Common use of Default of Indebtedness Clause in Contracts

Default of Indebtedness. Credit Parties are not in default in the payment of the principal of or interest on any Indebtedness or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.

Default of Indebtedness. None of the Credit Parties are not is in default in the payment of the principal of or interest on any Indebtedness or under any instrument or agreement under or subject to which any Indebtedness has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder, other than trade payables which are outstanding beyond their terms in the ordinary course of the Credit Parties' businesses.

Default of Indebtedness. No Credit Parties are not Party is in default in the payment of the principal of or interest on any Indebtedness (exclusive of trade debt) or under any instrument or agreement under or subject to which any Indebtedness (exclusive of trade debt) has been issued and no event has occurred under the provisions of any such instrument or agreement which that, with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.

Default of Indebtedness. No Credit Parties are not Party is in default in the payment of the principal of or interest on any Indebtedness in excess of $50,000 or under any instrument or agreement under or subject to which any Indebtedness in excess of $50,000 has been issued and no event has occurred under the provisions of any such instrument or agreement which with or without the lapse of time or the giving of notice, or both, constitutes or would constitute an event of default thereunder.