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 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.)

Default in Other Agreements. (i) Failure of any Credit 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, amount payable in respect of one or more items of (x) the Subordinated Debt or (y) any other 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 or any of its Subsidiaries with respect to any other material term of (1) one or more items of Subordinated Debt or other 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; or

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Meridian Waste Solutions, Inc.), Credit and Guaranty Agreement (Meridian Waste Solutions, Inc.), Credit and Guaranty Agreement (Meridian Waste Solutions, 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, amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(aclause (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, 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 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, or any other event or circumstance shall occur, in each case beyond the grace period, 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 3 contracts

Samples: Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc), Credit 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 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 of any Credit Loan 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, 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 40,000,000 or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 40,000,000 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 2 contracts

Samples: Credit Agreement (Altisource Portfolio Solutions S.A.), Credit Agreement (Altisource Portfolio Solutions S.A.)

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 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 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 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 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 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 (1) Indebtedness referred to in Section 8.1(a)) and (2) Indebtedness of the PHCMI Group Members to Omega, so long as such Indebtedness constitutes Designated Non- CREDIT AND GUARANTY AGREEMENT 434546.21-New York Server 3A - MSW Recourse Debt) 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 7,500,000 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 (Mariner Health Care Inc)

Default in Other Agreements. (i) Failure of any Credit Party or any of their respective the OZ 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(a8.1 (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 50,000,000 or moremore (including, but not limited to, Indebtedness incurred pursuant to the Existing Credit Agreement), in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to (x) any other terms in the case of Indebtedness incurred pursuant to the Existing Credit Agreement and (y) any other material term in the case of (1) one or more items of Indebtedness other Indebtedness, which in either case is, 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 (Och-Ziff Capital Management Group LLC)

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, 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; provided that the mere occurrence of a default or event of default under the Third Wave Facility Agreement as a result of the fact that the Third Wave Acquisition and/or the Third Wave Merger may constitute a change of control as defined therein shall not in and of itself constitute an Event of Default hereunder; or

Appears in 1 contract

Samples: 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(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 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, 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 an individual principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 5,000,000 or the Equivalent Amount in any other currency or more or with an aggregate principal amount (or Net Xxxx-to-Market Exposure) of $100,000,000 10,000,000 or the Equivalent Amount in any other currency 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) one or more items of 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: Term Loan Agreement (Loews Cineplex Entertainment 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.)

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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(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 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 and Guaranty (Inspired Entertainment, 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 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 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, 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 Holdings or Company 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)subsection 8.1) or Contingent Obligations 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 15,000,000 or more, in each case beyond the end of any grace period, if any, period provided therefor; or (ii) breach or default by Holdings or Company or any Credit Party of their Subsidiaries with respect to any other material term of (1a) one or more items of 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, Indebtedness or Contingent Obligation(s) in each case beyond the grace period, if any, provided thereforsuch individual and aggregate principal amounts, 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 (Price Communications Wireless Inc)

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. (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 5,000,000 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 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. (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: Credit Agreement (Altisource Portfolio Solutions S.A.)

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