Acceleration of Other Debt Sample Clauses
The "Acceleration of Other Debt" clause allows a lender to demand immediate repayment of a loan if the borrower defaults on other significant debts. In practice, this means that if the borrower fails to pay or breaches the terms of another loan or credit agreement, the lender under this agreement can treat that event as a default and require the full outstanding balance to be paid at once. This clause serves to protect the lender by providing an early warning mechanism and a right to act if the borrower's overall financial stability is threatened, thereby reducing the lender's risk exposure.
Acceleration of Other Debt. The acceleration of the maturity of any indebtedness for borrowed money of the Borrower owing to any other Person in an amount in excess of $20,000,000.00, provided however, if the documents evidencing the accelerated indebtedness do not provide for a cure period prior to acceleration and the Borrower causes the acceleration to be rescinded within thirty (30) days after the date of acceleration, then the event of Default under this paragraph 9.9 will be deemed to be cured as a result of such rescission of acceleration within such thirty (30) day period. If the Borrower cures or causes to be cured such Default within thirty (30) days after receiving written notice thereof, the parties will be restored to their respective rights and obligations under this Agreement as if no Default had occurred, except that no right to cure will be given as to events of Default in paragraphs 9.1, 9.5, 9.6, 9.7 or 9.9 of this Agreement.
Acceleration of Other Debt. The acceleration, by the holder thereof, of the maturity of $50,000 or more of any other debt owed by Strategic.
Acceleration of Other Debt. The acceleration of the maturity of any indebtedness for borrowed money of the Company owing to any other Person in an amount in excess of US$250,000,000.00, provided however, if the documents evidencing the accelerated indebtedness do not provide for a cure period prior to acceleration and the Company causes the acceleration to be rescinded within sixty (60) days after the date of acceleration, then the event of Default under this Section 7 will be deemed to be cured as a result of such rescission of acceleration within such sixty (60) day period. If the Company cures or causes to be cured such Default within sixty (60) days after receiving written notice thereof, the parties will be restored to their respective rights and obligations under this Agreement as if no Default had occurred.
Acceleration of Other Debt. BREACH OF LEASE.............................................................85 10.7
Acceleration of Other Debt. The occurrence of any event such that any Indebtedness of any Borrower in excess of $500,000.00, to any creditor other than any Agent or any Lender could be accelerated (whether or not the subject creditor takes any action on account of such occurrence).
Acceleration of Other Debt. The occurrence of any event such that Indebtedness of any Borrower in excess of $1,000,000 to any creditor (other than any Agent or any Lender) incurred subsequent to the Filing Date could be accelerated unless, prior to the acceleration of the Liabilities on account of such occurrence, the other creditor duly waives such default and evidence of such written waiver is provided to the Administrative Agent.
Acceleration of Other Debt. The occurrence of any event such that any Indebtedness of the Borrower to any creditor other than the Lender in excess of $25,000.00 has been accelerated.
Acceleration of Other Debt. BREACH OF LEASE. The occurrence of any event such that any Indebtedness in excess of $2,500,000 of the Borrower to any creditor other than the Agent, any Revolving Credit Lender or any Term Loan Lender could be accelerated or, without the consent of the Borrower, any Capital Lease valued in excess of $2,500,000 or more than Three (3) Leases could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).
Acceleration of Other Debt. Breach of Lease............................ 83 10.7
Acceleration of Other Debt. The occurrence of any event such that any Indebtedness of Borrower to any creditor other than Lender has been accelerated and has not been cured within five (5) business days.