Cross-Acceleration. (i) The Company or any Subsidiary (other than a Non-Recourse Subsidiary): (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Specified Indebtedness or (B) fails to observe or perform any other agreement or condition relating to any such Specified Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, (i) such Specified Indebtedness which does not constitute a Guarantee to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), prior to its stated maturity, or (ii) such Specified Indebtedness which constitutes a Guarantee to become payable or cash collateral in respect thereof to be demanded, and in any such case, such failure shall continue after the end of any applicable grace period for such payment; or (ii) There occurs under any particular Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from: (A) any event of default under such Swap Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as defined under such Swap Contract) as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than $120,000,000, and in any such case such failure shall continue after the end of any applicable grace period for such payment; or
Appears in 1 contract
Sources: Credit Agreement (Reinsurance Group of America Inc)
Cross-Acceleration. (i) The Company or any Subsidiary (other than a Non-Recourse Subsidiary):
(A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwiseotherwise but after giving effect to any applicable grace periods) in respect of any Specified Indebtedness or
or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate outstanding principal amount (including undrawn or committed available amounts and amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform (after giving effect to any applicable grace periods) any other agreement or condition relating to any such Specified Indebtedness or Guarantee contained in any instrument or agreement evidencing, securing or relating thereto, thereto or any other event occursof default occurs under the terms of (and as defined in) any such instrument or agreement, in each case the effect of which default failure or other event of default is to cause, (i) such Specified Indebtedness which does not constitute a Guarantee to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), prior to its stated maturity, cause the acceleration of the maturity thereof; or (ii) such Specified Indebtedness which constitutes a Guarantee to become payable or cash collateral in respect thereof to be demanded, and in any such case, such failure shall continue after the end of any applicable grace period for such payment; or
(ii) There there occurs under any particular Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from:
from (A) any event of default under such Swap Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is the Defaulting Party (or equivalent term, as defined in such Swap Contract) or
or (B) any Termination Event (as defined so defined) under such Swap Contract) Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is an Affected Party (as defined in such Swap Contractso defined) and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than $120,000,000the Threshold Amount, and in any such the case such failure shall continue after the end of any applicable grace period for Early Termination Date resulting from such paymenta Termination Event, such Early Termination Date is not rescinded or such Swap Termination Value is not paid within five (5) days following such Early Termination Date; or
Appears in 1 contract
Sources: Credit Agreement (Grainger W W Inc)
Cross-Acceleration. (i) The Company or any Subsidiary (other than a Non-Recourse Subsidiary):
(A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Specified Indebtedness or
(B) fails to observe or perform any other agreement or condition relating to any such Specified Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, and, in either event, the effect of which default or other event is to cause, : (i) such Specified Indebtedness which does not constitute a Guarantee to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), prior to its stated maturity, or (ii) such Specified Indebtedness which constitutes a Guarantee to become payable or cash collateral in respect thereof to be demanded, and in any such case, such failure shall continue after the end of any applicable grace period for such payment; or
(ii) There occurs under any particular Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from:
(A) any event of default under such Swap Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is the Defaulting Party (as defined in such Swap Contract) or
(B) any Termination Event (as defined under such Swap Contract) as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than $120,000,000175,000,000, and in any such case such failure shall continue after the end of any applicable grace period for such payment; or
Appears in 1 contract
Sources: Credit Agreement (Reinsurance Group of America Inc)
Cross-Acceleration. (i) The Company or any Subsidiary (other than a Non-Recourse Subsidiary):
(A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, demand or otherwiseotherwise but after giving effect to any applicable grace periods) in respect of any Specified Indebtedness or
or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate outstanding principal amount (including undrawn or committed available amounts and amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount or (B) fails to observe or perform (after giving effect to any applicable grace periods) any other agreement or condition relating to any such Specified Indebtedness or Guarantee contained in any instrument or agreement evidencing, evidencing or securing such Indebtedness or Guarantee or relating thereto, thereto or any other event occursof default occurs under the terms of (and as defined in) any such instrument or agreement, in each case the effect of which default failure or other event of default is to cause, (i) such Specified Indebtedness which does not constitute a Guarantee to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), prior to its stated maturity, cause the acceleration of the maturity thereof; or (ii) such Specified Indebtedness which constitutes a Guarantee to become payable or cash collateral in respect thereof to be demanded, and in any such case, such failure shall continue after the end of any applicable grace period for such payment; or
