Default Under Other Borrowings. Default shall be made with respect to any Indebtedness for Borrowed Money of any of the Borrowers (other than the Loans) if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made with respect to any evidence of indebtedness or liability for borrowed money (other than the Loan) if the effect of such default is to accelerate the maturity of such evidence of indebtedness or liability or to permit the holder or obligee thereof to cause any indebtedness to become due prior to its stated maturity.
Default Under Other Borrowings. (a) Default which continues beyond any applicable grace period shall be made under any obligation of or guaranteed by any of the Borrowers equal to or greater than $250,000, if the effect of such default is to accelerate the maturity of such obligation or to permit the holder or obligee thereof to cause such obligation to become due prior to its stated maturity.
Default Under Other Borrowings. An event of default shall be made with respect to any Indebtedness for Borrowed Money in a principal amount in excess of Two Million Dollars ($2,000,000), either individually or in the aggregate, of the Borrower, Xxxxx UK, NIM Holdings and/or any or all of the Guarantors, other than the Loans, if such Indebtedness for Borrowed Money was not paid when due, after giving effect to any applicable notice and cure period, or if the effect of such event of default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made with respect to any Funded Debt (other than the Loan) if the effect of such default is to accelerate the maturity of such Funded Debt or to permit the holder or obligee thereof or other party thereto to cause any such Funded Debt to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made with respect to any Indebtedness for Borrowed Money of the Borrower or any Domestic Subsidiary of the Borrower (other than the Loans and the Indebtedness for Borrowed Money under the Indenture) in excess of One Million Dollars ($1,000,000) in the aggregate if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. An event of default shall be made with respect to any Indebtedness for Borrowed Money in a principal amount in excess of Two Million Dollars ($2,000,000), either individually or in the aggregate, of the Borrower and/or any or all of the Guarantors, other than the Loans, if the effect of such event of default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made with respect to any Indebtedness for Borrowed Money (other than the Loans) aggregating more than $750,000 if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause any such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. 71 SECTION 9.11
Default Under Other Borrowings. Any of the Borrowers or any Subsidiary or Affiliate of any of the Borrowers (a) shall default in the payment of the FNMA Debt or in the payment of any future indebtedness which repaid or refinanced all or any portion of the FNMA Debt, or any event or condition which constitutes a default under or results in the acceleration of the FNMA Debt or of any such future indebtedness shall occur and remain uncured (and not waived) beyond any applicable notice, grace and/or cure period provided therefor, or (b) shall default in the payment of any other Indebtedness for Borrowed Money in excess of $500,000, or any event or condition which constitutes a default under any other Indebtedness for Borrowed Money in excess of $500,000 shall occur and remain uncured beyond any applicable grace and/or cure period provided therefor and the holder of such Indebtedness for Borrowed Money shall accelerate the maturity of such Indebtedness for Borrowed Money or exercise any other rights and remedies available to such holder as a result of such default.
