Common use of Acceleration of Other Indebtedness Clause in Contracts

Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, the Company or any Subsidiary (other than the Indebtedness evidenced by the Notes) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (NPC International Inc)

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Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, the Company any Borrower, any other Obligor or any Subsidiary (other than the Indebtedness evidenced by the Notes) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.;

Appears in 1 contract

Samples: Credit and Security Agreement (Simon Transportation Services Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, the Company either Borrower, any other Obligor or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (other than the Indebtedness evidenced by under this Agreement and any Notes), including without limitation the Notes) Senior Secured Loans and the Term Loans, or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Companies Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, the Company or any Subsidiary (other than (i) any Indebtedness of any Subsidiary to the Company or to any other Subsidiary and (ii) the Indebtedness evidenced by the NotesNote) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (Executone Information Systems Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, the Company Borrower, any other Obligor or any Designated Subsidiary with a principal balance in excess of $5,000,000 (other than the Indebtedness evidenced by under this Agreement and any Notes), including without limitation the Notes) First Mortgage Loans, the Senior Secured Loans and the Term Loans, or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer East Inc)

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Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company and its Subsidiaries) of $1,000,000 of, or guaranteed by, the Company or any Subsidiary (other than the Indebtedness evidenced by the NotesNote) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (NPC International Inc)

Acceleration of Other Indebtedness. Any event or condition shall occur which (i) results in the acceleration of the maturity of any Indebtedness in excess (in the aggregate for the Company NPCI and its Subsidiaries) of $1,000,000 of, or guaranteed by, the Company or any Subsidiary Guarantor (other than the Indebtedness evidenced by the Notes) or (ii) enables the holder or holders of such other Indebtedness or any trustee or agent for such holders (any required notice of default having been given and any applicable grace period having expired) to accelerate the maturity of such other Indebtedness.

Appears in 1 contract

Samples: Revolving Credit Agreement (NPC International Inc)

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