Common use of Other Debts Clause in Contracts

Other Debts. Borrower shall default in connection with any ----------- agreement for Debt with any creditor other than Lender which entitles said creditor to accelerate the maturity thereof, where the aggregate principal amount of such Debt is in excess of $1,000,000.

Appears in 2 contracts

Samples: Loan Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust), Negative Pledge and Agreement (Hooker Furniture Corp)

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Other Debts. Borrower shall default in connection with any ----------- agreement for Debt indebtedness for borrowed money of $10,000,000 or more with any creditor other than Lender which entitles said creditor to accelerate the maturity thereof, where the aggregate principal amount of such Debt is in excess of $1,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Magellan Health Services Inc)

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Other Debts. Borrower or any Subsidiary shall default in connection with any ----------- agreement for Debt in excess of One Million Dollars ($1,000,000), with any creditor other than Lender which entitles said creditor to accelerate the maturity thereof, where the aggregate principal amount of such Debt is in excess of $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Theragenics Corp)

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