Common use of Default as to Other Indebtedness Clause in Contracts

Default as to Other Indebtedness. (i) Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 (or the Equivalent Amount in currencies other than Dollars) (such Indebtedness being referred to as “Material Indebtedness”); or

Appears in 2 contracts

Samples: Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc)

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Default as to Other Indebtedness. (i) Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 5,000,000 (or the Approximate Equivalent Amount in currencies other than Dollars) (such Indebtedness being referred to as "Material Indebtedness"); or

Appears in 1 contract

Samples: Revolving Credit Agreement (Johnson Outdoors Inc)

Default as to Other Indebtedness. (iv) Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 (or the Equivalent Amount in currencies other than Dollars) (such Indebtedness being referred to as “Material Indebtedness”); or

Appears in 1 contract

Samples: Credit Agreement (Acuity Brands Inc)

Default as to Other Indebtedness. (i) Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 15,000,000 (or the Approximate Equivalent Amount in currencies other than Dollars) (such Indebtedness being referred to as “Material Indebtedness”); or

Appears in 1 contract

Samples: Revolving Credit Agreement (Zep Inc.)

Default as to Other Indebtedness. (i) 7.5.1 Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 5,000,000 (or the Approximate Equivalent Amount in currencies other than Dollars) (such Indebtedness being referred to as “Material Indebtedness”); or

Appears in 1 contract

Samples: Revolving Credit Agreement (Johnson Outdoors Inc)

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Default as to Other Indebtedness. (i) Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 25,000,000 (or the Equivalent Amount equivalent in currencies other than Dollars) (such Indebtedness being referred to as “Material Indebtedness”"MATERIAL INDEBTEDNESS"); or

Appears in 1 contract

Samples: Credit Agreement (L&c Spinco Inc)

Default as to Other Indebtedness. (i) Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 25,000,000 (or the Approximate Equivalent Amount in currencies other than Dollars) (such Indebtedness being referred to as “Material Indebtedness”); or

Appears in 1 contract

Samples: Revolving Credit Agreement (Acuity Brands Inc)

Default as to Other Indebtedness. (i) Failure of the Company or any of its Subsidiaries to pay when due (whether at stated maturity, by acceleration or otherwise) any Indebtedness which, individually or in the aggregate exceeds $50,000,000 25,000,000 (or the Equivalent Amount equivalent in currencies other than Dollars) (such Indebtedness being referred to as “Material Indebtedness”); or

Appears in 1 contract

Samples: Year Revolving Credit Agreement (Acuity Brands Inc)

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