Common use of Credit Default Clause in Contracts

Credit Default. Unless otherwise disclosed by Guarantor on Form 8-K with separate notice by the Borrowers to Lender of the filing of such Form 8-K, upon, and in any event within five (5) Business Days after, the Borrowers shall furnish the Lender notice of the involuntary termination, acceleration, maturity of or reduction in the amount available for borrowing under any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds entered into by a Borrower Party and any third party to the extent that such agreement or facility, prior to the effectiveness of such termination, acceleration, maturity or reduction in the amount available for borrowing, provides for a minimum amount available for borrowing by such Borrower Party equal to or greater than $10,000,000.

Credit Default. Unless otherwise disclosed by Guarantor on Form 8-K with separate notice by the Borrowers Borrower to Lender of the filing of such Form 8-K, upon, and in any event within five (5) Business Days after, the Borrowers Borrower shall furnish the Lender notice of the involuntary termination, acceleration, maturity of or reduction in the amount available for borrowing under any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds entered into by a Borrower Party and any third party to the extent that such agreement or facility, prior to the effectiveness of such termination, acceleration, maturity or reduction in the amount available for borrowing, provides for a minimum amount available for borrowing by such Borrower Party equal to or greater than $10,000,000.

Credit Default. Unless otherwise disclosed by Guarantor on Form 8-K with separate notice by the Borrowers Borrower to Lender of the filing of such Form 8-K, upon, and in any event within five (5) Business Days after, the Borrowers Borrower shall furnish the Lender notice of the involuntary termination, acceleration, maturity of or reduction in the amount available for borrowing under any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds entered into by a Borrower Party and any third party to the extent that such agreement or facility, prior to the effectiveness of such termination, acceleration, maturity or reduction in the amount available for borrowingreduction, provides for a minimum amount available for borrowing by such Borrower Party equal to or greater than $10,000,000.

Credit Default. Unless otherwise disclosed by the Guarantor on Form 8-K with separate notice by the Borrowers Seller to Lender the Buyer of the filing of such Form 8-K, upon, and in any event within five (5) Business Days after, the Borrowers Seller shall furnish the Lender Buyer notice of the involuntary termination, acceleration, maturity of or reduction in the amount available for borrowing under any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds entered into by a Borrower Seller Party and any third party to the extent that such agreement or facility, prior to the effectiveness of such termination, acceleration, maturity or reduction in the amount available for borrowing, provides for a minimum amount available for borrowing by such Borrower Seller Party equal to or greater than $10,000,000.