Common use of Cross-Default to Indebtedness Clause in Contracts

Cross-Default to Indebtedness. If a Borrower or any of its Subsidiaries shall default (as payor or guarantor or other surety) in the payment of any Indebtedness (other than obligations which are covered in Subsections 9.1.1 (Failure to Pay Principal or Reimbursement Obligations) and 9.1.2 (Failure to Pay Interest, Fees, Etc.)) and the underlying obligation with respect to which a default has occurred aggregates One Million Five Hundred Thousand Dollars ($1,500,000) or more or could result in a required payment of One Million Five Hundred Thousand Dollars ($1,500,000) or more, or (b) if any event shall occur or condition shall exist in respect of any such Indebtedness which would permit or shall have caused, the acceleration of the payment, time for payment or maturity of any such Indebtedness; or

Cross-Default to Indebtedness. (a) If a Parent, the Borrower or any of its Subsidiaries shall default (as payor or guarantor or other surety) in the payment of any Indebtedness (other than obligations which are covered in Subsections 9.1.1 (Failure to Pay Principal or Reimbursement Obligations) and 9.1.2 (Failure to Pay Interest, Fees, Etc.)) and the underlying obligation with respect to which a default has occurred aggregates One Five Million Five Hundred Thousand Dollars ($1,500,0005,000,000) or more or could result in a required payment of One Five Million Five Hundred Thousand Dollars ($1,500,0005,000,000) or more, or (b) if any event shall occur or condition shall exist in respect of any such Indebtedness which would permit permit, or shall have caused, the acceleration of the payment, time for payment or maturity of any such Indebtedness; or

Cross-Default to Indebtedness. (a) If a Parent, the Borrower or any of its Subsidiaries shall default (as payor or guarantor or other surety) in the payment of any Indebtedness (other than obligations which are covered in Subsections 9.1.1 (Failure to Pay Principal or Reimbursement Obligations) and 9.1.2 (Failure to Pay Interest, Fees, Etc.)) and the underlying obligation with respect to which a default has occurred aggregates One Seven Million and Five Hundred Thousand Dollars ($1,500,0007,500,000) or more or could result in a required payment of One Seven Million and Five Hundred Thousand Dollars ($1,500,0007,500,000) or more, or (b) if any event shall occur or condition shall exist in respect of any such Indebtedness which would permit permit, or shall have caused, the acceleration of the payment, time for payment or maturity of any such Indebtedness; or

Cross-Default to Indebtedness. (a) If a the Borrower or any of its Subsidiaries shall default (as payor or guarantor or other surety) in the payment of any Indebtedness (other than obligations which are covered in Subsections 9.1.1 (Failure to Pay Principal or Reimbursement Obligations) and 9.1.2 (Failure to Pay Interest, Fees, Etc.)) and the underlying obligation with respect to which a default has occurred aggregates One Million Five Hundred Thousand Dollars ($1,500,000) or more or could result in a required payment of One Million Five Hundred Thousand Dollars ($1,500,000) or more, or (b) if any event shall occur or condition shall exist in respect of any such Indebtedness which would permit or shall have caused, the acceleration of the payment, time for payment or maturity of any such Indebtedness; or

Cross-Default to Indebtedness. (a) If a Parent, Holdings, the Borrower or any of its Subsidiaries shall default (as payor or guarantor or other surety) in the payment of any Indebtedness (other than obligations which are covered in Subsections 9.1.1 (Failure to Pay Principal or Reimbursement Obligations) and 9.1.2 (Failure to Pay Interest, Fees, Etc.)) and the underlying obligation with respect to which a default has occurred aggregates One Two Million Five Hundred Thousand Dollars ($1,500,0002,500,000) or more or could result in a required payment of One Two Million Five Hundred Thousand Dollars ($1,500,0002,500,000) or more, or (b) if any event shall occur or condition shall exist in respect of any such Indebtedness which would permit permit, or shall have caused, the acceleration of the payment, time for payment or maturity of any such Indebtedness; or

Cross-Default to Indebtedness. If a the Borrower or any of its Subsidiaries shall default (as payor or guarantor or other surety) in the payment of any Indebtedness (other than obligations which are covered in Subsections 9.1.1 (Failure to Pay Principal or Reimbursement Obligations) and 9.1.2 (Failure to Pay Interest, Fees, Etc.)) and the underlying obligation with respect to which a default has occurred aggregates One Three Million Five Hundred Thousand Dollars ($1,500,0003,000,000) or more or could result in a required payment of One Three Million Five Hundred Thousand Dollars ($1,500,0003,000,000) or more, or (b) if any event shall occur or condition shall exist in respect of any such Indebtedness which would permit or shall have caused, the acceleration of the payment, time for payment or maturity of any such Indebtedness; or