Common use of Default of Other Debt Clause in Contracts

Default of Other Debt. Any Borrower or any Subsidiary shall default in (i) the payment of any Indebtedness in respect of borrowed money (other than the Liabilities), any 1097265.4 Capital Lease or the deferred purchase price of any property (which, in each case, shall not include the Borrowers’ accounts payable incurred in the ordinary course of the Borrowers’ business) and such default (A) shall continue after giving effect to any applicable grace periods and (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000; or (ii) the performance or compliance with any term of any agreement or instrument relating to such Indebtedness and such default (A) shall continue, without having been duly cured, waived or consented to, beyond the period of grace, if any, specified in such agreement or instrument, (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000, and (C) shall permit the acceleration of such Indebtedness prior to its stated maturity; or

Default of Other Debt. Any Borrower or any Subsidiary shall default in (i) the payment of any Indebtedness in respect of borrowed money (other than the Liabilities), any 1097265.4 Capital Lease or the deferred purchase price of any property (which, which in each case, case shall not include the Borrowers’ ' accounts payable incurred in the ordinary course of the Borrowers’ ' business) and such default (A) shall continue after giving effect to any applicable grace periods and (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000; or (ii) the performance or compliance with any term of any agreement or instrument relating to such Indebtedness and such default (A) shall continue, without having been duly cured, waived or consented to, beyond the period of grace, if any, specified in such agreement or instrument, (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000, and (C) shall permit the acceleration of such Indebtedness prior to its stated maturity; or

Default of Other Debt. Any Borrower or any Subsidiary shall default in (i) the payment of any Indebtedness in respect of borrowed money (other than the Liabilities), any 1097265.4 Capital Lease or the deferred purchase price of any property (which, in each case, shall not include the Borrowers’ ' accounts payable incurred in the ordinary course of the Borrowers’ ' business) and such default (A) shall continue after giving effect to any applicable grace periods and (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000; or (ii) the performance or compliance with any term of any agreement or instrument relating to such Indebtedness and such default (A) shall continue, without having been duly cured, waived or consented to, beyond the period of grace, if any, specified in such agreement or instrument, (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000, and (C) shall permit the acceleration of such Indebtedness prior to its stated maturity; or

Default of Other Debt. Any Borrower or any Subsidiary shall default in (i) the payment of any Indebtedness in respect of borrowed money (other than the Liabilities), any 1097265.4 Capital Lease or the deferred purchase price of any property (which, which in each case, case shall not include the Borrowers’ ' accounts payable incurred in the ordinary course of the Borrowers’ ' business) and such default (A) shall continue after giving effect to any applicable grace periods and (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000; or (ii) the performance or compliance with any term of any agreement or instrument relating to such Indebtedness and such default (A) shall continue, without having been duly cured, waived or consented to, beyond the period of grace, if any, specified in such agreement or instrument, (B) shall be in respect of an aggregate amount of principal (whether or not due) and accrued interest exceeding $1,000,000, and (C) shall permit the acceleration of such Indebtedness prior to its stated maturity; or.