Common use of Other Cross-Defaults Clause in Contracts

Other Cross-Defaults. The Borrower shall default in the payment when due, or in the performance or observance, of any material obligation or condition of any Material Contract involving monetary liability in an amount in excess of $5,000,000 unless, but only as long as, the existence of any such default is being contested by the Borrower or such Subsidiary in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the Borrower or such Subsidiary to the extent required by GAAP.

Other Cross-Defaults. The Borrower or any of its Subsidiaries shall default in the payment when due, or in the performance or observance, of any material obligation or condition of any Material Contract involving the result of which would involve monetary liability in an amount in excess of $5,000,000 10,000,000 unless, but only as long as, the existence of any such default is being contested by the Borrower or such Subsidiary in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the Borrower or such Subsidiary to the extent required by GAAP.

Other Cross-Defaults. The Borrower or any of its Material Subsidiaries shall default in the payment when due, or in the performance or observance, of any material obligation or condition of any Material Contract involving monetary liability in an amount in excess of $5,000,000 1,000,000 unless, but only as long as, the existence of any such default is being contested by the Borrower or such Subsidiary in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the Borrower or such Subsidiary to the extent required by GAAP.

Other Cross-Defaults. The Any Borrower or any Subsidiary thereof shall default in the payment when due, or in the performance or observance, of any material obligation or condition of any Material Contract involving the result of which would involve monetary liability in an amount in excess of $5,000,000 unless, but only as long as, the existence of any such default is being contested by the such Borrower or such Subsidiary in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the such Borrower or such Subsidiary to the extent required by GAAP.