Common use of Default Under Related Agreements or Other Agreements Clause in Contracts

Default Under Related Agreements or Other Agreements. The occurrence and continuance of any Event of Default (as defined in the Purchase Agreement or any Related Agreement) or any event of default (or similar term) under any other indebtedness for borrowed money, which would cause or allow the acceleration of payment of amounts due thereunder in excess of $50,000.

Appears in 3 contracts

Samples: Dynamic Health Products Inc, Dynamic Health Products Inc, Dynamic Health Products Inc

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Default Under Related Agreements or Other Agreements. The occurrence and continuance of any Event of Default (as defined in the Purchase Agreement or any Related Agreement) or any event of default (or similar term) under any other indebtedness for borrowed money, which would cause of the Borrower or allow the acceleration any of payment of amounts due thereunder its Subsidiaries in excess of $50,00050,000 in the aggregate.

Appears in 1 contract

Samples: Trinity Learning Corp

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