Nonpayment of Other Indebtedness. Default (after giving effective to any notice and cure periods) with respect to any Indebtedness of the Company or any of its Subsidiaries in excess of $250,000 which has not been effectively cured or waived and the obligee of such indebtedness has the right to accelerate the maturity of the indebtedness; or default with respect to any other obligations or Indebtedness of the Company or any of its Subsidiaries which could have a Material Adverse Effect and which has not been effectively cured or waived; or acceleration of the payment of any Indebtedness subordinate to the Obligations, and the obligee with respect thereto has the right to accelerate the maturity of such other Indebtedness.
Nonpayment of Other Indebtedness. The Borrower or any Subsidiary shall fail to pay any Indebtedness of the Borrower or such Subsidiary, as the case may be, other than the Bank Indebtedness, in an aggregate amount as to the Borrower and its Subsidiaries collectively of $5,000,000 or more, as and when the same shall become due, or the occurrence of any default under any agreement or instrument under or pursuant to which such Indebtedness is incurred or issued and continuance of such default beyond the period of grace, if any, allowed with respect thereto, if such default permits or causes the acceleration of such 47 Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend with respect thereto.
Nonpayment of Other Indebtedness. The Borrower shall fail to pay any Indebtedness of the Borrower other than the Bank Indebtedness, in an aggregate amount of $15,000,000 or more, as and when the same shall become due, or the occurrence of any default under any agreement or instrument under or pursuant to which such Indebtedness is incurred or issued and continuance of such default beyond the period of grace, if any, allowed with respect thereto, if such default permits or causes the acceleration of such Indebtedness or the termination of any commitment to lend with respect thereto.
Nonpayment of Other Indebtedness. The Borrower or any Subsidiary shall default in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Indebtedness of, or guaranteed by, the Borrower or any Subsidiary (except any such Indebtedness of any Subsidiary to the Borrower or to any other Subsidiary) or default in the performance or observance of any obligation or condition with respect to any such other Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity, and continuation thereof after the Bank gives notice to the Borrower that such default is an Event of Default; provided. however, that no default under this section shall occur or result from a default in payment of any such other Indebtedness which, when added to the amount of all such other Indebtedness in default does not exceed $1,000,000.
Nonpayment of Other Indebtedness. The Borrower or any Subsidiary shall fail to pay any Indebtedness of the Borrower or such Subsidiary, as the case may be, other than the Bank Indebtedness, in an aggregate amount as to the Borrower and its Subsidiaries collectively of $5,000,000 or more, as and when the same shall become due, or the occurrence of any default under any agreement or instrument (including, without limitation, any default under any financial covenant set forth in the Mortgage Indenture in the form in effect on the Closing Date) under or pursuant to which such Indebtedness is incurred or issued and continuance of such default beyond the period of grace, if any, allowed with respect thereto, if such default permits or causes the acceleration of such Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend with respect thereto.
Nonpayment of Other Indebtedness. Default (after giving effective to any notice and cure periods) with respect to any Indebtedness of Borrower in excess of $100,000 which has not been effectively cured or waived and which would enable the obligee to accelerate the maturity of the Indebtedness or default with respect to any other obligations or indebtedness of Borrower which in the aggregate if accelerated will have a materially adverse effect upon Borrower’s business, assets, liabilities, financial condition or results of operation and which has not been effectively waived or cured; or acceleration of the payment of any Subordinated Debt.
Nonpayment of Other Indebtedness. The Borrower or the Guarantor defaults in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Indebtedness in the principal amount in excess of $500,000 of, or guaranteed by, the Borrower or the Guarantor or defaults in the performance or observance of any obligation or condition with respect to any such other Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity, and continuation thereof after the Lender gives notice to the Borrower or the Guarantor that such default is an Event of Default.
Nonpayment of Other Indebtedness. Any Loan Party shall fail to pay any Indebtedness of such Loan Party, other than the Bank Indebtedness, in an aggregate amount as to the Loan Parties collectively of $1,000,000 or more, as and when the same shall become due, or the occurrence of any default under any agreement or instrument under or pursuant to which such Indebtedness is incurred or issued and continuance of such default beyond the period of grace, if any, allowed with respect thereto, if such default permits or causes the acceleration of such Indebtedness or the termination of any commitment to lend with respect thereto.
Nonpayment of Other Indebtedness. The Borrower or any Subsidiary shall fail to pay any Indebtedness of the Borrower or such Subsidiary, as the case may be, other than the Bank Indebtedness, in an aggregate amount as to the Borrower and its Subsidiaries collectively of $20,000,000 or more, as and when the same shall become due, or the occurrence of any default under any agreement or instrument under or pursuant to which such Indebtedness is incurred or issued and continuance of such default beyond the period of grace, if any, allowed with respect thereto; provided however, that the foregoing provisions shall not apply to any such default or defaults by one or more Subsidiaries during the term hereof where the aggregate assets of such Subsidiaries do not exceed five percent (5%) of the
Nonpayment of Other Indebtedness. Default (after giving effect to any notice and cure periods) with respect to any Indebtedness of the Parent Company or any of its subsidiaries (x) under or pursuant to the Secured Transaction Agreements or (y) otherwise in excess of $500,000 which has not been effectively cured or waived and the obligee of such Indebtedness has the right to accelerate the maturity of the Indebtedness; or default with respect to any other obligations or Indebtedness of the Parent Company or any of its subsidiaries which could reasonably be expected to have a Material Adverse Effect and which has not been effectively cured or waived; or acceleration of the payment of any Indebtedness subordinate to the Obligations, and the obligee with respect thereto has the right to accelerate the maturity of such other Indebtedness, in each case under subclause (y) of this Section 6.1(c) only, if such default remains uncured for ten (10) Business Days.
