Common use of Other Debts Clause in Contracts

Other Debts. Borrower, any Subsidiary or any Guarantor shall default in connection with any agreement for Debt exceeding the Materiality Threshold with any creditor, including Lender, which entitles said creditor to accelerate the maturity thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Natural Alternatives International Inc), Loan and Security Agreement (Tag It Pacific Inc), Loan and Security Agreement (National Rv Holdings Inc)

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Other Debts. Borrower, any Subsidiary or any Guarantor shall default in connection with any agreement for Debt exceeding the Materiality Threshold with any creditor, including Lender, which automatically causes an acceleration in the maturity thereof or which entitles said creditor to accelerate the maturity thereof, and such creditor actually causes such acceleration of maturity to occur.

Appears in 1 contract

Samples: Loan and Security Agreement (Haemacure Corp)

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