Common use of Default in Other Debt Clause in Contracts

Default in Other Debt. (a) The Borrower or any Subsidiary of the Borrower shall default in the payment (whether at stated maturity, upon acceleration, upon required prepayment or otherwise), beyond any period of grace provided therefor, of any principal of or interest on any other Debt with a principal amount in excess of $2,000,000 or (b) any other breach or default (or other event or condition) shall occur under any agreement, indenture or instrument relating to any such other Debt, if the effect of such breach or default (or such other event or condition) is to cause, or to permit the holder or holders of the other Debt (or a Person on behalf of such holder or holders) to cause (upon the giving of notice, the lapse of time or both, or otherwise), such other Debt to become or be declared due and payable, or required to be prepaid, redeemed, purchased or defeased (or an offer of prepayment, redemption, purchase or defeasance be made), prior to its stated maturity (other than by a scheduled mandatory prepayment); or

Default in Other Debt. (a) The Any Borrower or any Consolidated Subsidiary of the any Borrower shall default in the payment (whether at stated maturity, upon acceleration, upon required prepayment or otherwise), beyond any period of grace provided therefor, of any principal of or interest on any other Debt with a principal amount in excess of $2,000,000 400,000 or (b) any other breach or default (or other event or condition) shall occur under any agreement, indenture or instrument relating to any such other Debt, if the effect of such breach or default (or such other event or condition) is to cause, or to permit the holder or holders of the other Debt (or a Person on behalf of such holder or holders) to cause (upon the giving of notice, the lapse of time or both, or otherwise), such other Debt to become or be declared due and payable, or required to be prepaid, redeemed, purchased or defeased (or an offer of prepayment, redemption, purchase or defeasance be made), prior to its stated maturity (other than by a scheduled mandatory prepayment); or

Default in Other Debt. (a) The Borrower or any Subsidiary of the Borrower shall default in the payment (whether at stated maturity, upon acceleration, upon required prepayment or otherwise), beyond any period of grace provided therefor, of any principal of or interest on any other Debt with a principal amount in excess of $2,000,000 100,000 or (b) any other breach or default (or other event or condition) shall occur under any agreement, indenture or instrument relating to any such other Debt, if the effect of such breach or default (or such other event or condition) is to cause, or to permit the holder or holders of the other Debt (or a Person on behalf of such holder or holders) to cause (upon the giving of notice, the lapse of time or both, or otherwise), such other Debt to become or be declared due and payable, or required to be prepaid, redeemed, purchased or defeased (or an offer of prepayment, redemption, purchase or defeasance be made), prior to its stated maturity (other than by a scheduled mandatory prepayment); or

Default in Other Debt. (a) The Any Borrower or any Consolidated --------------------- Subsidiary of the any Borrower shall default in the payment (whether at stated maturity, upon acceleration, upon required prepayment or otherwise), beyond any period of grace provided therefor, of any principal of or interest on any other Debt with a principal amount amount, individually or in the aggregate, in excess of $2,000,000 400,000 or (b) any other breach or default (or other event or condition) shall occur under any agreement, indenture or instrument relating to any such other Debt, if the effect of such breach or default (or such other event or condition) is to cause, or to permit the holder or holders of the such other Debt (or a Person on behalf of such holder or holders) to cause (upon the giving of notice, the lapse of time or both, or otherwise), such other Debt to become or be declared due and payable, or required to be prepaid, redeemed, purchased or defeased (or an offer of prepayment, redemption, purchase or defeasance be made), prior to its stated maturity (other than by a scheduled mandatory prepayment); or