Common use of Cross Default, etc Clause in Contracts

Cross Default, etc. (a) The Borrower or any of Subsidiaries shall fail to make any payment when due (after giving effect to any applicable grace periods) in respect of any Capitalized Lease or in respect of any Financing Debt (other than the Credit Obligations) outstanding in an aggregate amount of principal (whether or not due) and accrued interest exceeding $250,000;