Default on Other Agreements Sample Clauses

Default on Other Agreements. Seller’s failure to cure any default under any commercial or financing agreements or instrument (including the Generation Interconnection Agreement) within the time allowed for a cure under such agreement or instrument.
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Default on Other Agreements. (i) the Borrower or any Subsidiary shall fail to make any payment in respect of Indebtedness owing on any bond, debenture, note or other evidence of Indebtedness for borrowed money in an aggregate amount in excess of $15,000,000 (other than the Notes) when due or within any applicable grace period; or (ii) any event or condition shall occur which results in the acceleration of the maturity of Indebtedness owing on any bond, debenture, note or other evidence of Indebtedness for borrowed money outstanding in an aggregate amount in excess of $15,000,000 of the Borrower or any Subsidiary (including, without limitation, any required mandatory prepayment or "put" of such Indebtedness to the Borrower or any Subsidiary) or enables (or, with the giving of notice or lapse of time or both, would enable) the holders of such Indebtedness or commitment or any Person acting on such holders' behalf to accelerate the maturity thereof or terminate any such commitment (including, without limitation, any required mandatory prepayment or "put" of such Indebtedness to the Borrower or any Subsidiary). As used in this Section 7.1.4, the term "Subsidiary" shall be deemed to exclude Mining Remedial Recovery Corporation and its Subsidiaries and DENO Acquisition EURL and its Subsidiaries.
Default on Other Agreements. Any Borrower shall be in default with respect to any provision under any servicing agreement or subservicing agreement or any lease to which it is a party, which default, in the reasonable judgment of CSFB, could reasonably be expected to materially and adversely affect the financial condition of such Borrower (which defaults include, but are not limited to, an Event of Bankruptcy of such Borrower or the failure of such Borrower to make required payments under such lease or agreement as they become due).
Default on Other Agreements. Any creditor or representative of any creditor of Borrower or any Restricted Subsidiary declares any Indebtedness owing on any bond, debenture, note or other evidence of Indebtedness for borrowed money in an aggregate amount in excess of Two Million Five Hundred Thousand ($2,500,000) Dollars of Borrower or such Restricted Subsidiary to be due and payable prior to its expressed maturity by reason of any default by Borrower or such Restricted Subsidiary in the performance or observance of any obligation or condition.
Default on Other Agreements. Any creditor or representative of any creditor of Borrower or any Wholly-owned Subsidiary declares or is or becomes entitled to declare any Indebtedness owing on any bond, debenture, note or other evidence of Indebtedness for borrowed money in an aggregate amount, in the case of a single creditor of Borrower or such Subsidiary, in excess of One Million ($1,000,000) Dollars, and for all creditors of Borrower or such Subsidiary, in excess of Two Million ($2,000,000) Dollars, to be due and payable prior to its expressed maturity by reason of any default by Borrower or such Subsidiary in the performance or observance of any obligation or condition (whether or not such creditor or representative has declared such Indebtedness to be due and payable) or any such Indebtedness becomes due by its terms and is not promptly paid or extended; PROVIDED, HOWEVER, that an Event of Default will not occur under this section 7.1.4 if such other default or breach is being contested in good faith by appropriate proceedings, notice thereof is promptly given to Agent and adequate reserves in accordance with GAAP have been made therefor and no other Event of Default has occurred.
Default on Other Agreements. Any creditor or representative of any creditor of Borrower or any wholly-owned Subsidiary declares or is or becomes entitled to declare any Indebtedness owing on any bond, debenture, note or other evidence of Indebtedness for borrowed money in an aggregate amount in excess of One Million ($1,000,000) Dollars of Borrower or such Subsidiary to be due and payable prior to its expressed maturity by reason of any default by Borrower or such Subsidiary in the performance or observance of any obligation or condition (whether or not such creditor or representative has declared such Indebtedness to be due and payable) or any such Indebtedness becomes due by its terms and is not promptly paid or extended; provided, however, that an Event of Default will not occur under this Agreement if such other default or breach is being contested in good faith by appropriate proceedings, notice thereof is promptly given to Agent and adequate reserves in accordance with GAAP have been made therefor and no other Event of Default has occurred.
Default on Other Agreements. In addition to the Events of Default set forth in Section 4(a), breach of any material provisions in the License Agreement will also constitute an Event of Default under -------------------------------------------------------------------------------- PhoenixSoft, Inc. Support Agreement -3- Initial: Licensee____ Licensor____ -------------------------------------------------------------------------------- [PHOENIXSOFT LOGO OMITTED] -------------------------------------------------------------------------------- this Support Agreement and the Support Orders, entitling the non-breaching party to the remedies available at law, in equity or under this Support Agreement.
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Default on Other Agreements the Borrower shall suffer any acceleration, notice of default, filing of suit or notice or breach by any creditor, lessee or party to any agreement to which Borrower is a party when the amount in controversy exceeds $100,000.00 and the failure of Borrower to have such acceleration, notice of default, filing of suit or notice of breach contested, rescinded, withdrawn, cancelled or released, as the case may be, within 15 days thereafter;

Related to Default on Other Agreements

  • Default in Other Agreements (i) Failure by Holdings, the Borrower or any of its Restricted Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in clause (a) above) with an aggregate outstanding principal amount exceeding the Threshold Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by Holdings, the Borrower or any of its Restricted Subsidiaries with respect to any other term of (A) one or more items of Indebtedness with an aggregate outstanding principal amount exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness (other than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination events or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by any Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided that clause (ii) of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder; provided, further, that any failure described under clauses (i) or (ii) above is unremedied and is not waived by the holders of such Indebtedness prior to any termination of the Commitments or acceleration of the Loans pursuant to this Article VII; or

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