Common use of Non-Payment of Other Indebtedness Clause in Contracts

Non-Payment of Other Indebtedness. The Borrower, any other Obligor or any Subsidiary shall fail to pay, when due, whether by acceleration or otherwise (subject to any applicable grace period), any Indebtedness of, or guaranteed by, the Borrower, such other Obligor or such Subsidiary;

Appears in 2 contracts

Samples: Credit and Security Agreement (Primegg LTD), Credit and Security Agreement (Premiumwear Inc)

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Non-Payment of Other Indebtedness. The Borrower, any other Obligor or any Subsidiary shall fail to pay, when due, whether by acceleration or otherwise (subject to any applicable grace period), any Indebtedness of, or guaranteed by, the Borrower, such other Obligor or such SubsidiarySubsidiary in an aggregate amount of more than $500,000;

Appears in 1 contract

Samples: Loan and Security Agreement (Pemstar Inc)

Non-Payment of Other Indebtedness. The Borrower, any other Obligor or any Subsidiary shall fail to pay, when due, whether by acceleration or otherwise (subject to any applicable grace period), any Indebtedness of, or guaranteed by, the Borrower, such other Obligor or such Subsidiary;Subsidiary that exceeds an aggregate amount of $250,000.

Appears in 1 contract

Samples: Credit and Security Agreement (Lifecore Biomedical Inc)

Non-Payment of Other Indebtedness. The Borrower, Borrower or any other Obligor or any Subsidiary shall fail to pay, when due, whether by acceleration or otherwise (subject to any applicable grace period), any Indebtedness of, or guaranteed by, the Borrower, Borrower or such other Obligor or such SubsidiaryObligor;

Appears in 1 contract

Samples: Credit and Security Agreement (Cryenco Sciences Inc)

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Non-Payment of Other Indebtedness. The Any Borrower, any other Obligor or any Subsidiary shall fail to pay, when due, whether by acceleration or otherwise (subject to any applicable grace period), any Indebtedness of, or guaranteed by, the such Borrower, such other Obligor or such Subsidiary;

Appears in 1 contract

Samples: Credit and Security Agreement (Simon Transportation Services Inc)

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