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Common use of Acceleration of Other Debt Clause in Contracts

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.

Appears in 3 contracts

Sources: Refinancing Agreement (Consonus Technologies, Inc.), Refinancing Agreement (Consonus Technologies, Inc.), Refinancing Agreement (Consonus Technologies, Inc.)

Related Clauses

  • Non-Payment of Other Debt
  • Default as to Other Indebtedness
  • Prepayment of Other Indebtedness, Etc
  • Default Under Other Debt
  • Default on Other Indebtedness

Parent Clauses

  • Default
  • EVENTS OF DEFAULT
  • FINANCIAL PERFORMANCE COVENANTS; COMPLIANCE CERTIFICATE
  • FURTHER ASSURANCES
  • Miscellaneous

Sub-Clauses

  • Protection of Collateral
  • Power of Attorney
  • Rights of Enforcement
  • Severability
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