Default on Other Indebtedness, etc. (a) Any Indebtedness of any Credit Party in an aggregate principal amount exceeding $250,000 (i) shall be declared to be or shall become due and payable prior to the stated maturity thereof, or (ii) shall not be paid as and when the same becomes due and payable (including any applicable grace period); or (b) there shall occur and be continuing any event which constitutes an event of default or similar event (however expressed) relating to any Indebtedness of any Credit Party in an aggregate principal amount exceeding $500,000 the effect of which is to permit the holder or holders of such Indebtedness, or a trustee, collateral agent or other representative on behalf of such holder or holders, to cause such Indebtedness to become due prior to its stated maturity.
Default on Other Indebtedness, etc. (i) A default shall occur in the payment of any amount when due (subject to any applicable grace period), whether by acceleration or otherwise, of any principal or stated amount of, or interest or fees on, any Indebtedness (other than the Obligations) of any Company having a principal or stated amount, individually or in the aggregate, in excess of $50,000, or a default shall occur in the performance or observance of any obligation or condition with respect to any such Indebtedness if the effect of such default is to accelerate the maturity of such Indebtedness or to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare such Indebtedness to become immediately due and payable, (ii) a default shall occur (after expiration of any available grace or cure periods) in the performance or observance of any obligation or condition with respect to any Indebtedness which has been subordinated (whether as to payment or Lien priority) to the Obligations or Agent's Liens or any such Indebtedness shall be required to be or prepaid, redeemed, purchased or defeased, or require an offer to purchase or defease such Indebtedness to be made, prior to its expressed maturity, (iii) any Indebtedness of any Company having a principal or stated amount, individually or in the aggregate, in excess of $50,000 shall otherwise be required to be prepaid, redeemed, purchased or defeased, or require an offer to purchase or defease such Indebtedness to be made, prior to its expressed maturity or (iv) any default shall occur (after expiration of any available grace or cure periods) under any Material Contract.
Default on Other Indebtedness, etc. (a) Any Indebtedness of the Borrower or any Subsidiary in an aggregate principal amount exceeding $1,000,000 shall be duly declared to be or shall become due and payable prior to the stated maturity thereof, or any amount thereon or in respect thereof shall not be paid as and when the same becomes due and payable including any applicable grace period; or (b) there shall occur and be continuing any event which constitutes an event of default under any Instrument relating to any Indebtedness of the Borrower or any Subsidiary in an aggregate principal amount exceeding $1,000,000, the effect of which is to permit the holder or holders of such Indebtedness, or a trustee, agent or other representative on behalf of such holder or holders, to cause such Indebtedness to become due prior to its stated maturity.
Default on Other Indebtedness, etc. (a) Any Indebtedness of the Borrower or any Subsidiary in an aggregate principal amount exceeding $100,000 (i) shall be duly declared to be or shall become due and payable prior to the stated maturity thereof, or (ii) shall not be paid as and when the same becomes due and payable including any applicable grace period; or (b) there shall occur and be continuing any event under any Instrument relating to any Indebtedness of the Borrower or any Subsidiary in an aggregate principal amount exceeding $100,000, the effect of which is to cause such Indebtedness to become due prior to its stated maturity or to permit the holder or holders of such Indebtedness, or a trustee, agent or other representative on behalf of such holder or holders, to cause such Indebtedness to become due prior to its stated maturity or to require (or permit the holder or holders to require) the Borrower or any Subsidiary to redeem, repurchase or otherwise acquire or retire such Indebtedness for value.
Default on Other Indebtedness, etc. (a) Any Indebtedness of the Issuer or any Subsidiary in an aggregate principal amount exceeding $250,000 (other than the Notes) shall not be paid at its stated maturity or shall be duly declared to be or shall become due and payable prior to the stated maturity thereof, or (b) there shall occur and be continuing any event under any Instrument relating to any such Indebtedness, the effect of which is to cause such Indebtedness to become due prior to its stated maturity, or (c) the holder or holders of such Indebtedness, or any trustee, agent or other representative on behalf of such holder or holders, shall have demanded or required, pursuant to the terms of any Instrument relating to such Indebtedness, that the Issuer or any Subsidiary redeem, repurchase or otherwise acquire or retire such Indebtedness for value at any time prior to its stated maturity.
