Common use of Certain Defaults on Other Indebtedness for Borrowed Money Clause in Contracts

Certain Defaults on Other Indebtedness for Borrowed Money. Any default shall occur under the terms applicable to any Indebtedness for Borrowed Money outstanding in a principal amount exceeding individually or in the aggregate $25,000,000 of the Borrower or any Significant Subsidiary representing any borrowing or financing or arising under any other lease or material agreement, and such default shall: (a) consist of the failure to pay Indebtedness for Borrowed Money at the maturity thereof; or (b) continue without being cured or waived (so long as such cure or waiver did not involve any payment of principal of such Indebtedness for Borrowed Money) for a period of time sufficient to permit acceleration of Indebtedness for Borrowed Money.

Certain Defaults on Other Indebtedness for Borrowed Money. Any default shall occur under the terms applicable to any Indebtedness for Borrowed Money outstanding in a principal amount exceeding individually or in the aggregate $25,000,000 of the Borrower or any Significant Subsidiary representing any borrowing or financing or arising under any other lease or material agreement, and such default shall: (ai) consist of the failure to pay Indebtedness for Borrowed Money at the maturity thereof; or (bii) continue without being cured or waived (so long as such cure or waiver did not involve any payment of principal of such Indebtedness for Borrowed Money) for a period of time sufficient to permit acceleration of Indebtedness for Borrowed Money.

Certain Defaults on Other Indebtedness for Borrowed Money. Any default shall occur under the terms applicable to any Indebtedness for Borrowed Money outstanding in a principal amount exceeding individually or in the aggregate $25,000,000 of the Borrower Borrower, the Guarantors or any Significant Subsidiary representing any borrowing or financing or arising under any other lease or material agreement, and such default shall: (a) consist of the failure to pay Indebtedness for Borrowed Money at the maturity thereof; or (b) continue without being cured or waived (so long as such cure or waiver did not involve any payment of principal of such Indebtedness for Borrowed Money) for a period of time sufficient to permit acceleration of Indebtedness for Borrowed Money.