Common use of Debt Cross-Default Clause in Contracts

Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which is in excess of $100,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which is in excess of $100,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 2 contracts

Samples: Credit Agreement (Sterile Recoveries Inc), Credit Agreement (Sterile Recoveries Inc)

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Debt Cross-Default. The Either Co-Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the Notesexceeding five million ($5,000,000) the aggregate in outstanding amount of which is in excess of $100,000 principal amount) beyond the period of grace grace, if any, provided in the instrument or agreement under which such Debt was created created; or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notesexceeding five million ($5,000,000) the aggregate in outstanding amount of which is in excess of $100,000 principal amount) or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 2 contracts

Samples: Day Credit Agreement (Scientific Games Holdings Corp), Credit Agreement (Scientific Games Holdings Corp)

Debt Cross-Default. The Borrower Borrowers or any of its their Subsidiaries shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 10,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 10,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Bridge Credit Agreement (Belk Inc)

Debt Cross-Default. The Borrower or any of its Subsidiaries Any Credit Party shall (i) default in the payment of any Debt (other than the NotesNote) the aggregate outstanding amount of which is in excess of $100,000 beyond the period of grace (not to exceed 30 days), if any, provided in the instrument or agreement under which such Debt was created created; or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the NotesNote) the aggregate outstanding amount of which is in excess of $100,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement (Medical Manager Corp)

Debt Cross-Default. The Borrower AHL or any of its Subsidiaries other than a Foreign Subsidiary shall (i) default in the payment of any Debt in an amount exceeding $1,000,000 (other than the Notesor equivalent thereof in another currency) the aggregate outstanding amount of which is in excess of $100,000 beyond the period of grace grace, if any, provided in the instrument or agreement under which such Debt was created created; or (ii) default in the observance or performance of any other agreement or condition relating to any Debt in an amount exceeding $1,000,000 (other than the Notesor equivalent thereof in another currency) the aggregate outstanding amount of which is in excess of $100,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement (Ahl Services Inc)

Debt Cross-Default. The Borrower or any Any of its Subsidiaries the Borrowers shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which is in excess of $100,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which is in excess of $100,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement (Med Waste Inc)

Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the NotesNote) the aggregate outstanding amount of which is in excess of $100,000 1,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the NotesNote) the aggregate outstanding amount of which is in excess of $100,000 1,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement (Penske Motorsports Inc)

Debt Cross-Default. The Either Co-Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the Notesexceeding five million ($5,000,000) the aggregate in outstanding amount of which is in excess of $100,000 principal amount) beyond the period of grace grace, if any, provided in the instrument or agreement under which such Debt was created created; or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notesexceeding five million ($5,000,000) the aggregate in outstanding amount of which is in excess of $100,000 principal amount) or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).. -52- 58

Appears in 1 contract

Samples: Credit Agreement (Scientific Games Holdings Corp)

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Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) ------------------ default in the payment of any Debt (other than the NotesObligations) the aggregate which is outstanding in a principal amount of which is in excess of at least $100,000 200,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the NotesObligations) the aggregate which is outstanding in a principal amount of which is in excess of at least $100,000 200,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, cause with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement Credit Agreement (Edutrek Int Inc)

Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the NotesObligations) the having an aggregate outstanding amount of which is in excess principal balance of $100,000 250,000 or more beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the NotesObligations) the having an aggregate outstanding amount of which is in excess principal balance of $100,000 250,000 or more or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, cause with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement (Optio Software Inc)

Debt Cross-Default. The Any Borrower or any of its Subsidiaries Subsidiary shall (i) default in the payment of any Debt (other than the Notes) ), the aggregate outstanding amount of which Debt is in excess of $100,000 10,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 10,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, required any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Working Capital Credit Agreement (JLG Industries Inc)

Debt Cross-Default. The Any Borrower or any of its Subsidiaries Subsidiary thereof shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc)

Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

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