Default on Other Indebtedness, etc. (a) A default shall occur in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness (other than Indebtedness described in Section 9.1.1) of the Borrower or any of its Subsidiaries or any other Obligor having a principal amount, individually or in the aggregate, in excess of $15,000,000, or a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to cause such Indebtedness to become due and payable prior to its expressed maturity.
Default on Other Indebtedness, etc. Any other Indebtedness of Revco or any of its Subsidiaries in an outstanding principal amount of $10,000,000 or more shall become due and payable and not be paid or satisfied in full, or its holder shall be entitled to require Revco or such Subsidiary to purchase, repurchase, redeem, defease, retire or otherwise prepay such Indebtedness in whole or in part except with respect to the 6.5% Convertible Subordinate Debentures of Big B, Inc. due March 15, 2003 or as permitted by Section 8.2.10(b) of the Bank Credit Agreement (in each case without giving effect to any grace periods applicable thereto); or any default shall occur under the terms applicable to any Indebtedness in an outstanding principal amount of $10,000,000 or more of Revco or any of its Subsidiaries representing any borrowing or financing or arising under any other material agreement, and such default shall:
Default on Other Indebtedness, etc. (a) Any Indebtedness of any Loan Party in an aggregate principal amount exceeding $500,000 (i) shall be duly declared to be or shall become due and payable prior to the stated maturity thereof, or (ii) shall not be paid as and when the same becomes due and payable including any applicable grace period; or (b) there shall occur and be continuing any event which constitutes an event of default under any Instrument relating to any Indebtedness of any Loan Party in an aggregate principal amount exceeding $500,000 the effect of which is to permit the holder or holders of such Indebtedness, or a trustee, agent or other representative on behalf of such holder or holders, to cause such Indebtedness to 100 become due prior to its stated maturity; or (c) there shall occur under any Hedge Contract an Early Termination Date (as defined in such Hedge Contract) resulting from (A) any event of default under such Hedge Contract as to which a Loan Party is the Defaulting Party (as defined in such Hedge Contract) or (B) any Termination Event (as so defined) under such Hedge Contract as to which a Loan Party is an Affected Party (as so defined) and, in either event, the Hedge Termination Value owed by such Loan Party as a result thereof is greater than $500,000.
Default on Other Indebtedness, etc. (a) Any Indebtedness of any Loan Party or any Guarantor in an aggregate principal amount exceeding Five Hundred Thousand Dollars ($500,000) (i) shall be duly declared to be or shall become due and payable prior to the stated maturity thereof, or (ii) shall not be paid as and when the same becomes due and payable including any applicable grace period; or (b) there shall occur and be continuing any event which constitutes an event of default under any Instrument relating to any Indebtedness of any Loan Party in an aggregate principal amount exceeding Five Hundred Thousand Dollars ($500,000) the effect of which is to permit the holder or holders of such Indebtedness, or a trustee, agent or other representative on behalf of such holder or holders, to cause such Indebtedness to become due prior to its stated maturity.
Default on Other Indebtedness, etc. (a) A default shall occur on or after the Petition Date in performance or observance of any obligation or condition (including the failure to make any payment) with respect to any Indebtedness having a principal amount, individually or in the aggregate, in excess of $1,000,000 that was incurred by any DIP Obligor on or after the Petition Date (including the Primary DIP Facility but excluding Indebtedness described in Section 9.1.1) and (i) the holder of such Indebtedness shall have accelerated, or commenced the exercise of remedies with respect to, such Indebtedness or (ii) the effect of such default is to accelerate the maturity (or require the cash collateralization thereof) prior to its expressed maturity.
