Common use of Default in Other Agreements Clause in Contracts

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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 8 contracts

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

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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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 70,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 70,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 6 contracts

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, 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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 70,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 70,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, 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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)7.1 above) in an individual principal amount (or Net Xxxx-to-Market Exposure) excess of $100,000,000 20,000,000 individually or with an $50,000,000 in the aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or more, and in each case beyond the end of any grace periodperiod provided therefor, if any, provided therefor; or (ii) breach or default by the Borrower or any Credit Party of its Subsidiaries with respect to any other material term of (1a) one or more items of such Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the end of any grace periodperiod provided therefor, 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 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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 5,000,000 or moremore (or, in the case of any Hedge Agreement, to the extent that the amount of such payment or other amount due thereunder is equal to or greater than $5,000,000), in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 2 contracts

Samples: Credit and Guaranty Agreement (Hamilton Lane INC), Credit and Guaranty Agreement (Hamilton Lane INC)

Default in Other Agreements. (i) Failure Except for the failure to fund the disputed portion of a payment in connection with an earn-out that is the subject of a good faith dispute and for which adequate reserve or other appropriate provision shall have been made in accordance with GAAP, failure of any of the Credit Party Parties or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) individually or in the aggregate in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 25,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (Hologic Inc), Credit and Guaranty Agreement (Hologic Inc)

Default in Other Agreements. (i) Failure of any Credit Loan Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a8.01(a)) ), in an individual principal amount (or Net XxxxMark-to-Market Exposure) of $100,000,000 10,000,000 or more or with an aggregate principal amount (or Net XxxxMark-to-Market Exposure) of $100,000,000 10,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Loan Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net XxxxMark-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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, 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: Super Senior Loan Credit Agreement (Altisource Portfolio Solutions S.A.)

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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 250,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above above, or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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; oror (iii) any “Default” (as defined in the ABL Credit Agreement) has occurred and is continuing; or (iv) any default, event of default or breach (however defined) has occurred under the Fox Note; or (v) any breach or default by any Credit Party under any term, condition, provision, representation or warranty contained in any Related Agreement or Material Contract that continues for five Business Days, if the effect of such breach or default is to cause, or to permit the other parties to such Related Agreement or Material Contract, as the case may be, to terminate such Related Agreement or Material Contract.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Vertex Energy Inc.)

Default in Other Agreements. (i) Failure of any Credit Loan Party or any of their respective its Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)subsection 8.1) or Contingent Obligations, in each case, that is not subject to a stay in the Cases, in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 500,000 or more, in each case beyond the end of any grace period, if any, period provided therefor; or or (ii) breach or default by any Credit Loan Party or any of its Subsidiaries with respect to any other material term of (1a) one or more items of Indebtedness or Contingent Obligations, in each case, that is not subject to a stay in the Cases, in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of IndebtednessIndebtedness or Contingent Obligation(s), in each case beyond the any applicable grace period, 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 Contingent Obligation(s) (or a trustee on behalf of such holder or holders), ) to cause, that Indebtedness or Contingent Obligation(s) 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: Superpriority Debtor in Possession Credit Agreement (Propex Inc.)

Default in Other Agreements. (i) Failure of any Credit Loan Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a8.01(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 20,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 20,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Loan Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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: Senior Secured Term Loan Facility Agreement (Home Loan Servicing Solutions, Ltd.)

Default in Other Agreements. (i) Failure of any Credit Party Company or any of their respective its Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, amount payable in respect of any Subordinated Indebtedness or one or more items of any other Indebtedness (other than Indebtedness referred to in Section 8.1(a)subsection 8.1) or Contingent Obligations in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 3,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 3,000,000 or more, in each case beyond the end of any grace period, if any, period provided therefor; or (ii) breach or default by Company or any Credit Party of its Subsidiaries with respect to any other material term of (1a) any Subordinated Indebtedness or one or more items of any other Indebtedness or Contingent Obligations in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided thereforIndebtedness or Contingent Obligation(s), if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness or Contingent Obligation(s) (or a trustee on behalf of such holder or holders), ) to cause, that Indebtedness or Contingent Obligation(s) 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 bebe (upon the giving or receiving of notice, lapse of time, both, or otherwise); or

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

Default in Other Agreements. (ia) Failure of any Credit Loan Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)8.1) or Contingent Obligations for Indebtedness in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 2,500,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 5,000,000 or more, in each case beyond the end of any grace period, if any, period provided therefor; or or (iib) breach or default by any Credit Loan Party with respect to any other material term of (1i) one or more items of Indebtedness or Contingent Obligations for Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (ia) above or (2ii) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided thereforIndebtedness or Contingent Obligation(s), if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness or Contingent Obligation(s) (or a trustee on behalf of such holder or holders), ) to cause, that Indebtedness or Contingent Obligation(s) 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 bebe (upon the giving or receiving of notice, lapse of time, both, or otherwise), in each case beyond the end of any grace period provided thereafter; or

Appears in 1 contract

Samples: Credit Agreement (Grande Communications Holdings, Inc.)

Default in Other Agreements. (i) Failure of any Credit Loan Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a8.01(a)) in an individual principal amount (or Net XxxxMark-to-Market Exposure) of $100,000,000 5,000,000 or more or with an aggregate principal amount (or Net XxxxMark-to-Market Exposure) of $100,000,000 5,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Loan Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net XxxxMark-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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; oror (f) Involuntary Bankruptcy;

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Altisource Portfolio Solutions S.A.)

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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net XxxxMxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net XxxxMxxx-to-Market Exposure) of $100,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net XxxxMxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (Valeant Pharmaceuticals International, 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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual a principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or more, in each case more beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor, if 125 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 (iii) breach or default by Company under the Swap Agreement, if the effect of such breach or default is to permit the holder or holders of that Indebtedness to terminate the Swap Agreement and all or substantially all of the outstanding transactions thereunder; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Belden & Blake Corp /Oh/)

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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 3,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 5,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (Ipc Acquisition Corp)

Default in Other Agreements. (i) Failure of any Credit Loan Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a8.01(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Loan Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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: Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)

Default in Other Agreements. (i) Failure of any Credit Party Party, any of its Subsidiaries or any of their respective Subsidiaries Controlled Fund GP to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or moreMaterial Indebtedness, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party Party, any of its Subsidiaries or any Controlled Fund GP with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above Material Indebtedness, or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Material Indebtedness, in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Material Indebtedness (or a trustee on behalf of such holder or holders), with or without the passage of time, to cause, that Material Indebtedness to become or be declared due and payable (or redeemablesubject to a compulsory repurchase or other redemption) 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 (P10, 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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 50,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 100,000 or more, in each case beyond the grace period, if any, provided therefor; , or (ii) breach or default by any Credit Party with respect to any other material term of (1A) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) item of Indebtedness, in each case beyond the grace period, 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 (Scan Optics 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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net XxxxMxxx-to-Market Exposure) of $100,000,000 2,000,000 or more or with an aggregate principal amount (or Net XxxxMxxx-to-Market Exposure) of $100,000,000 2,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net XxxxMxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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: Note Purchase Agreement (Inspired Entertainment, Inc.)

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Default in Other Agreements. (i) Failure of any Credit Loan Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a8.01(a)) in an individual principal amount (or Net XxxxMxxx-to-Market Exposure) of $100,000,000 10,000,000 or more or with an aggregate principal amount (or Net XxxxMxxx-to-Market Exposure) of $100,000,000 10,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Loan Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net XxxxMxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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: Senior Secured Term Loan Facility Agreement (Ocwen Financial 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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 70,000,000100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 70,000,000100,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (Valeant Pharmaceuticals International, Inc.)

Default in Other Agreements. (i) Failure of any Credit Party Non-Debtor Subsidiaries or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) outstanding under Section 6.1(b) or (c) or any other Indebtedness in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 2,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party Non-Debtor Subsidiaries with respect to any other material term of (1) one or more items of Indebtedness referred to in or in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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, except, in each case, with respect to the Parent 10% Senior Secured Note Documents; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ambassadors International 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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual a principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 3,500,000 or more, in each case beyond the grace period, if any, provided therefortherefore and the holder of such Indebtedness has any rights or remedies exercisable as a result of such failure; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefortherefore, 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 (Vca Antech 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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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; oror (c)

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, 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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 25,000,000 or more (or, with respect to Non-Recourse Indebtedness, $50,000,000 or more), in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (8point3 Energy Partners LP)

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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (in case of the Credit Parties, other than Indebtedness referred to in Section 8.1(a)) and other Indebtedness of Subsidiaries which are not Credit Parties, in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 5,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party or any of its Subsidiaries with respect to any other material term of (1) one or more items of such Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 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: Senior Secured Revolving Credit and Guaranty Agreement (Dura Automotive Systems Inc)

Default in Other Agreements. (i) Failure of any Credit Loan Party or any of their respective Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a7.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or more, in each case beyond the grace period, if any, provided therefor; therefor or (ii) breach or default by any Credit Loan Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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: Senior Unsecured Term Loan Agreement (Altisource Portfolio Solutions S.A.)

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, including any payment in settlement, payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 25.0 million or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 25.0 million or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (Valeant Pharmaceuticals International)

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, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a6.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 100,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 200,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to (1) any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above above, or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor, Indebtedness 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 redeemablesubject to a compulsory repurchase or redemption) or to require the prepayment, redemption, repurchase or defeasance of, or to cause such Credit Party to make any offer to prepay, redeem, repurchase or defease such Indebtedness, 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 (Energy & Exploration Partners, Inc.)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective Restricted Subsidiaries to pay when due any principal of or interest on or any other amount, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual a principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 or more, in each case more beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, 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 (iii) breach or default by Company under the X. Xxxx Swap or any other material Swap Agreement, if the effect of such breach or default is to permit the holder or holders of that Indebtedness to terminate the X. Xxxx Swap or any other material Swap Agreement, and all or substantially all of the outstanding transactions thereunder; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Belden & Blake Corp /Oh/)

Default in Other Agreements. (i) Failure of the Company, any Credit Party of its Subsidiaries or any of their respective Subsidiaries Obligor to pay when due any principal of or interest on or any other amount, including any payment in settlement, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a)) in an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 1,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 5,000,000 or more, in each case beyond the grace period, if any, provided therefor; , or (ii) breach or default by the Company, any Credit Party of its Subsidiaries or any Obligor with respect to any other material term of (1A) one or more items of Indebtedness in the individual or aggregate principal amounts (or Net Xxxx-to-Market Exposure) referred to in clause (i) above or above, (2B) any loan agreement, mortgage, indenture or other agreement relating to such item(sitem of Indebtedness or (C) of Indebtednessany Material Contract, in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, cause or to permit (1) the holder or holders of that such Indebtedness (or a trustee on behalf of such holder or holders)) or any party to such Material Contract, as the case may be, to causecause such Indebtedness or the obligations under such Material Contract, that Indebtedness as the case may be, to become or be declared due and payable (or redeemable) or (2) any party to such Material Contract to terminate the same, in each case prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or, in either case as a result of such breach or default.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase Agreement (Digitalglobe Inc)

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