Defaults on Other Obligations. Fail to perform, observe or comply duly with any covenant, agreement or other obligation to be performed, observed or complied with by any Loan Party, subject to any grace or cure periods provided therein, which failure could have a Material Adverse Effect.
Defaults on Other Obligations. There exists a default in the performance of any other agreement or obligation for the payment of borrowed money, for the deferred purchase price of property or services, or for the payment of rent under any lease, whether by acceleration or otherwise, which would permit such obligation to be declared due and payable prior to its stated maturity; and such default continues for 30 days after Borrower receives written notice thereof from the creditor so affected;
Defaults on Other Obligations. There exists a default by Borrower, Guarantor, or any Material Subsidiary in the performance of any other agreement or obligation for the payment of borrowed money, for the deferred purchase price of property or services, or for the payment of rent under any lease, whether by acceleration or otherwise, which would permit such obligation to be declared due and payable prior to its stated maturity, with any such occurrence to be a Default immediately if the obligation concerned exceeds $500,000 or, if such occurrence is with regard to an obligation of $500,000 or less, if such default continues for 30 days after Borrower, Guarantor, or such Material Subsidiary, as the case may be, receives written notice thereof from the creditor so affected;
Defaults on Other Obligations. There exists a default in the ----------------------------- performance by any Subsidiary of any agreement or obligation for the payment of borrowed money, for the deferred purchase price of property or services, or for the payment of rent under any lease, whether by acceleration or otherwise, which would permit such obligation to be declared due and payable prior to its stated maturity; and such default continues for 30 days after such Subsidiary receives written notice thereof from the creditor so affected;
Defaults on Other Obligations. Any Loan Party (i) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) greater than $2,500,000 and such failure continues after the applicable grace or notice period, if any, specified in the relevant document on the date of such failure except to the extent the validity or amount thereof is being contested in good faith by such Borrower with reserves maintained in amounts satisfactory to the Lender; or (ii) fails to perform or observe any other condition or covenant, or any other event shall occur or condition exist, under any agreement or instrument relating to any such Indebtedness or Guarantee and such failure continues after the applicable grace or notice period, if any, specified in the relevant document on the date of such failure, if the effect of such failure, event or condition is to cause, or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause such Indebtedness to be declared to be due and payable prior to its stated maturity, or such Guarantee to become payable.
Defaults on Other Obligations default by Debtor or any Obligor (i) in any payment of principal of or interest on any other indebtedness, guaranty or other obligation (whether to Secured Party or others) beyond any period of grace provided with respect thereto, or (ii) in the performance of any other agreement, term or condition if the effect of such default is to cause such obligation to become due on demand or before its stated maturity or to permit the holder(s) of such obligation or the trustee(s) under any such agreement or instrument to cause such obligation to become due on demand or prior to its stated maturity, whether or not such default or failure to perform should be waived by the holder(s) of such obligation or such trustee(s).
Defaults on Other Obligations. There exists a default by Borrower or any Subsidiary, unless such default disputed in good faith and reserved for, if appropriate, in (i) the performance of any other material agreement or obligation for the payment of borrowed money, or (ii) payment of the deferred purchase price of property or services, or (iii) the payment of rent under any lease, whether by acceleration or otherwise, that would permit such obligation to be declared due and payable prior to its stated maturity; such default continues for 30 days after Borrower (or such Subsidiary) receives written notice thereof from the creditor so affected; the result of such creditor exercising its default remedies shall materially adversely affect Borrower’s financial condition; and Borrower does not in good faith dispute the obligation.
Defaults on Other Obligations. Section 6.1 (d) is amended to read as follows:
Defaults on Other Obligations. There shall exist a material default in the performance of any other material agreement or obligation for the payment of borrowed money, for the deferred purchase price of property or services, for the payment of rent under any lease, or the Borrower shall fail to observe or perform any negative pledge or other covenant restricting liens under any material agreement to which the Borrower is a party on the date hereof, as such covenant is in effect on the date hereof, and such default shall have continued for thirty (30) days after the Borrower has become aware of such default.
Defaults on Other Obligations. Fail to perform, observe or comply duly with any covenant, agreement or other obligation to be performed, observed or complied with by any Credit Party, subject to any grace periods provided therein, which failure shall have a Material Adverse Effect on any Credit Party and its Subsidiaries (taken as a whole) or on its ability to pay or perform its obligations under or with respect to any of the Debt.
