Common use of Other Cross-Defaults Clause in Contracts

Other Cross-Defaults. Any Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent have a Materially Adverse Effect.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), And Security Agreement (Tropical Sportswear International Corp)

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Other Cross-Defaults. Any Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent have a Materially Adverse EffectEffect on one or more Operating Companies.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/)

Other Cross-Defaults. Any Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent have a Materially Adverse EffectEffect on any Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Collins Industries Inc), Loan and Security Agreement (Collins Industries Inc)

Other Cross-Defaults. Any The Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money BorrowedDebt) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent have a Materially Adverse EffectEffect on the Borrower or any of its Subsidiaries.

Appears in 2 contracts

Samples: Loan and Security Agreement (Texfi Industries Inc), Loan and Security Agreement (Texfi Industries Inc)

Other Cross-Defaults. Any The Borrower or any of its Subsidiaries shall default in the payment when due, due or in the performance or observance, observance of any material obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) Indebtedness), if the existence exercise of any remedies thereunder by the other party to such defaults, singly or in the aggregate, agreement could in the reasonable judgment of the Agent have a Materially Adverse Effect.

Appears in 2 contracts

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

Other Cross-Defaults. Any The Borrower or any of its Subsidiaries shall default in the payment when due, due or in the performance or observance, 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 this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) Indebtedness), if the existence exercise of any remedies thereunder by the other party to such defaultsother agreement, singly contract or in the aggregate, lease could in the reasonable judgment of the Agent have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Shoneys Inc)

Other Cross-Defaults. Any A Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security other Loan Documents or any such 114 agreement, contract or lease relating to Permitted Indebtedness for Money Borrowedmoney borrowed) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent reasonably be expected to have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Russell Corp)

Other Cross-Defaults. Any The Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or Documents, any such agreement, contract or lease relating to Permitted Indebtedness for Money BorrowedDebt or the Securitization Documents) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Synthetic Industries Inc)

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Other Cross-Defaults. Any A Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money BorrowedDebt) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Ridgeview Inc)

Other Cross-Defaults. Any Borrower or any of its Subsidiaries shall default in the any payment when due, due or in the performance or observance, observance of any material obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents Documents) or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) Indebtedness, if the existence exercise of any remedies thereunder by the other party to such defaults, singly or in the aggregate, agreement could in the reasonable judgment of the Agent have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

Other Cross-Defaults. Any Borrower Borrower, any Guarantor or any of its their respective Subsidiaries shall default in the payment when due, or in the performance or observance, of any obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents or any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) if the existence of any such defaults, singly or in the aggregate, could in the reasonable judgment of the Agent have a Materially Adverse EffectEffect on one or more Borrowers or Guarantors.

Appears in 1 contract

Samples: Loan and Security Agreement (Trism Inc /De/)

Other Cross-Defaults. Any Borrower or any of its Subsidiaries shall default in the any payment when due, due or in the performance or observance, observance of any material obligation or condition of any agreement, contract or lease (other than this Agreement, the Security Documents Documents) or -57- 58 any such agreement, contract or lease relating to Permitted Indebtedness for Money Borrowed) Indebtedness, if the existence exercise of any remedies thereunder by the other party to such defaults, singly or in the aggregate, agreement could in the reasonable judgment of the Agent have a Materially Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Acr Group Inc)

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