Common use of Default Under Other Debt Clause in Contracts

Default Under Other Debt. Any default by any Obligor in the payment of any Debt in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) for any other obligation beyond any period of grace provided with respect thereto or in the performance of any other term, condition or covenant contained in any agreement (including any capital or operating lease or any agreement in connection with the deferred purchase price of property) under which any such obligation is created, the effect of which default is to cause or permit the holder of such obligation (or the other party to such other agreement) to cause such obligation to become due prior to its stated maturity or terminate such other agreement.

Default Under Other Debt. Any payment default by any Obligor in the payment of any Debt with an outstanding principal amount in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) for any other obligation 250,000.00 beyond any period of grace provided with respect thereto shall occur, or an Event of Default in the performance of any other term, condition or covenant contained in any agreement (including any capital or operating lease or any agreement in connection with the deferred purchase price of property) under which any such obligation is created, the effect of which default is to cause or permit the holder of such obligation (or the other party to such other agreement) to cause such obligation in an amount in excess of $250,000.00 to become due prior to its stated maturity or terminate such other agreement.

Default Under Other Debt. Any default by any Obligor in the payment of any Debt (other than Debt subject to a bona fide dispute which is being contested in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00good faith by Borrower) for any other obligation in excess of $250,000.00 beyond any period of grace provided with respect thereto or in the performance of any other term, condition or covenant contained in any agreement (including any capital or operating lease or any agreement in connection with the deferred purchase price of property) under which any such obligation is created, the effect of which default is to cause or permit the holder of such obligation (or the other party to such other agreement) to cause such obligation to become due prior to its stated maturity or terminate such other agreement.

Default Under Other Debt. Any default by any Obligor in the payment of any Debt (other than Debt subject to a bona fide dispute which is being contested in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00good faith by Borrowers) for any other obligation in excess of $250,000.00 beyond any period of grace provided with respect thereto or in the performance of any other term, condition or covenant contained in any agreement (including any capital or operating lease or any agreement in connection with the deferred purchase price of property) under which any such obligation is created, the effect of which default is to cause or permit the holder of such obligation (or the other party to such other agreement) to cause such obligation to become due prior to its stated maturity or terminate such other agreement.

Default Under Other Debt. Any default by any Obligor Obligor, at any one time in the payment of any Debt in an aggregate amount in excess of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) 50,000.00, for any other obligation beyond any period of grace provided with respect thereto or in the performance of any other term, condition or covenant contained in any agreement (including any capital or operating lease or any agreement in connection with the deferred purchase price of property) under which any such obligation is created, the effect of which default is to cause or permit the holder of such obligation (or the other party to such other agreement) to cause such obligation to become due prior to its stated maturity or terminate such other agreement.