Common use of Acceleration of Other Indebtedness Clause in Contracts

Acceleration of Other Indebtedness. Any event or condition shall occur which results in the acceleration of the maturity of any Indebtedness of, or guaranteed by, either Borrower, any other Obligor or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (other than the Indebtedness under this Agreement and any Notes), including without limitation the Senior Secured Loans and the Term Loans, or enables the holder or holders of such other Indebtedness or any trustee or agent for such holders to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Companies Inc)

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Acceleration of Other Indebtedness. Any event or condition shall occur which results in the acceleration of the maturity of any Indebtedness of, or guaranteed by, either any Borrower, any other Obligor or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (other than the Indebtedness under this Agreement and any Notes), including without limitation the Senior Secured Loans and the Term Loans, or enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.;

Appears in 1 contract

Samples: Credit and Security Agreement (Simon Transportation Services Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, either Borrower, any other Obligor the Company or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (other than the Indebtedness under this Agreement and any evidenced by the Notes), including without limitation the Senior Secured Loans and the Term Loans, ) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (NPC International Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which results in the acceleration of the maturity of any Indebtedness of, or guaranteed by, either Borrower, any other Obligor the Company or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (other than (i) any Indebtedness of any Subsidiary to the Company or to any other Subsidiary and (ii) the Indebtedness under this Agreement and any Notes), including without limitation evidenced by the Senior Secured Loans and the Term Loans, Note) or enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (Executone Information Systems Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, either Borrower, any other Obligor the Company or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (other than the Indebtedness under this Agreement and any Notes), including without limitation evidenced by the Senior Secured Loans and the Term Loans, Note) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (NPC International Inc)

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Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for NPCI and its Subsidiaries) of $1,000,000 of, or guaranteed by, either Borrower, any other Obligor the Company or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 Guarantor (other than the Indebtedness under this Agreement and any evidenced by the Notes), including without limitation the Senior Secured Loans and the Term Loans, ) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (NPC International Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which results in the acceleration of the maturity of any Indebtedness of, or guaranteed by, either Borrower, any other Obligor or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (other than the Indebtedness under this Agreement and any Notes), including without limitation the First Mortgage Loans, the Senior Secured Loans and the Term Loans, or enables the holder or holders of such other Indebtedness or any trustee or agent for such holders to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer East Inc)

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