Common use of Default Under Other Borrowings Clause in Contracts

Default Under Other Borrowings. Default shall be made with respect to any Indebtedness for Borrowed Money (other than the Loans) in an aggregate outstanding principal amount in excess of Three Million Dollars ($3,000,000) if the default is a failure to pay at maturity or if the effect of such default is

Default Under Other Borrowings. Default shall be made with respect to any Indebtedness evidence of indebtedness or liability for Borrowed Money borrowed money of more than $25,000 (other than the Loans) in an aggregate outstanding principal amount in excess of Three Million Dollars ($3,000,000) if the default is a failure to pay at maturity or if the effect of such default isis to accelerate the maturity of such evidence of indebtedness or liability or to permit the holder or obligee thereof to cause any indebtedness to become due prior to its stated maturity.

Default Under Other Borrowings. Default shall be made with respect to any Indebtedness evidence of indebtedness or liability for Borrowed Money borrowed money in excess of $5,000,000 (other than the LoansLoan) in an aggregate outstanding principal amount or any operating or capital lease having a value in excess of Three Million Dollars ($3,000,000) if the default is a failure to pay at maturity or 5,000,000 if the effect of such default isis to accelerate the maturity of such evidence of indebtedness or liability.

Default Under Other Borrowings. Default shall be made with respect to any Indebtedness evidence of indebtedness or liability for Borrowed Money borrowed money (other than the LoansLoan) in an aggregate outstanding having a principal amount in excess of Three Million Dollars ($3,000,000) if the default is 1,000,000 or any operating or capital lease having a failure to pay at maturity or value in excess of $1,000,000 if the effect of such default isis to accelerate the maturity of such evidence of indebtedness or liability.

Default Under Other Borrowings. Default shall be made with respect to any Indebtedness evidence of indebtedness or liability for Borrowed Money borrowed money in excess of $500,000 (other than the Loans) in an aggregate outstanding principal amount in excess of Three Million Dollars ($3,000,000) if the default is a failure to pay at maturity or if the effect of such default isis to accelerate the maturity of such evidence of indebtedness or liability or to permit the holder or obligee thereof to cause any indebtedness to become due prior to its stated maturity.

Default Under Other Borrowings. Default shall be made with respect to any Indebtedness for Borrowed Money (other than the LoansLoan) in an amount individually or in the aggregate outstanding principal amount in excess of Three Two Million Dollars ($3,000,0002,000,000) if the default is a failure to pay at maturity or if the effect of such default isis to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity. (r) Section 7.1.11