(ii) There there occurs under any particular Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from:
from (A) any event of default under such Swap Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is the Defaulting Party (or equivalent term, as defined in such Swap Contract) or
or (B) any Termination Event (as defined so defined) under such Swap Contract) Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is an Affected Party (as defined in such Swap Contractso defined) and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than $120,000,000the Threshold Amount, and in any such the case such failure shall continue after the end of any applicable grace period for Early Termination Date resulting from such paymenta Termination Event, such Early Termination Date is not rescinded or such Swap Termination Value is not paid within five (5) days following such Early Termination Date; or
Appears in 1 contract
Cross-Acceleration. (i) The Company Any Loan Party or any Restricted Subsidiary fails to observe or perform any agreement (other than a Non-Recourse Subsidiary):
(A) fails including failure to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise)) in respect of any Specified Indebtedness or
(B) fails to observe or perform any other agreement or condition relating to any such Specified Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) of more than the Threshold Amount or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, (i) with the giving of notice if required, such Specified Indebtedness which does not constitute a Guarantee to be demanded or to become immediately due or to be and payable, repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or (ii) such Specified Indebtedness which constitutes a Guarantee to become payable or cash collateral in respect thereof to be demanded, and in any such case, such failure shall continue after the end of any applicable grace period for such payment; or
or (ii) There there occurs under any particular Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from:
from (A) any event of default under such Swap Contract as to which the Company Borrower or any Restricted Subsidiary (other than a Non-Recourse Subsidiary) is the Defaulting Party (as defined in such Swap Contract) or
or (B) any Termination Event (as defined so defined) under such Swap Contract) Contract as to which the Company Borrower or any Restricted Subsidiary (other than a Non-Recourse Subsidiary) is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by the Company Loan Party or such Restricted Subsidiary as a result thereof is greater than $120,000,000, and in any such case such failure shall continue after the end of any applicable grace period for such paymentThreshold Amount; or
Appears in 1 contract
Sources: Senior Secured Second Lien Credit Agreement (Dynatrace Holdings LLC)
Cross-Acceleration. (i) The Company or any Subsidiary (other than a Non-Recourse Subsidiary):
Subsidiary (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Specified Indebtedness or
or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $100,000,000, or (B) fails to observe or perform any other agreement or condition relating to any such Specified Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, (i) such Specified Indebtedness which does not constitute a Guarantee to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), prior to its stated maturity, or (ii) such Specified Indebtedness which constitutes a Guarantee to become payable or cash collateral in respect thereof to be demanded, and in any such case, such failure shall continue after the end of any applicable grace period for such payment; or
or (ii) There there occurs under any particular Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from:
from (A) any event of default under such Swap Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is the Defaulting Party (as defined in such Swap Contract) or
or (B) any Termination Event (as defined under such Swap Contract) as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than $120,000,000100,000,000, and in any such case such failure shall continue after the end of any applicable grace period for such payment; or
Appears in 1 contract
Sources: Credit Agreement (Reinsurance Group of America Inc)
Cross-Acceleration. (i) The Company or any Subsidiary (other than a Non-Recourse Subsidiary):
(A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Specified Indebtedness Indebtedness; or
(B) fails to observe or perform any other agreement or condition relating to any such Specified Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, and, in either event, the effect of which default or other event is to cause, : (i) such Specified Indebtedness which does not constitute a Guarantee to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), prior to its stated maturity, or (ii) such Specified Indebtedness which constitutes a Guarantee to become payable or cash collateral in respect thereof to be demanded, and in any such case, such failure shall continue after the end of any applicable grace period for such payment; or
(ii) There occurs under any particular Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from:
(A) any event of default under such Swap Contract as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is the Defaulting Party (as defined in such Swap Contract) ); or
(B) any Termination Event (as defined under such Swap Contract) as to which the Company or any Subsidiary (other than a Non-Recourse Subsidiary) is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by the Company or such Subsidiary as a result thereof is greater than $120,000,000the Requisite Amount, and in any such case such failure shall continue after the end of any applicable grace period for such payment; or
Appears in 1 contract
Sources: Letter of Credit Reimbursement Agreement (Reinsurance Group of America Inc)