Common use of Notice of Claimed Default Clause in Contracts

Notice of Claimed Default. Promptly upon receipt by Borrower of a notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender.

Appears in 6 contracts

Samples: Loan Documents (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services, Inc.), Loan and Security Agreement (Newtek Business Services, Inc.)

AutoNDA by SimpleDocs

Notice of Claimed Default. Promptly upon receipt by Borrower of a Borrower, written notice of default, oral or written, default given to Borrower by any creditor for Indebtedness for borrowed moneymoney with an aggregate amount in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00), or otherwise holding long term Indebtedness of Borrower in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender.Borrower; and

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (Rti Surgical, Inc.)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a any Borrower, notice of default, oral or written, given to such Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower money in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender50,000.

Appears in 3 contracts

Samples: Loan and Security Agreement (New York Health Care Inc), Loan and Security Agreement (Healthessentials Solutions Inc), Loan and Security Agreement (Orion Healthcorp Inc)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower money in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender.50,000;

Appears in 3 contracts

Samples: Loan and Security Agreement (Fidelity Leasing Inc), Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Resource America Inc)

Notice of Claimed Default. Promptly upon receipt by Borrower of a notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Administrative Agent and each Lender.. (f)

Appears in 2 contracts

Samples: Loan and Security Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services Corp.)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower or any Subsidiary Guarantor by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of Fifty Five Hundred Thousand Dollars ($50,000.00500,000), Borrower shall give notice of the same to Lender.;

Appears in 2 contracts

Samples: Loan and Security Agreement (Resource America, Inc.), Loan and Security Agreement (Resource America Inc)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower or any Subsidiary Guarantor by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of Fifty Two Million Five Hundred Thousand Dollars ($50,000.002,500,000), Borrower shall give notice of the same to Lender.;

Appears in 2 contracts

Samples: Loan and Security Agreement (Alesco Financial Inc), Loan and Security Agreement (Alesco Financial Inc)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of One Hundred Fifty Thousand Dollars ($50,000.00150,000), Borrower shall give notice of the same to Lender.;

Appears in 1 contract

Samples: Loan and Security Agreement (KeyStone Solutions, Inc.)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower money in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender.50,000;

Appears in 1 contract

Samples: Revolving Loan Agreement (Harris & Harris Group Inc /Ny/)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower Borrower, in either case, in excess of Fifty Twenty Five Thousand Dollars ($50,000.0025,000.00), Borrower shall give notice of the same to Lender.; and

Appears in 1 contract

Samples: Loan and Security Agreement ('Mktg, Inc.')

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of Fifty Ten Thousand Dollars ($50,000.0010,000.00), Borrower shall give notice of the same to Lender.;

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

AutoNDA by SimpleDocs

Notice of Claimed Default. Promptly promptly upon receipt by Borrower Borrower, a copy of a any notice of default, oral or written, given to Borrower Borrower, or any of them, by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower Borrower, or any of them, in excess of Two Hundred Fifty Thousand Dollars ($50,000.00250,000), Borrower shall give notice of the same to Lender.; and

Appears in 1 contract

Samples: Loan and Security Agreement (Resource America Inc)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, money or otherwise holding long other long-term Indebtedness of Borrower in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender250,000.00.

Appears in 1 contract

Samples: Loan and Security Agreement (American Technical Ceramics Corp)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to such Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender.;

Appears in 1 contract

Samples: Loan and Security Agreement (Newtek Business Services Inc)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower or any Guarantor by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower or such Guarantor in excess of Fifty Two Million Five Hundred Thousand Dollars ($50,000.002,500,000), Borrower shall give notice of the same to Lender.;

Appears in 1 contract

Samples: Loan and Security Agreement (COHEN & Co INC.)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of Fifty Thousand Dollars ($50,000.0050,000), Borrower shall give notice of the same to Lender.; and

Appears in 1 contract

Samples: Loan and Security Agreement (Blonder Tongue Laboratories Inc)

Notice of Claimed Default. Promptly promptly upon receipt by Borrower of a Borrower, notice of default, oral or written, given to Borrower or any Surety by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower money in excess of Fifty Five Hundred Thousand Dollars ($50,000.00500,000), Borrower shall give notice of the same to Lender.; and

Appears in 1 contract

Samples: Loan and Security Agreement (Colony Rih Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.