Common use of Other Material Obligations Clause in Contracts

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company with respect to any material purchase or lease of goods, securities or services except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Bioanalytical Systems Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Landec Corp \Ca\)

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Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company with respect to any agreement respecting any material purchase purchase, sale or lease of goods, securities or services except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc), Credit Agreement (Obsidian Enterprises Inc)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company with respect to any agreement respecting any material purchase purchase, sale or lease of goods, securities or services except only to the extent that the existence of any such default is diligently being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company or any Subsidiary in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company or any Subsidiary with respect to any material purchase or lease of goods, securities or services except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of of, any material obligation of, or condition agreed to by the Company Borrower, Parent Corporation or any Subsidiary with respect to any material purchase or lease of goods, securities goods or services except only to the extent that the existence of any such default is being contested by the Borrower or any Subsidiary in good faith and by appropriate proceedings and that appropriate reserves have been established with respect theretoproceedings.

Appears in 1 contract

Samples: Credit Agreement (Nal Financial Group Inc)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company or any Subsidiary with respect to any material purchase or lease of goods, securities or services except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Steak & Shake Co)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company any Borrower or any of its Subsidiaries in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company it with respect to any material purchase agreement respecting any purchase, sale or lease of goods, securities or services except only to the extent that the existence of any services, in each case where such default is being contested would reasonably be expected to result in good faith and by appropriate proceedings and that appropriate reserves have been established with respect theretoa Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Creative Realities, Inc.)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company or any Guarantor with respect to any material purchase or lease of goods, securities or services except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Steak & Shake Co)

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Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, due or in the performance or observance of any material obligation of, or condition agreed to by the Company Company, with respect to any material purchase or lease of goods, securities securities, or services services, except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Noble Romans Inc)

Other Material Obligations. Subject to the -------------------------- expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company with respect to any material purchase or lease of goods, securities or services except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Valley National Gases Inc)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company in the payment when due, or in the performance or observance of of, any material obligation of, or condition agreed to by any of the Company Borrowers with respect to any material purchase or lease of goods, securities goods or services except only to the extent that the existence of any such default is being contested by the Borrowers in good faith and by appropriate proceedings and that appropriate reserves have been established with respect theretowhere failure to cure such default would result in the occurrence of a Material Adverse Change.

Appears in 1 contract

Samples: Revolving Credit Facility (Churchill Downs Inc)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company Company, OCP, or 0CC in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company Company, OCP, or 0CC with respect to any agreement respecting any material purchase purchase, sale or lease of goods, securities or services except only to the extent that the existence of any such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Enterprises Inc)

Other Material Obligations. Subject to the expiration of any applicable grace period, default by the Company or by any Guarantor in the payment when due, or in the performance or observance of any material obligation of, or condition agreed to by the Company or by any Guarantor with respect to any material purchase or lease of goods, securities or services except only to the extent that the existence of any an such default is being contested in good faith and by appropriate proceedings and that appropriate reserves have been established with respect thereto.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Enterprises Inc)

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