Common use of Default on Other Indebtedness Clause in Contracts

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, other than Indebtedness described in Section 8.1.1, of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 6 contracts

Samples: Credit Agreement (Duane Reade Inc), Patent Security Agreement (Dri I Inc), Credit Agreement (Duane Reade Realty Inc)

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Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, 9.1.1) of the any Revolving Credit Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 3 contracts

Samples: Credit Agreement (Specialty Foods Corp), Revolving Credit Agreement (Specialty Foods Acquisition Corp), Revolving Credit Agreement (Specialty Foods Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Restricted Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00035,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 3 contracts

Samples: Credit Agreement (Noble Energy Inc), 364 Day Credit Agreement (Noble Energy Inc), 364 Day Credit Agreement (Noble Energy Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00015,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness (whether or not waived) if the effect of such default is to accelerate the maturity of any such Indebtedness or such default (whether or not waived) shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 3 contracts

Samples: Credit Agreement (McCormick & Co Inc), Credit Agreement (McCormick & Co Inc), Credit Agreement (McCormick & Co Inc)

Default on Other Indebtedness. A default shall occur (i) in ----------------------------- the payment when due (subject to any applicable grace period)due, whether by acceleration or otherwise, of any Indebtedness, other Indebtedness (including any Subordinated Debt but other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any ------------- other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0002,500,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such other Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Credit Agreement (Ameritel Pay Phones Inc), Credit Agreement (One Source Telecommunications Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1) of the Guarantor, of the Borrower or any of its their Restricted Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00035,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Term Loan Agreement (Noble Energy Inc), Noble Energy Inc

Default on Other Indebtedness. A default shall occur (ia) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, 9.1.1) of the Borrower or any of its Subsidiaries Borrower, ADT Limited or any other Obligor Subsidiary of ADT Limited having a principal amount, individually or in the aggregate, in excess of $3,000,00015,000,000, or (iib) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Credit Agreement (Adt Limited), Credit Agreement (Adt Limited)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, other Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Credit Agreement (W-H Energy Services Inc), Credit Agreement (W-H Energy Services Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section SECTION 8.1.1, ) of the Borrower or any of its Restricted Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00035,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Credit Agreement (Noble Affiliates Inc), Credit Agreement (Noble Affiliates Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its the Subsidiaries or any other Obligor of the Borrower having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Term Loan Agreement (Specialty Foods Corp), Term Loan Agreement (Specialty Foods Acquisition Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Material Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00010,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Credit Agreement (Nextel Partners Inc), Credit Agreement (Nextel Partners Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace periodperiod or unless there shall have been a waiver of such default by the applicable creditor), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, 9.1.1) of the any Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Credit Agreement (Simpson Industries Inc), Credit Agreement (Simpson Industries Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 2 contracts

Samples: Term Loan Agreement (Specialty Foods Corp), Term Loan Agreement (Specialty Foods Acquisition Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0001,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (E Z Serve Corporation)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any IndebtednessIndebtedness the amount of which exceeds, either individually or in the aggregate, $2,500,000 (other than Indebtedness described in Section 8.1.1, ) of the Borrower Borrower, any Restricted Subsidiary or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000Obligor, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness Indebtedness, if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, Indebtedness or any trustee or agent for such holders, to cause such Indebtedness to become or be declared due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor Loan Party having a principal amount, individually individually, or in the aggregateaggregate for all Indebtedness of all Loan Parties, in excess of $3,000,0001,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent Administrative Agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (U.S. Shipping Partners L.P.)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section SECTION 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0001,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Patent Security Agreement (Dayton Superior Corp)

Default on Other Indebtedness. A default shall occur (i) in ----------------------------- the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, other than Indebtedness described in Section 8.1.1, of the Borrower or any of its Subsidiaries (including, without limitation, any accounts payable or other Indebtedness owing to Xxxxxx Micro) or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000500,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Buy Com Inc)

Default on Other Indebtedness. A default ----------------------------- shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0001,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Manor Investment Co Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period)due, whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000, 2,000,000; or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default in performance or observance is to accelerate the maturity of any such Indebtedness or such default in performance or observance shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Key Components Finance Corp)

