Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. The occurrence of any event that results in or could result in (i) any imminent default, default or waiver of default in respect of any Indebtedness having an unpaid principal balance of $1,000,000 or more, (ii) the failure of the Borrower to pay when due or within any applicable grace period any Indebtedness of the Borrower, or (iii) any Indebtedness of the Borrower becoming due and payable before its normal maturity by reason of a default or event of default, however described, or any other event of default shall occur and continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness.

Default on Indebtedness. The occurrence of any event that results in or could result in (i) any imminent default, default or waiver of default in respect of any Indebtedness having an unpaid principal balance of $1,000,000 or more, (ii) the failure of the any Borrower to pay when due or within any applicable grace period any Indebtedness of the Borrowerany Borrower which would result in a Material Adverse Change, or (iii) any Indebtedness of the any Borrower becoming due and payable before its normal maturity by reason of a default or event of default, however described, or any other event of default shall occur and continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtednessindebtedness which would result in a Material Adverse Change.

Default on Indebtedness. The occurrence of any event that results in or could result in (i) any imminent default, default or waiver of default in respect of any Indebtedness having an unpaid principal balance of $1,000,000 or more, (ii) the failure of the any Borrower to pay when due or within any applicable grace period any Indebtedness of the any Borrower, or (iii) any Indebtedness of the any Borrower becoming due and payable before its normal maturity by reason of a default or event of default, however described, or any other event of default shall occur and continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness.;

Default on Indebtedness. The occurrence of any event that results in or could result in (i) any imminent default, default or waiver of default in respect of any Indebtedness having an unpaid principal balance of $1,000,000 or more, (ii) the failure of the Borrower to pay when due or within any applicable grace period any Indebtedness of the Borrower, or (iii) any Indebtedness of the Borrower becoming due and payable before its normal maturity by reason of a default or event of default, however described, or any other event of default shall occur and continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness.

Default on Indebtedness. The occurrence of any event that results in or, with the giving of notice, if applicable, or could the passing of time, or both, would result in (iA) any imminent default, default or waiver of default in respect of any Indebtedness having an unpaid principal balance of $1,000,000 or morethe Guarantor, (iiB) the failure of the Borrower Guarantor to pay when due or within any applicable grace period any Indebtedness of the BorrowerGuarantor, or (iiiC) any Indebtedness of the Borrower Guarantor becoming due and payable before its normal maturity by reason of a default or event of default, however described, or any other event of default shall occur and continue after the applicable grace period, if any, specified in the agreement or instrument relating to such IndebtednessIndebtedness if any such event would, or reasonably could be expected to, result in a Material Adverse Effect on the Guarantor.

Default on Indebtedness. The occurrence of any event that results in or could result in (i) any imminent default, default or waiver of default in respect of any Indebtedness indebtedness having an unpaid principal balance of $1,000,000 or more, (ii) the failure of the any Borrower to pay when due or within any applicable grace period any Indebtedness indebtedness of the any Borrower, or (iii) any Indebtedness indebtedness of the any Borrower becoming due and payable before its normal maturity by reason of a default or event of default, however described, or any other event of default shall occur and continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtednessindebtedness.