Common use of Default on Other Obligations Clause in Contracts

Default on Other Obligations. The Borrower will be in default under the terms of any loan agreement, promissory note, lease, conditional sale contract 18 or other agreement, document or instrument evidencing, governing or securing any indebtedness owing by the Borrower to the Bank or any indebtedness in excess of $10,000,000 owing by the Borrower to any third party, and the period of grace, if any, to cure said default will have passed.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Greater Bay Bancorp)

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Default on Other Obligations. The Borrower will shall be in default under the terms of any loan agreement, promissory note, lease, conditional sale contract 18 or other agreement, document or instrument evidencing, governing or securing any indebtedness owing by the Borrower to the Bank Lender or any indebtedness in excess of $10,000,000 owing by the Borrower to any third party, and the period of grace, if any, to cure said default will shall have passed.

Appears in 1 contract

Samples: Revolving Credit Agreement (Vitrix Inc /Nv/)

Default on Other Obligations. The Borrower will Borrowers shall be in default under the terms of any loan agreement, promissory note, lease, conditional sale contract 18 or other agreement, document or instrument evidencing, governing or securing any indebtedness owing by the any Borrower to the Bank or any affiliate of Bank or U.S. Bancorp, or any indebtedness in excess of $10,000,000 250,000 in the aggregate owing by the Borrower Borrowers to any third party, and the period of grace, if any, to cure said default will shall have passed.

Appears in 1 contract

Samples: Loan and Security Agreement (Insurance Acquisition Corp.)

Default on Other Obligations. The Borrower will be in ---------------------------- default under the terms of any loan agreement, promissory note, lease, conditional sale contract 18 or other agreement, document or instrument evidencing, governing or securing any indebtedness owing by the Borrower to the Bank or any indebtedness in excess of $10,000,000 1,000,000 owing by the Borrower to any third party, and the period of grace, if any, to cure said default will have passed.

Appears in 1 contract

Samples: Term Loan Agreement (Greater Bay Bancorp)

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Default on Other Obligations. The Borrower will shall be in default under the terms of any loan agreement, promissory note, lease, conditional sale contract 18 or other agreement, document or instrument evidencing, evidencing governing or securing any indebtedness owing by the Borrower to the Bank or any indebtedness in excess of $10,000,000 10,000 owing by the Borrower to any third party, and the period of grace, if any, to cure said default will shall have passed.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Vaughn Communications Inc)

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