Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation of the Company or any of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 15 contracts
Sources: Note Agreement (Micro Component Technology Inc), Note Agreement (Micro Component Technology Inc), Convertible Note Agreement (General Environmental Management, Inc)
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation obligation, of the any Company or any of its Subsidiaries (including, without limitation, the indebtedness evidenced by the Subordinated Debt (as defined below)Documentation) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 4 contracts
Sources: Secured Term Note (True North Energy CORP), Secured Term Note (True North Energy CORP), Secured Term Note (True North Energy CORP)
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation of the Company or any of its Subsidiaries (including, without limitation, the indebtedness evidenced by the Subordinated Debt (as defined below)) Documentation beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 3 contracts
Sources: Secured Term Note (Datalogic International Inc), Secured Convertible Term Note (Xfone Inc), Secured Term Note (Datalogic International Inc)
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation obligation, in each case in an aggregate amount of not less than $100,000, of the Company or any of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 2 contracts
Sources: Secured Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.)
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation obligation, in each case in an aggregate amount of not less than $100,000, of the Parent, the Company or any of its their Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 2 contracts
Sources: Secured Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.)
Default Under Other Agreements. The occurrence of any default (or ------------------------------ similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation obligation, in each case in an aggregate amount of not less than $100,000, of the Parent, the Company or any of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 2 contracts
Sources: Secured Term Note (New Century Energy Corp.), Secured Term Note (New Century Energy Corp.)
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness now existing or future indebtedness, preferred equity, or contingent obligation of the Company or any of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)) to Holder or otherwise beyond the relevant stated period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 2 contracts
Sources: Secured Term Note (Implant Sciences Corp), Secured Term Note (Implant Sciences Corp)
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation of the Company or any of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)indebtedness evidenced by the Security Agreement and the Ancillary Agreements) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 1 contract
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation of the for borrowed money, including indebtedness owing by any Company or any of its Subsidiaries (includingto Greystone Business Credit II LLC and/or Federal Partners, without limitation, the Subordinated Debt (as defined below)) L.P. beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;.
Appears in 1 contract
Default Under Other Agreements. The occurrence of any default ------------------------------ (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation obligation, in each case in an aggregate amount of not less than $50,000, of the Parent, the Company or any of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
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Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation of the Company or any of its Subsidiaries in excess of $200,000 in the aggregate (including, without limitation, the indebtedness evidenced by the Subordinated Debt (as defined below)Documentation) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 1 contract
Sources: Securities Purchase Agreement (Modtech Holdings Inc)
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation obligation, in each case in an aggregate amount of the not less than $100,000, of any Company or any Subsidiary of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)) any Company beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 1 contract
Default Under Other Agreements. The occurrence of any default (or similar term) in the observance or performance of any other agreement or condition relating to any indebtedness or contingent obligation of the Company or any of its Subsidiaries (including, without limitation, the Subordinated Debt (as defined below)indebtedness evidenced by the the Security Agreement and the Ancillary Agreements) beyond the period of grace (if any), the effect of which default is to cause, or permit the holder or holders of such indebtedness or beneficiary or beneficiaries of such contingent obligation to cause, such indebtedness to become due prior to its stated maturity or such contingent obligation to become payable;
Appears in 1 contract