Common use of Cross Payment Default Clause in Contracts

Cross Payment Default. the Borrower or any Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (subject to any applicable grace period);

Cross Payment Default. the The Borrower or any Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, Debt when and as the same shall become due and payable (subject to or within any applicable grace period), if any, unless such failure to make such payment is cured or waived;

Cross Payment Default. the Borrower or any Restricted Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (subject to any applicable grace period)payable;

Cross Payment Default. the Borrower or any Restricted Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material IndebtednessIndebtedness of the Borrower or any Restricted Subsidiary, when and as the same shall become due and payable (subject to any applicable grace period)payable;