Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000150,000) or a default shall exist under any financing agreement with Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000100,000) or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,00050,000) or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with Lender Lenders or any of a Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a an event of default shall exist under any financing agreement with Lender Lenders or any of Lender’s their Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000150,000) or a default after the expiration of any applicable notice and/or cure periods) shall exist under any financing agreement with Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with by and between Borrower or any Subsidiary and any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000100,000) or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of any Co-Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000100,000) or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with Lender or any of Lender’s Affiliates).

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure of the Co-Borrowers to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the acceleration of the maturity of Indebtedness in an aggregate amount in excess or the effect of Two Hundred Fifty Thousand Dollars ($250,000) which, pursuant to a subordination or a default shall exist under any financing agreement with Lender or any of Lender’s Affiliatessimilar agreement, is to prohibit Lenders from receiving their regularly scheduled payments due hereunder.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with Lender or any of Lender’s Affiliates).

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of any Co-Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000200,000) or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000150,000) or a default shall exist under any financing agreement with Lender Lenders or any of Lender’s Lenders’ Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of any Co-Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement of Borrower with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Five Hundred Fifty Thousand Dollars ($250,000500,000), or there exists an Event of Default (as defined in the Existing Lender Equipment Facility) or a default shall exist under any financing agreement with the Existing Lender or any of Lender’s AffiliatesEquipment Facility.

Default on Indebtedness. One or more defaults shall exist under any agreement of Borrower with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000150,000) or a default shall exist under any financing agreement with any Lender or any of Lender’s AffiliatesLender Affiliate.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of any Co-Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with any Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000100,000) or a default shall exist under any financing agreement with Lender or any of Lender’s its Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of any Co-Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,00050,000) or a material default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with by and between Borrower or any Subsidiary and any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness of Borrower or any Subsidiary at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) [ *** *** *** *** *** *******] or a default shall exist under any financing agreement with a Lender or any of Lender’s Affiliates.. [Amount redacted for competitive reasons]

Default on Indebtedness. One or more defaults shall exist under any agreement agreements with any third party or parties (a) which consists of the failure to pay any Indebtedness at maturity or (b) which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness which, in the case of either clause (a) or (b) of this Section 8.6, is in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000100,000) or a default shall exist under any financing agreement with a Lender or any Affiliate of a Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness in an aggregate principal amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with Lender or any of Lender’s 's Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two Hundred Fifty Thousand Dollars ($250,000) or a default shall exist under any financing agreement with Lender or any of Lender’s Affiliates.

Default on Indebtedness. One or more defaults shall exist under any agreement with any third party or parties which consists of the failure to pay any Indebtedness at maturity or which results in a right by such third party or parties, whether or not exercised, to accelerate the maturity of Indebtedness in an aggregate amount in excess of Two One Hundred Fifty Thousand Dollars ($250,000100,000) or a default shall exist beyond any applicable cure period under any other financing agreement with Lender or any of Lender’s 's Affiliates.