Common use of Non-Payment of Other Debt Clause in Contracts

Non-Payment of Other Debt. Any default shall occur under the terms ------------------------- applicable to any Debt of Parent or any Subsidiary (excluding Holdbacks) in an aggregate amount (for all such Debt so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000 and such default shall (a) consist of the failure to pay such Debt when due (subject to any applicable grace period), whether by acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such Debt to become due and payable prior to its expressed maturity; or any default of the type referred to in clause (a) or (b) above ---------- --- shall occur under the terms of any Holdback owed by Parent or any Subsidiary in an aggregate amount (for all Holdbacks so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000, provided that no amount payable in respect -------- of any Holdback shall be deemed to be in default to the extent that the obligation to pay such amount is being contested by Parent or the applicable Subsidiary in good faith and by appropriate proceedings and appropriate reserves have been set aside in respect of such amount; or any event of default, default, liquidation event or similar event shall occur or exist relating to any Securitization Transaction if the effect of such event is to cause or permit (subject to any applicable grace period) an aggregate cash amount exceeding a Dollar Equivalent amount of U.S. $15,000,000 to become immediately due and payable by Parent or any Subsidiary under such Securitization Transaction.

Non-Payment of Other Debt. Any default shall occur under the terms ------------------------- applicable to any Debt of Parent or any Subsidiary (excluding Holdbacks) in an aggregate amount (for all such Debt so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000 and such default shall (a) consist of the failure to pay such Debt when due (subject to any applicable grace period), whether by acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such Debt to become due and payable prior to its expressed maturity; or any default of the type referred to in clause (a) or (b) above ---------- --- shall occur under the terms of any Holdback owed by Parent or any Subsidiary in an aggregate amount (for all Holdbacks so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000, provided that no amount payable in respect -------- of any Holdback shall be deemed to be in default to the extent that the obligation to pay such amount is being contested by Parent or the applicable Subsidiary in good faith and by appropriate proceedings and appropriate reserves have been set aside in respect of such amount; or any event of default, default, liquidation event or similar event shall occur or exist relating to any Securitization Transaction if the effect of such event is to cause or permit (subject to any applicable grace period) an aggregate cash amount exceeding a Dollar Equivalent amount of U.S. $15,000,000 to become immediately due and payable by Parent or any Subsidiary under such Securitization Transaction.

Non-Payment of Other Debt. Any default shall occur under the terms ------------------------- applicable to any Debt of Parent or any Subsidiary (excluding Holdbacks) in an aggregate amount (for all such Debt so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000 and such default shall (a) consist of the failure to pay such Debt when due (subject to any applicable grace period), whether by acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such Debt to become due and payable prior to its expressed maturity; or any default of the type referred to in clause (a) or (b) above ---------- --- shall occur under the terms of any Holdback owed by Parent or any Subsidiary in an aggregate amount (for all Holdbacks so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000, provided that no amount payable in respect -------- of any Holdback shall be deemed to be in default to the extent that the obligation to pay such amount is being contested by Parent or the applicable Subsidiary in good faith and by appropriate proceedings and appropriate reserves have been set aside in respect of such amount; or any event of default, default, liquidation event or similar event shall occur or exist relating to any Securitization Transaction if the effect of such event is to cause or permit (subject to any applicable grace period) an aggregate cash amount exceeding a Dollar Equivalent amount of U.S. $15,000,000 to become immediately due and payable by Parent or any Subsidiary under such Securitization Transaction.

Non-Payment of Other Debt. Any default shall occur under the terms ------------------------- applicable to any Debt of Parent or any Subsidiary (excluding Holdbacks) in an aggregate amount (for all such Debt so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000 U.S. $5,000,000 and such default shall (a) consist of the failure to pay such Debt when due (subject to any applicable grace period), whether by acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such Debt to become due and payable prior to its expressed maturity; , or any default of the type referred to in clause (a) or (b) above ---------- --- shall occur under the terms of any Holdback owed by Parent the ---------- --- Company or any Subsidiary in an aggregate amount (for all Holdbacks so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000U.S. $ 10,000,000, provided that no -------- amount payable in respect -------- of any Holdback shall be deemed to be in default to the extent that the obligation to pay such amount is being contested by Parent the Company or the applicable Subsidiary in good faith and by appropriate proceedings and appropriate reserves have been set aside in respect of such amount; or any event of default, default, liquidation event or similar event shall occur or exist relating to any Securitization Transaction if the effect of such event is to cause or permit (subject to any applicable grace period) an aggregate cash amount exceeding a Dollar Equivalent amount of U.S. $15,000,000 to become immediately due and payable by Parent or any Subsidiary under such Securitization Transaction.

Non-Payment of Other Debt. Any default shall occur under the terms ------------------------- applicable to any Debt of Parent or any Subsidiary (excluding Holdbacks) in an aggregate amount (for all such Debt so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000 and such default shall (a) consist of the failure to pay such Debt when due (subject to any applicable grace period), whether by acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit the holder or holders thereof, or any trustee or agent for such holder or holders, to cause such Debt to become due and payable prior to its expressed maturity; or any default of the type referred to in clause (a) or (b) above ---------- --- shall occur under the terms of any Holdback owed by the Parent or any Subsidiary in an aggregate amount (for all Holdbacks so affected) exceeding a Dollar Equivalent amount of U.S.$15,000,000, provided that no amount payable in respect -------- of any Holdback shall be deemed to be in default to the extent that the obligation to pay such amount is being contested by the Parent or the applicable Subsidiary in good faith and by appropriate proceedings and appropriate reserves have been set aside in respect of such amount; or any event of default, default, liquidation event or similar event shall occur or exist relating to any Securitization Transaction if the effect of such event is to cause or permit (subject to any applicable grace period) an aggregate cash amount exceeding a Dollar Equivalent amount of U.S. $15,000,000 to become immediately due and payable by Parent or any Subsidiary under such Securitization Transaction.