Common use of Agreements with Others Clause in Contracts

Agreements with Others. (i) if any Loan Party shall default beyond any grace period in the payment of principal or interest of any Indebtedness of any Loan Party in excess of Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate; or (ii) if any Loan Party otherwise defaults under the terms of any such Indebtedness if the effect of such default is to enable the holder of such Indebtedness to accelerate the payment of any Loan Party’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment or (iii) any “Event of Default” occurs under and as defined in the Citizens Documents or Jet Pay Documents and as a result thereof demand is made on Parent Jet Pay Documents;

Agreements with Others. (i) if any Loan Party shall default beyond any grace period in the payment of principal or interest of any Indebtedness of any Loan Party in excess of Two Hundred Fifty Thousand Dollars ($250,000) in the aggregate; or (ii) if any Loan Party otherwise defaults under the terms of any such Indebtedness if the effect of such default is to enable the holder of such Indebtedness to accelerate the payment of any Loan Party’s obligations, which are the subject thereof, prior to the maturity date or prior to the regularly scheduled date of payment or (iii) if any “Event of Default” occurs under and as defined in the Citizens Documents or Jet Pay Documents and as a result thereof demand is made on Parent Jet Pay DocumentsAD Computer Loan Agreement;