Common use of Debt Cross-Default Clause in Contracts

Debt Cross-Default. (i) Any Obligor or any Subsidiary shall default for a period beyond any applicable grace period in the payment of any principal, interest or other amount due under any agreement involving the borrowing of money or the advance of credit (other than trade payables or Non-Recourse Indebtedness) and the outstanding amount or amounts payable under all such agreements equals or exceeds $50,000,000 or (ii) an event of default shall have occurred and be continuing under an agreement, or related agreements, under which any Obligor or any Subsidiary has outstanding Indebtedness for borrowed money (other than Non-Recourse Indebtedness) of $10,000,000 or more, and in the case of this clause (ii), such debt has been accelerated by the holder of such debt, or the holder of such debt has attempted to accelerate but such acceleration was prevented by applicable Governmental Rule.

Debt Cross-Default. (i) Any Obligor Borrower or any Significant Subsidiary shall default for a period beyond any applicable grace period in the payment of any principal, interest or other amount due under any agreement involving the borrowing of money or the advance of credit (other than trade payables or Nonnon-Recourse Indebtednessrecourse indebtedness) and the outstanding amount or amounts payable under all such agreements equals or exceeds $50,000,000 or (ii) an event of default shall have occurred and be continuing under an agreement, or related agreements, under which any Obligor Borrower or any Significant Subsidiary has outstanding Indebtedness indebtedness for borrowed money (other than Nonnon-Recourse Indebtednessrecourse indebtedness) of $10,000,000 or moremore and, and in the case of this clause (ii), such debt has been accelerated by the holder of such debt, or the holder of such debt has attempted to accelerate but such acceleration was prevented by applicable Governmental Rule.

Debt Cross-Default. (ia) Any Obligor Borrower or any Significant Subsidiary shall default for a period beyond any applicable grace period in the payment of any principal, interest or other amount due under any agreement involving the borrowing of money or the advance of credit (other than trade payables or Nonnon-Recourse Indebtednessrecourse indebtedness) and the outstanding amount or amounts payable under all such agreements equals or exceeds $50,000,000 or (iib) an event of default shall have occurred and be continuing under an agreement, or related agreements, under which any Obligor Borrower or any Significant Subsidiary has outstanding Indebtedness indebtedness for borrowed money (other than Nonnon-Recourse Indebtednessrecourse indebtedness) of $10,000,000 or moremore and, and in the case of this clause (iib), such debt has been accelerated by the holder of such debt, or the holder of such debt has attempted to accelerate but such acceleration was prevented by applicable Governmental Rule.

Debt Cross-Default. (i) Any Obligor Borrower or any Subsidiary shall default for a period beyond any applicable grace period in the payment of any principal, interest or other amount due under any agreement involving the borrowing of money or the advance of credit (other than trade payables or Non-Recourse Indebtedness) and the outstanding amount or amounts payable under all such agreements equals or exceeds $50,000,000 or (ii) an event of default shall have occurred and be continuing under an agreement, or related agreements, under which any Obligor Borrower or any Subsidiary has outstanding Indebtedness for borrowed money (other than Non-Recourse Indebtedness) of $10,000,000 or more, and in the case of this clause (ii), such debt has been accelerated by the holder of such debt, or the holder of such debt has attempted to accelerate but such acceleration was prevented by applicable Governmental Rule.