Common use of Default Under Other Indebtedness Clause in Contracts

Default Under Other Indebtedness. The occurrence of any event which results in the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) owing by Debtor to any third party under any agreement or understanding.

Appears in 3 contracts

Samples: Loan and Security Agreement (Community Choice Financial Inc.), Loan and Security Agreement (Enova International, Inc.), Loan and Security Agreement (Atsi Communications Inc/De)

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Default Under Other Indebtedness. The occurrence of any event which results in the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00500,000.00) owing by Debtor to any third party under any agreement or understanding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dawson Geophysical Co), Loan and Security Agreement (Dawson Geophysical Co)

Default Under Other Indebtedness. The occurrence of any event which results in permits the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE TWO HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00200,000.00) owing by Debtor any Obligor to any third party under any agreement or understanding.

Appears in 2 contracts

Samples: Loan and Security Agreement (Legacy Housing Corp), Loan and Security Agreement (Legacy Housing Corp)

Default Under Other Indebtedness. The occurrence of any event which results in the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00500,000.00) owing by Debtor any Obligor to any third party under any agreement or understanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Avatar Systems Inc)

Default Under Other Indebtedness. The occurrence and continuance of any event of default under any agreement (beyond any applicable notice and cure or grace period) governing or evidencing indebtedness for borrowed money which results in permits the acceleration of the maturity of any such indebtedness for borrowed money in an aggregate principal amount in excess of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) owing by Debtor any Obligor to any third party under any agreement or understanding.

Appears in 1 contract

Samples: Loan Agreement (Onstream Media CORP)

Default Under Other Indebtedness. The occurrence of any event which results in the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) owing by any Debtor to any third party under any agreement or understanding.

Appears in 1 contract

Samples: Pledge and Security Agreement (United eSystems, Inc.)

Default Under Other Indebtedness. The occurrence of any event which results in permits the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) owing by Debtor any Obligor to any third party under any agreement or understanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Avatar Systems Inc)

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Default Under Other Indebtedness. The occurrence of any event which results in the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) owing by Debtor any Obligor to any third party under any agreement or understanding. LOAN AND SECURITY AGREEMENT – PAGE THERMO CREDIT, LLC – FLINT TELECOM GROUP, INC.

Appears in 1 contract

Samples: Loan and Security Agreement (Flint Telecom Group Inc.)

Default Under Other Indebtedness. The occurrence of any event which results in the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE HUNDRED THOUSAND AND NO/100 MILLION DOLLARS ($100,000.001,000,000) owing by Debtor to any third party under any agreement or understanding.

Appears in 1 contract

Samples: Loan and Security Agreement (Enova International, Inc.)

Default Under Other Indebtedness. The occurrence of any event which results in the acceleration of the maturity of any indebtedness for borrowed money in an aggregate principal amount in excess of ONE TWO HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($100,000.00250,000.00) owing by Debtor to any third party under any agreement or understanding.

Appears in 1 contract

Samples: Loan and Security Agreement (TGC Industries Inc)

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