Common use of Other Debts Clause in Contracts

Other Debts. (a) MIDCOM shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $5,000,000 in the aggregate, when the same becomes due and payable and such Indebtedness has either matured or been accelerated; or (b) any Obligor shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $500,000 in the aggregate, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace or cure period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Indebtedness; or (c) any other event shall occur or condition shall exist under any agreement, mortgage, indenture or instrument relating to any such Indebtedness and shall continue after the applicable grace or cure period, if any, specified in such agreement, mortgage, indenture or instrument, if the effect of such event or condition is to accelerate, or (except in the case of MIDCOM) to permit the acceleration of, the maturity of such Indebtedness; or (d) any such Indebtedness shall be accelerated or otherwise declared to be due and payable prior to the stated maturity thereof, or (e) any such Indebtedness shall be required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof.

Other Debts. (a) MIDCOM Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or interest on any of its Indebtedness, Indebtedness in an aggregate amount which is outstanding in a principal amount of at least $5,000,000 in the aggregate, when the same becomes due and payable and such Indebtedness has either matured or been accelerated; or (b) any Obligor shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least not less than $500,000 in the aggregate, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace or cure period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Indebtedness; or (cb) any other event shall occur or condition shall exist under any agreement, mortgage, indenture or instrument relating to any such Indebtedness and shall continue after the applicable grace or cure period, if any, specified in such agreement, mortgage, indenture or instrument, if the effect of such event or condition is to accelerate, or (except in the case of MIDCOM) to permit the acceleration of, the maturity of such Indebtedness; or (dc) any such Indebtedness shall be accelerated or otherwise declared to be due and payable prior to the stated maturity thereof, or (ed) any such Indebtedness shall be required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof.

Other Debts. (a) MIDCOM The Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $5,000,000 in the aggregate, when the same becomes due and payable and such Indebtedness has either matured or been accelerated; or (b) any Obligor shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $500,000 in the aggregate, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace or cure period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Indebtedness; or (cb) any other event shall occur or condition shall exist under any agreement, mortgage, indenture or instrument relating to any such Indebtedness and shall continue after the applicable grace or cure period, if any, specified in such agreement, mortgage, indenture or instrument, if the effect of such event or condition is to accelerate, or (except in the case of MIDCOM) to permit the acceleration of, the maturity of such Indebtedness; or (dc) any such Indebtedness shall be accelerated or otherwise declared to be due and payable prior to the stated maturity thereof, or (ed) any such Indebtedness shall be required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof.

Other Debts. (a) MIDCOM Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $5,000,000 in the aggregate, when the same becomes due and payable and such Indebtedness has either matured or been accelerated; or (b) any Obligor shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $500,000 100,000 in the aggregate, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace or cure period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Indebtedness; or (cb) any other event shall occur or condition shall exist under any agreement, mortgage, indenture or instrument relating to any such Indebtedness and shall continue after the applicable grace or cure period, if any, specified in such agreement, mortgage, indenture or instrument, if the effect of such event or condition is to accelerate, or (except in the case of MIDCOM) to permit the acceleration of, the maturity of such Indebtedness; or (dc) any such Indebtedness shall be accelerated or otherwise declared to be due and payable prior to the stated maturity thereof, or (ed) any such Indebtedness shall be required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof.

Other Debts. (a) MIDCOM shall fail to pay Any Obligor or any principal Subsidiary of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $5,000,000 in the aggregate, when the same becomes due and payable and such Indebtedness has either matured or been accelerated; or (b) any Obligor shall fail to pay any principal of or premium or interest on any of its Indebtedness, which is outstanding in a principal amount of at least $500,000 in the aggregate, when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace or cure period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Indebtedness; or (cb) any other event shall occur or condition shall exist under any agreement, mortgage, indenture or instrument relating to any such Indebtedness and shall continue after the applicable grace or cure period, if any, specified in such agreement, mortgage, indenture or instrument, if the effect of such event or condition is to accelerate, or (except in the case of MIDCOM) to permit the acceleration of, the maturity of such Indebtedness; or (dc) any such Indebtedness shall be accelerated or otherwise declared to be due and payable prior to the stated maturity thereof, or (ed) any such Indebtedness shall be required to be prepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof.