Common use of Default in Other Agreements Clause in Contracts

Default in Other Agreements. Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above) in excess of $20,000,000 in the aggregate and in each case beyond the end of any grace period provided therefor, if any; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a) one or more items of such Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided therefor, if any, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 3 contracts

Samples: Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc)

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Default in Other Agreements. Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above) in excess of $20,000,000 30,000,000 in the aggregate and in each case beyond the end of any grace period provided therefor, if any; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a) one or more items of such Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(sitem (s) of Indebtedness, in each case beyond the end of any grace period provided therefor, if any, if the effect of such breach or default is to cause, or to permit the holder or holders of that such Indebtedness (or a trustee on behalf of such holder or holders) to cause, that such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 2 contracts

Samples: Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess with an aggregate principal amount of $20,000,000 in the aggregate and in each case 5,000,000 or more, beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a1) one or more items of such Indebtedness in the individual or aggregate principal amount referred to in clause (i) above or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (3com Corp), Credit and Guaranty Agreement (3com Corp)

Default in Other Agreements. (i) Failure of any Credit Party the Borrower or any of their respective its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above7.1) in excess of $20,000,000 in the aggregate and in each case of $75,000,000 beyond the end of any grace period provided therefor, if any; or (ii) breach or default by any Credit Party the Borrower or any of their respective its Subsidiaries with respect to any other material term of (a) one or more items of such Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided therefor, if any, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or”

Appears in 2 contracts

Samples: Credit Agreement (Assurant Inc), Credit Agreement (Assurant Inc)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess with an aggregate principal amount of $20,000,000 in the aggregate and 10,000,000 or more, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a1) one or more items of such Indebtedness or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, or any other event or circumstance shall occur, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default or event or circumstance is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be, or to require an offer to purchase or redeem such Indebtedness be made (other than any due on sale provision with respect to any Indebtedness permitted to be repaid hereunder and which is so repaid in full); or

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Douglas Dynamics, Inc), Credit and Guaranty Agreement (Douglas Dynamics, Inc)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or premium on or interest on or any other amount in the nature of interest payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess with an aggregate principal amount of $20,000,000 in the aggregate and 15,000,000 or more, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a) one or more items of such Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(sone or more items of Indebtedness in the individual or aggregate principal amounts referred to in clause (i) of Indebtednessabove, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Bz Intermediate Holdings LLC), Credit and Guaranty Agreement (Boise Inc.)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess with an aggregate principal amount of $20,000,000 in the aggregate and in each case 1,000,000 or more, beyond the end of any grace period provided thereforperiod, if any, provided therefore; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a1) one or more items of such Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefore, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (American Reprographics CO), Credit and Guaranty Agreement (American Reprographics CO)

Default in Other Agreements. Failure of any Credit Party the Borrower or any of their respective its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 7.1 above) in excess of $20,000,000 in the aggregate and in each case beyond the end of any grace period provided therefor, if any; or (ii) breach or default by any Credit Party the Borrower or any of their respective its Subsidiaries with respect to any other material term of (a) one or more items of such Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided therefor, if any, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 2 contracts

Samples: Bridge Loan Agreement (Hospira Inc), Term Loan Agreement (Hospira Inc)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount amount, including any payment in settlement, payable in respect of the ABL Facility or one or more other items of Indebtedness (other than Indebtedness referred to in Section 8.1 above) in excess of $20,000,000 in the aggregate and Material Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a1) the ABL Facility Documents or one or more other items of such Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or subject to a compulsory repurchase or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (TiVo Corp)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to --------------------------- pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess an individual or aggregate principal amount of $20,000,000 in the aggregate and in each case 5,000,000 or more or beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a1) one or more items of such Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Focal Communications Corp)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above) in excess an individual principal amount of $20,000,000 in the 100,000 or more or with an aggregate and principal amount of $200,000 or more, in each case beyond the end of any grace period period, if any, provided therefor, if any; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (aA) one or more items of such Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above or (bB) any loan agreement, mortgage, indenture or other agreement relating to such item(s) item of Indebtedness, in each case beyond without cure or waiver within the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that such Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or;

Appears in 1 contract

Samples: Credit Agreement

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Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above) in excess an individual principal amount of $20,000,000 in the 75,000 or more or with an aggregate and principal amount of $150,000 or more, in each case beyond the end of any grace period period, if any, provided therefor, if any; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (aA) one or more items of such Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above or (bB) any loan agreement, mortgage, indenture or other agreement relating to such item(s) item of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or;

Appears in 1 contract

Samples: Credit Agreement (Tridex Corp)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess with an aggregate principal amount of $20,000,000 in the aggregate and 5.0 million or more, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of of, or any other condition or event shall occur under, (a1) one or more items of such Indebtedness in the aggregate principal amount referred to in clause (i) above or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default or condition or event is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Medical Device Manufacturing, Inc.)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries to --------------------------- pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess an individual or aggregate principal amount of $20,000,000 in the aggregate and in each case 5,000,000 or more or beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries with respect to any other material term of (a1) one or more items of such Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and 100 payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Focal Communications Corp)

Default in Other Agreements. Failure of any Credit Party or any of their respective Subsidiaries With respect to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above) in excess of $20,000,000 100,000,000 in the aggregate and in each case aggregate, (i) failure of any Credit Party or any of its Subsidiaries to pay when due any principal of or interest on or any other amount payable with respect thereto beyond the end of any applicable grace period provided therefor, if anyperiod; or (ii) breach or default by any Credit Party or any of their respective its Subsidiaries with respect to any other material term of of (a) one or more items of such Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided therefor, if any, if the effect of such breach or default is to cause, or to permit the holder or holders of that such Indebtedness (or a trustee on behalf of such holder or holders) to cause, that such Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 1 contract

Samples: Credit Agreement (Hospira Inc)

Default in Other Agreements. (i) Failure of any Credit Party the Borrower or any of their respective its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above7.1) in excess of $20,000,000 in the aggregate and in each case of $50,000,000 beyond the end of any grace period provided therefor, if any; or (ii) breach or default by any Credit Party the Borrower or any of their respective its Subsidiaries with respect to any other material term of (a) one or more items of such Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided therefor, if any, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 1 contract

Samples: Credit Agreement (Assurant Inc)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Subsidiaries Borrower to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 above8.1(a)) in excess an aggregate principal amount of $20,000,000 in the aggregate and in each case 2,500,000 or more beyond the end of any grace period provided thereforperiod, if any, provided therefor; or (ii) breach or default by any Credit Party or any of their respective Subsidiaries Borrower with respect to any other material term of (a1) one or more items of such Indebtedness in the individual or aggregate principal amounts referred to in clause (i) above, or (b2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace period provided thereforperiod, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) ), to cause, that Indebtedness to become or be declared due and payable (or subject to a compulsory repurchase or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

Appears in 1 contract

Samples: Credit Agreement (Tiptree Financial Inc.)

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