Common use of Default on Indebtedness Clause in Contracts

Default on Indebtedness. Any IT Note or any other indebtedness for borrowed money of the Company is declared to be, or otherwise becomes, due and payable (other than at the option of the Company) prior to its stated maturity or regularly scheduled dates of payment, or any event shall occur or any condition shall exist in respect of any such indebtedness or under any agreement securing or relating to such indebtedness, the effect of which is to require (or permit any holder of such indebtedness of the Company to require) such indebtedness, or any portion thereof, to be paid prior to its stated maturity or prior to its regularly scheduled dates of payment; or

Appears in 5 contracts

Samples: Note Purchase Agreement (System Energy Resources Inc), Note Purchase Agreement (System Energy Resources Inc), Note Purchase Agreement (System Energy Resources Inc)

AutoNDA by SimpleDocs

Default on Indebtedness. Any IT Note Note, or any other indebtedness for borrowed money of the Company Company, is declared to be, or otherwise becomes, due and payable (other than at the option of the Company) prior to its stated maturity or regularly scheduled dates of payment, or any scheduled dates of payment, or any event shall occur or any condition shall exist in respect of any such indebtedness or under any agreement securing or relating to such indebtedness, the effect of which is to require (or permit any holder of such indebtedness of the Company or a trustee to require) such indebtedness, or any portion thereof, to be paid prior to its stated maturity or prior to its regularly scheduled dates of payment; or

Appears in 3 contracts

Samples: Note Agreement (Entergy Louisiana Inc), Note Agreement (Entergy Louisiana Inc), Note Agreement (Entergy Louisiana Inc)

AutoNDA by SimpleDocs

Default on Indebtedness. Any IT Note Note, or any other indebtedness for borrowed money of the Company Trust is declared to be, or otherwise becomes, due and payable (other than at the option of the CompanyTrust) prior to its stated maturity or regularly scheduled dates of payment, or any event shall occur or any condition shall exist in respect of any such indebtedness or under any agreement securing or relating to such indebtedness, the effect of which is to require (or permit any holder of such indebtedness of the Company or a trustee to require) such indebtedness, or any portion thereof, to be paid prior to its stated maturity or prior to its regularly scheduled dates of payment; or

Appears in 2 contracts

Samples: Note Agreement (Entergy Arkansas Inc), Note Agreement (Entergy Arkansas Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!