Common use of Other Indebtedness and Agreements Clause in Contracts

Other Indebtedness and Agreements. Failure by Debtor to pay, when due (or, if permitted by the terms of any applicable documentation, within any applicable grace period), any indebtedness owing by Debtor to Secured Party or any other person or entity (other than the Indebtedness incurred pursuant to this Agreement, and including, without limitation, indebtedness evidencing a deferred purchase price), whether such indebtedness shall become due by scheduled maturity, by required prepayment, by acceleration, by demand, or otherwise, or failure by the Debtor to perform any term, covenant, or agreement on its part to be performed under any agreement or instrument (other than a Transaction Document) evidencing or securing or relating to any indebtedness owing by Debtor when required to be performed if the effect of such failure is to permit the holder to accelerate the maturity of such indebtedness.

Appears in 3 contracts

Samples: Loan and Security Agreement (FFP Marketing Co Inc), Loan and Security Agreement (FFP Partners L P), Loan and Security Agreement (FFP Partners L P)

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Other Indebtedness and Agreements. Failure by Debtor to pay, pay when due (or, if permitted by the terms of any applicable documentation, within any applicable grace period), ) any indebtedness owing by Debtor to Secured Party or any other person or entity (other than the Indebtedness incurred pursuant to this Agreement, Agreement and including, without limitation, limitation indebtedness evidencing a deferred purchase price), whether such indebtedness shall become due by scheduled maturity, by required prepayment, by acceleration, by demand, demand or otherwise, or failure by the Debtor to perform any term, covenant, or agreement on its part to be performed under any agreement or instrument (other than a Transaction Document) evidencing or securing or relating to any indebtedness owing by Debtor when required to be performed if the effect of such failure is to permit the holder to accelerate the maturity of such indebtedness.

Appears in 2 contracts

Samples: Loan and Security Agreement (Delsoft Consulting Inc), Loan and Security Agreement (Computone Corporation)

Other Indebtedness and Agreements. Failure by Debtor to pay, when due due, (or, if permitted by the terms of any applicable documentation, within any applicable grace period), ) any indebtedness owing by Debtor to Secured Party or any other person or entity (other than the Indebtedness incurred pursuant to this Agreement, Agreement and including, without limitation, indebtedness evidencing a deferred purchase price), whether such indebtedness shall become due by scheduled maturity, by required prepayment, by acceleration, by demand, or otherwise, or failure by the Debtor to perform any term, covenant, or agreement on its part to be performed under any agreement or instrument (other than a Transaction Document) evidencing or securing or relating to any indebtedness owing by Debtor when required to be performed if the effect of such failure is to permit the holder to accelerate the maturity of such indebtedness.

Appears in 1 contract

Samples: Loan and Security Agreement (Otr Express Inc/Ks)

Other Indebtedness and Agreements. Failure by Debtor to pay, pay when due (or, if permitted by the terms of any applicable documentation, within any applicable grace period), ) any indebtedness owing by Debtor to Secured Party or any other person or entity (other than the Indebtedness incurred pursuant to this Agreement, Agreement and including, without limitation, limitation indebtedness evidencing a deferred purchase price), whether such indebtedness shall become due by scheduled maturity, by required prepayment, by acceleration, by demand, demand or otherwise, or failure by the Debtor to perform any term, covenant, or agreement on its part to be performed under any agreement or instrument (other than a Transaction Document) evidencing or securing or relating to any indebtedness owing by Debtor when required to be performed if the effect of such failure is to permit the holder to accelerate the maturity of such indebtedness., unless Debtor is contesting such matter in good faith with appropriate proceedings and reserves. (h)

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

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Other Indebtedness and Agreements. Failure by either Debtor to pay, when due (or, if permitted by the terms of any applicable documentation, within any applicable grace period), ) any indebtedness in excess of the Threshold Amount owing by either Debtor to Secured Party or any other person or entity Person (other than the Indebtedness incurred pursuant to this Agreement, and including, without limitation, indebtedness evidencing a deferred purchase price), whether such indebtedness shall become due by scheduled maturity, by required prepayment, by acceleration, by demand, or otherwise, or failure by the either Debtor to perform any term, covenant, or agreement on its part to be performed under any agreement or instrument (other than a Transaction Document) evidencing or securing or relating to any such indebtedness owing by such Debtor when required to be performed if the effect of such failure is to permit the holder to accelerate the maturity of such indebtedness.

Appears in 1 contract

Samples: Loan and Security Agreement (Elecsys Corp)

Other Indebtedness and Agreements. Failure by Debtor to pay, when due (or, if permitted by the terms of any applicable documentation, within any applicable grace period), ) any indebtedness owing by Debtor to Secured Party Agent or any Lender or any other person or entity (other than the Indebtedness incurred pursuant to this Agreement, and including, without limitation, indebtedness evidencing a deferred purchase price), whether such indebtedness shall become due by scheduled maturity, by required prepayment, by acceleration, by demand, or otherwise, or failure by the Debtor to perform any term, covenant, or agreement on its part to be performed under any agreement or instrument (other than a Transaction Document) evidencing or securing or relating to any indebtedness owing by Debtor when required to be performed if the effect of such failure is to permit the holder to accelerate the maturity of such indebtedness.

Appears in 1 contract

Samples: Loan and Security Agreement (Sigmatron International Inc)

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