Common use of Other Cross-Defaults Clause in Contracts

Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.

Appears in 3 contracts

Samples: Loan and Security Agreement (Dataflex Corp), Loan and Security Agreement (Supreme International Corp), Loan and Security Agreement (Airport Systems International Inc)

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Other Cross-Defaults. The Borrower or any of its Subsidiaries shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (International Comfort Products Corp), Loan Agreement (International Comfort Products Corp)

Other Cross-Defaults. The A Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Intellicall Inc), Loan and Security Agreement (Ild Telecommunications Inc)

Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of the Lease Agreement, or the Borrower shall default in the payment when due or in the performance of any material obligation or condition of any other agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement other agreement, contract or lease could have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

Other Cross-Defaults. The Borrower or any of its Subsidiaries shall default in the any payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents Documents) or -57- 58 any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could reasonably be expected to have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Galileo Corp)

Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), (and the expiration of any applicable cure period) if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Freedom Financial Group Inc)

Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the other party thereto has commenced the exercise of remedies thereunder by the other party and such exercise of remedies could reasonably be expected to such agreement could have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan Agreement (Us Franchise Systems Inc/)

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Other Cross-Defaults. The Borrower shall default in the payment when --------------------- due or in the performance or observance of any material obligation or condition of any material agreement, contract contract, security or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effectlease.

Appears in 1 contract

Samples: Loan Agreement (Female Health Co)

Other Cross-Defaults. The Any Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

Other Cross-Defaults. The Borrower or any of its Subsidiaries shall default in the any payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents Documents) or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any material agreement, contract contract, security or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effectlease.

Appears in 1 contract

Samples: Loan Agreement (Female Health Co)

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