Default on Other Indebtedness. (a) A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, other than Indebtedness (excluding Indebtedness described in Section 8.1.1, 9.1.1) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000250,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the any holder or holders of such Indebtedness, or any trustee or agent Administrative Agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Bargo Energy Co)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in clause (a) of Section 8.1.1, 8.2.1 or Indebtedness owing to any member of the Parent Group) of the Borrower or any of its Subsidiaries or any other Obligor having in a principal amount, individually or in the aggregate, in excess of $3,000,000, 25,000 or (ii) more; or a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Agreement (Burlington Industries Inc /De/)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the any Borrower or any of its Subsidiaries or any other Obligor Significant Subsidiary having a principal amount, individually or in the aggregate, in excess of $3,000,00015,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if of any Borrower or any Significant Subsidiary which results in the effect acceleration of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such IndebtednessIndebtedness of any Borrower or any Significant Subsidiary, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Kerzner International LTD)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the any Borrower or any of its Subsidiaries or any other Obligor Significant Subsidiary having a principal amount, individually or in the aggregate, in excess of $3,000,00040,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if of any Borrower or any Significant Subsidiary which results in the effect acceleration of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such IndebtednessIndebtedness of any Borrower or any Significant Subsidiary, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Kerzner International Employment Services LTD)

Default on Other Indebtedness. (a) A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, 9.1.1) of the Borrower Borrower, the Parent or any of its their respective Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00010,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Budget Group Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower Guarantor or any of its Restricted Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00035,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Noble Energy Inc

Default on Other Indebtedness. 9.1.5 A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any IndebtednessIndebtedness of the Borrower or the Guarantor, the amount of which, either individually or in the aggregate, equals or exceeds the Materiality Threshold (other than Indebtedness described in Section 8.1.1, of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0009.1.1), or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness Indebtedness, if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, Indebtedness or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Greka Energy Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any IndebtednessIndebtedness the amount of which exceeds, either individually or in the aggregate, $5,000,000 (other than Indebtedness described in Section 8.1.1, ) of the Borrower Borrower, any Restricted Subsidiary or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000Obligor, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness Indebtedness, if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, Indebtedness or any trustee or agent for such holders, to cause such Indebtedness to become or be declared due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Inc)

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Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, amount in respect of any Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower Parent or any of its Subsidiaries or any other Obligor having a in an aggregate principal amount, individually or in the aggregate, in excess amount of more than $3,000,00025,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness in an aggregate principal amount of more than $25,000,000 if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000200,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

Default on Other Indebtedness. A default shall occur (i) ----------------------------- in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a ------------- principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to immediately accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to immediately become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Whittaker Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the any Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, other than Indebtedness described in Section SECTION 8.1.1, of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Duane Reade Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000, 5,000,000 or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent Administrative Agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Imo Industries Inc)

Default on Other Indebtedness. A ----------------------------- default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the any Borrower or any of ------------- its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Restricted Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00050,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Noble Energy Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000, 1,000,000; or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness having a principal amount, individually or in the aggregate, in excess of $1,000,000, if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Thorn Apple Valley Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, amount in respect of any Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower Parent or any of its Subsidiaries or any other Obligor having a in an aggregate principal amount, individually or in the aggregate, in excess amount of more than $3,000,00025,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness in an aggregate principal amount of more than $25,000,000 if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or administrative agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section SECTION 8.1.1, ) of the Borrower SIHL or any of its Subsidiaries or any other Obligor Significant Subsidiary having a principal amount, individually or in the aggregate, in excess of $3,000,0007,500,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if of SIHL or any Significant Subsidiary which results in the effect acceleration of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such IndebtednessIndebtedness of SIHL or any Significant Subsidiary, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun International Hotels LTD)

Default on Other Indebtedness. A default shall occur (i) ----------------------------- in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any ------------- other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0001,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Roberts Pharmaceutical Corp)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any IndebtednessIndebtedness in excess of $1,000,000 (including any Hedging Obligations under any Hedging Agreement of the Borrower, other than but excluding Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0001,000,000, or (ii) of any other Obligor in excess of $5,000,000, or a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Default on Other Indebtedness. A default shall occur (i) in the ----------------------------- payment when due (subject to any applicable grace period), whether due by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0002,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Markwest Hydrocarbon Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1) having, individually or in the aggregate, a principal amount in excess of $250,000 of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,000Subsidiaries, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Cable Tv Fund 11-B LTD)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedbess (other than Indebtedness described in Section 8.1.1, ) of the any Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,00010,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Triarc Companies Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0005,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent Administrative Agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (True Temper Sports Inc)

Default on Other Indebtedness. A default shall occur (i) in the payment when due (subject to any applicable grace period), whether due by acceleration or otherwise, of any Indebtedness, Indebtedness (other than Indebtedness described in Section SECTION 8.1.1, ) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $3,000,0002,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.

Appears in 1 contract

Samples: Credit Agreement (Markwest Hydrocarbon Inc)

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