Common use of Default Under Other Indebtedness Clause in Contracts

Default Under Other Indebtedness. Borrower shall not permit any of its material Indebtedness to be in default. If any Indebtedness of Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. No Borrower shall not will permit any of its material Indebtedness for borrowed money or Capitalized Leases to be in default. If any Indebtedness for borrowed money or Capitalized Leases of any Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of BorrowerBorrowers, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower Borrowers will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall will not permit any of its material Indebtedness to be in defaultdefault if such default could reasonably be expected to result in a Material Adverse Effect. If any Indebtedness of Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or or, to the knowledge of Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall will not permit any of its material Indebtedness to be in default. If any Indebtedness of Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrowerdefault, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage expiration of timeany cure period, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. No Borrower shall not will permit any of its material ---- -------------------------------- Indebtedness to be in default. If any Indebtedness of a Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of any Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower Borrowers will immediately give Bank Agent written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall not permit any of its material Recourse Indebtedness to be in default. If any Recourse Indebtedness of Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrower, the holder of any such Recourse Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Recourse Indebtedness to be so due and payable, Borrower will immediately give Bank Lender written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall not permit -------------------------------- any of its material Indebtedness to be in default. If any Indebtedness of Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall not permit any of its material Indebtedness to be in default. If any Indebtedness of Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately shall promptly give Bank Lender written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall will not permit any of its material Indebtedness to be in default. If any Indebtedness of Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall The Obligors will not permit --------------------------------- any of its material their Indebtedness to be in default. If any Indebtedness of Borrower the Obligors is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrowerany Obligor, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower the Obligors will immediately promptly give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall The Borrowers will not permit any of its material their Indebtedness in excess of $100,000 to be in default. If any Indebtedness of Borrower the Borrowers is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of any Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower the Borrowers will immediately promptly give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Neither Borrower shall not nor Guarantor will permit any of its material Indebtedness to be in default. If any Indebtedness of Borrower or Guarantor is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of BorrowerBorrower or Guarantor, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower or Guarantor will immediately give Bank Lender written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. No Borrower shall not will permit any of its material Indebtedness to be in default. If any Indebtedness of a Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or or, to the knowledge of any Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, such Borrower will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. No Borrower shall not will permit any of its material Indebtedness to be in default. If any Indebtedness of a Borrower is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of any Borrower, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payablepayable by any Borrower, Borrower Borrowers will immediately give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Borrower shall not No Obligor will permit any of its material Indebtedness to be in default. If any Indebtedness of Borrower such Obligor is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of Borrowersuch Obligor, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately promptly give Bank written notice of such declaration, acceleration or right of declaration.

Default Under Other Indebtedness. Neither Borrower shall not nor any Guarantor will permit any of its material Indebtedness to be in default. If any Indebtedness of Borrower or any Guarantor is declared or becomes due and payable before its expressed maturity by reason of default or otherwise or to the knowledge of BorrowerBorrower or any Guarantor, the holder of any such Indebtedness shall have the right (or upon the giving of notice or the passage of time, or both, shall have the right) to declare such Indebtedness to be so due and payable, Borrower will immediately give Bank Lender written notice of such declaration, acceleration or right of declaration.