debts are the subject of a bona fide dispute, or admits in writing its inability to pay its debts.
Non-Payment of Debts. Borrower is generally not paying its debts as such debts become due, provided such debts are not paid and evidence of such payment provided to Bank within thirty (30) days of receipt of written notice from Bank.
Non-Payment of Debts. Borrower is generally not paying its debts as such debts become due.
Non-Payment of Debts. Any default by Borrower or any Guarantor under any agreement, document or instrument relating to any indebtedness for borrowed money owing to any person other than Lender, or any capitalized lease obligations, contingent indebtedness in connection with any guarantee, letter of credit, indemnity or similar type of instrument in favor of any person other than Lender, in any case in an amount in excess of $25,000, which default continues for more than the applicable cure period, if any, with respect thereto, or any default by Borrower or any Guarantor under any material contract, lease, license or other obligation to any Person other than Lender, which materially affects its business or the Collateral or other property which is security for the Obligations and which default continues for more than the applicable cure period, if any, with respect thereto.
Non-Payment of Debts. If either of the -------------------- Borrower or any Guarantor is not generally paying its debts as such debts become due, except that non-payment of debts not in excess of $25,000.00 which the Borrower or any of the Guarantors is contesting in good faith shall not be an Event of Default under this Agreement.
Non-Payment of Debts. Any default by Borrower under the Secured Notes or the agreements disclosed in writing by Borrower to Lender prior to the date hereof with respect to this Section 11.15.
