Common use of Defaults in Other Agreements or Indebtedness Clause in Contracts

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the Senior Secured Notes, the Senior Secured Note Indenture or the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of $5,000,000 in the aggregate, and such default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived);

Appears in 2 contracts

Samples: Credit Agreement (Armstrong Energy, Inc.), Intercreditor Agreement (Armstrong Coal Company, Inc.)

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Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the Senior Secured Notes, the Senior Secured Note Indenture or the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of Five Million and 00/100 Dollars ($5,000,000 5,000,000.00) in the aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived)) or the termination of any commitment to lend;

Appears in 2 contracts

Samples: Credit Agreement (Universal Stainless & Alloy Products Inc), Credit Agreement (Black Box Corp)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the Senior Secured Notes, the Senior Secured Note Indenture terms of: (i) any Material Contracts or the terms of (ii) any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of $5,000,000 in the aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness indebtedness (whether or not such right shall have been waived)) or the termination of any commitment to lend;

Appears in 2 contracts

Samples: Credit Agreement (Rhino Resource Partners LP), Credit Agreement (Rhino Resource Partners, L.P.)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the Senior Secured Notes, the Senior Secured Note Indenture or the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of $5,000,000 1,000,000 in the aggregateaggregate (including in all events the Revolving Senior Debt Facility), and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived);) or the termination of any commitment to lend; 8.1.6.

Appears in 1 contract

Samples: Credit Agreement (Hovnanian Enterprises Inc)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the Senior Secured Notes, the Senior Secured Note Indenture or the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of Fifty Million and 00/100 Dollars ($5,000,000 50,000,000.00) in the aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived)) or the termination of any commitment to lend;

Appears in 1 contract

Samples: Credit Agreement (Rti International Metals Inc)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur (after giving effect to the cure periods, if any, applicable thereto) at any time under the Senior Secured Notes, the Senior Secured Note Indenture or the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of $5,000,000 35,000,000 in the aggregate, and such default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach default or event of default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived)the termination of any commitment to lend;

Appears in 1 contract

Samples: Credit Agreement (Gentex Corp)

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Defaults in Other Agreements or Indebtedness. A default or event of default shall occur (after giving effect to the cure periods, if any, applicable thereto) at any time under the Senior Secured Notes, the Senior Secured Note Indenture or the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of $5,000,000 35,000,000 in the aggregate, and such default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach default or event of default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived);the termination of any commitment to lend; 9.1.7

Appears in 1 contract

Samples: Credit Agreement (Gentex Corp)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the Senior Secured NotesRidgestone Loan Documents, the Senior Secured Note Indenture or under the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of $5,000,000 4,000,000 in the aggregate, and in any case, such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived)) or the termination of any commitment to lend;

Appears in 1 contract

Samples: Credit Agreement (Johnson Outdoors Inc)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the Senior Secured Notes, terms of (i) the Senior Secured Note Indenture Notes (2002), (ii) the Permitted Receivables Facility or the terms of (iii) any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may be obligated as a borrower or guarantor in excess of $5,000,000 the Threshold Amount in the aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness indebtedness (whether or not such right shall have been waived);

Appears in 1 contract

Samples: Credit Agreement (Consol Energy Inc)

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