Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.
Appears in 3 contracts
Sources: Loan and Security Agreement (Airport Systems International Inc), Loan and Security Agreement (Dataflex Corp), Loan and Security Agreement (Supreme International Corp)
Other Cross-Defaults. The Borrower or any of its Subsidiaries shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.
Appears in 2 contracts
Sources: Loan and Security Agreement (International Comfort Products Corp), Loan Agreement (International Comfort Products Corp)
Other Cross-Defaults. The A Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.
Appears in 2 contracts
Sources: Loan and Security Agreement (Ild Telecommunications Inc), Loan and Security Agreement (Intellicall Inc)
Other Cross-Defaults. The Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could reasonably be expected to have a Materially Adverse Effect.
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Other Cross-Defaults. The Any Borrower shall default in the payment when due or in the performance or observance of any material obligation or condition of any agreement, contract or lease (other than the Security Documents or any such agreement, contract or lease relating to Indebtedness), if the exercise of remedies thereunder by the other party to such agreement could have a Materially Adverse Effect.
Appears in 1 contract