Common use of Other Funded Debt Clause in Contracts

Other Funded Debt. In respect of any Funded Debt of any Company (other than the Obligation) individually or collectively of at least Five Hundred Thousand Dollars ($500,000) (i) any Company fails to make any payment when due, (ii) any default or other event or condition occurs or exists beyond the applicable grace or cure period, the effect of which is to permit any holder of that Funded Debt to cause (whether or not it elects to cause) any of such Funded Debt to become due before its stated maturity or regularly scheduled payment dates, or (iii) any of that Funded Debt is declared to be due and payable or required to be prepaid by any Company before its stated maturity.

Other Funded Debt. In respect of any Funded Debt of any Company (other than the Obligation) individually or collectively of at least Five Hundred Thousand Dollars ($500,000) 500,000 (i) any Company fails to make any payment when due, (ii) any default or other event or condition occurs or exists beyond the applicable grace or cure period, the effect of which is to permit any holder of that Funded Debt to cause (whether or not it elects to cause) any of such Funded Debt to become due before its stated maturity or regularly scheduled payment dates, or (iii) any of that Funded Debt is declared to be due and payable or required to be prepaid by any Company before its stated maturity.

Other Funded Debt. In respect of any Funded Debt of any Company (other than the Obligation) individually or collectively of at least Five Hundred Thousand Dollars ($500,000) 500,000 (i) any Company fails to make any payment when due, (ii) any default or other event or condition occurs or exists beyond the applicable grace or cure period, the effect of which is to permit any holder of that Funded Debt to cause (whether or not it elects to cause) any of such Funded Debt to become due before its stated maturity or regularly scheduled payment dates, or (iii) any of that Funded Debt is declared to be due and payable or required to be prepaid by any Company before its stated maturity.or