2Default Under Other Debt Sample Clauses

2Default Under Other Debt. Any “Event of Default” (or such similar defined term) shall occur under the terms applicable to (a) any Debt of any Loan Party (excluding the Obligations) in an aggregate principal amount (for all such Debt so affected and including undrawn committed or available amounts and amounts owing to all creditors under any combined or syndicated credit arrangement) exceeding $500,000, (b) the Approved AR Loan Facility, or (c) the Ligand Royalty Agreement.