Cross Default Any Indebtedness for Borrowed Clause Samples

Cross Default Any Indebtedness for Borrowed. Money of the Guarantor, the Borrower or any Material Subsidiary is not paid when due or within any applicable grace period, any Indebtedness for Borrowed Money of the Guarantor, the Borrower or any Material Subsidiary is declared to be or otherwise becomes due and payable prior to its specified maturity or any creditor or creditors of the Guarantor, the Borrower or any Material Subsidiary become entitled to declare any Indebtedness for Borrowed Money of the Guarantor, the Borrower or any Material Subsidiary due and payable prior to its specified maturity Provided that the aggregate amount of all such Indebtedness for Borrowed Money, excluding any Indebtedness for Borrowed Money owed to: (a) any department, agency, instrumentality or political subdivision of the United States of America or any state thereof in respect of any pollution control, industrial revenue bond or other similar type of financing where such obligation is being contested in good faith by appropriate proceedings; or (b) any member of the Group by any other member of the Group, equals or exceeds $30,000,000 (or its Equivalent Amount).