Common use of Agreements with Others Clause in Contracts

Agreements with Others. if Borrower shall default beyond any grace period under any agreement with any creditor for borrowed money in excess of $100,000 and (i) such default consists of the failure to pay any principal, premium or interest with respect to such indebtedness, or (ii) such default consists of the failure to perform any covenant or agreement with respect to such indebtedness if such failure to perform causes Borrower's obligations which are the subject of such agreement to become due prior to the stated maturity date or the regularly scheduled date of payment; or

Appears in 1 contract

Sources: Master Loan and Security Agreement (T&w Financial Corp)

Agreements with Others. if Borrower If Borrowers, or any of them, shall default beyond any grace period under any agreement with respect to any creditor for borrowed money in excess of $100,000 Indebtedness or Subordinated Debt and (i) such default consists of the failure to pay any principal, premium or interest with respect to such indebtedness, Indebtedness or (ii) such default consists of the failure to perform any covenant or agreement with respect to such indebtedness Indebtedness, if such failure to perform causes Borrower's obligations which are the subject effect of such agreement default is to cause or permit such Indebtedness to become due prior to the stated its maturity date or the prior to its regularly scheduled date of payment; or;

Appears in 1 contract

Sources: Credit Agreement (Adcare Health Systems, Inc)

Agreements with Others. if Borrower Borrowers, or any of them, shall default beyond any grace period under any agreement with respect to any creditor for borrowed money in excess of $100,000 Indebtedness or Subordinated Debt and (i) such default consists of the failure to pay any principal, premium or interest with respect to such indebtedness, Indebtedness or (ii) such default consists of the failure to perform any covenant or agreement with respect to such indebtedness Indebtedness, if such failure to perform causes Borrower's obligations which are the subject effect of such agreement default is to cause or permit such Indebtedness to become due prior to the stated its maturity date or the prior to its regularly scheduled date of payment; or;

Appears in 1 contract

Sources: Credit Agreement (Prospect Medical Holdings Inc)