Indebtedness for Borrowed Money. (i) A default shall occur in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Party or any “Loan Party” (under and as defined in the LeConte Credit Agreement) in an aggregate principal amount exceeding $5,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Party or any “Loan Party” (under and as defined in the LeConte Credit Agreement) in an aggregate principal amount exceeding $7,500,000 if the effect of such default results in the acceleration of the maturity of such Indebtedness, other than to the extent paid in accordance therewith.”, and
Appears in 3 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Indebtedness for Borrowed Money. (i) A default shall occur in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Loan Party or any “Loan Obligor Party” (under and as defined in the LeConte Bolt Credit Agreement) in an aggregate principal amount exceeding $5,000,0002,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Loan Party or any “Loan Obligor Party” (under and as defined in the LeConte Bolt Credit Agreement) in an aggregate principal amount exceeding $7,500,000 3,000,000 if the effect of such default results in the acceleration of the maturity of such Indebtedness, other than to the extent paid in accordance therewith.”, and
Appears in 3 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Indebtedness for Borrowed Money. (i) A default shall occur in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Loan Party or any “Loan Obligor Party” (under and as defined in the LeConte Bolt Credit Agreement) in an aggregate principal amount exceeding $5,000,0002,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Loan Party or any “Loan Obligor Party” (under and as defined in the LeConte Bolt Credit Agreement) in an aggregate principal amount exceeding $7,500,000 3,000,000 if the effect of such default results in the acceleration of the maturity of such Indebtedness, other than to the extent paid in accordance therewith.. ”, and
Appears in 2 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
Indebtedness for Borrowed Money. (i) A default shall occur in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Party or any “Loan Party” (under and as defined in the LeConte Credit Agreement) in an aggregate principal amount exceeding $5,000,000, or (ii) a default shall occur in the performance or observance of any obligation or condition with respect to any Indebtedness for Borrowed Money or under Interest Rate Hedge Agreements (other than Indebtedness under the Loan Documents and Hedge Agreements other than Interest Rate Hedge Agreements) of any Obligor Party or any “Loan Party” (under and as defined in the LeConte Credit Agreement) in an aggregate principal amount exceeding $7,500,000 if the effect of such default results in the acceleration of the maturity of such Indebtedness, other than to the extent paid in accordance therewith.. ”, and
Appears in 2 contracts
Samples: Credit Agreement (REV Renewables, Inc.), Credit Agreement (REV Renewables, Inc.)
