Debt Cross-Default. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable the principal of, or interest on, any Debt (other than the Loans and other than Nonrecourse Indebtedness) having an aggregate outstanding principal amount of $50,000,000 or more (“Material Debt”); or
Appears in 3 contracts
Samples: Credit Agreement (UDR, Inc.), Credit Agreement (United Dominion Realty Trust Inc), Term Loan Agreement (UDR, Inc.)
Debt Cross-Default. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable the principal of, or interest on, any Debt (other than the Loans and other than Nonrecourse Indebtedness) having an aggregate outstanding principal amount of $50,000,000 35,000,000 or more (“Material Debt”); or
Appears in 1 contract
Samples: Credit Agreement (United Dominion Realty Trust Inc)
Debt Cross-Default. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable payable, after the expiration of any applicable notice and cure period, the principal of, or interest on, any Debt (other than the Loans and other than Nonrecourse IndebtednessLoans) having an aggregate outstanding principal amount of $50,000,000 10,000,000 or more (“Material Debt”); or
Appears in 1 contract
Debt Cross-Default. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable payable, after the expiration of any applicable notice and cure period, the principal of, or interest on, any Debt (other than the Loans and other than Nonrecourse IndebtednessLoans) having an aggregate outstanding principal amount of $50,000,000 15,000,000 or more (“Material Debt”); or
Appears in 1 contract
Debt Cross-Default. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable the principal of, or interest on, any Debt (other than the Loans and other than the Nonrecourse Indebtedness) having an aggregate outstanding principal amount of $50,000,000 or more (“Material Debt”); or
Appears in 1 contract
Samples: Term Loan Agreement (UDR, Inc.)
