Default Under Other Borrowings. Default shall be made with respect to any Indebtedness for Borrowed Money of any of the Borrowers (other than the Loans) if the default is a failure to pay at maturity or if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made by any Borrower with respect to any Indebtedness for Borrowed Money (other than the Loans) with an outstanding principal amount of greater than $500,000 if the default is a failure to pay at maturity or if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. (a) Default which continues beyond any applicable grace period shall be made under any obligation of or guaranteed by any of the Borrowers equal to or greater than $250,000, if the effect of such default is to accelerate the maturity of such obligation or to permit the holder or obligee thereof to cause such obligation to become due prior to its stated maturity.
(b) Default shall be made under any obligation equal to or greater than $1,000,000 of a consolidated Affiliate, which is otherwise non-recourse to the Borrowers if the holder or obligee of such obligation has commenced action on any of the remedies available to it under the obligation.
Default Under Other Borrowings. An event of default shall be made with respect to any Indebtedness for Borrowed Money in a principal amount in excess of Two Million Dollars ($2,000,000), either individually or in the aggregate, of the Borrower, Xxxxx UK, NIM Holdings and/or any or all of the Guarantors, other than the Loans, if such Indebtedness for Borrowed Money was not paid when due, after giving effect to any applicable notice and cure period, or if the effect of such event of default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made with respect to any Indebtedness for Borrowed Money of the Borrower or any Domestic Subsidiary of the Borrower (other than the Loans and the Indebtedness for Borrowed Money under the Indenture) in excess of One Million Dollars ($1,000,000) in the aggregate if the effect of such default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made with respect to any Funded Debt (other than the Loan) if the effect of such default is to accelerate the maturity of such Funded Debt or to permit the holder or obligee thereof or other party thereto to cause any such Funded Debt to become due prior to its stated maturity.
Default Under Other Borrowings. Default shall be made with respect to any evidence of indebtedness or liability for borrowed money (other than the Loan) having a principal amount in excess of $1,000,000 or any operating or capital lease having a value in excess of $1,000,000 if the effect of such default is to accelerate the maturity of such evidence of indebtedness or liability.
Default Under Other Borrowings. An event of default shall be made with respect to any Indebtedness for Borrowed Money in a principal amount in excess of Two Million Dollars ($2,000,000), either individually or in the aggregate, of the Borrower and/or any or all of the Guarantors, other than the Loans, if the effect of such event of default is to accelerate the maturity of such Indebtedness for Borrowed Money or to permit the holder or obligee thereof or other party thereto to cause such Indebtedness for Borrowed Money to become due prior to its stated maturity.
Default Under Other Borrowings. (a) A Default which continues beyond any applicable grace period shall occur under any obligation of or guaranteed by any Borrower equal to or greater than $100,000, or any recourse obligation of or guaranteed by the Guarantor equal to or greater than $1,000,000, if the effect of such default is to accelerate the maturity of such obligation or to permit the holder or obligee thereof to cause such obligation to become due prior to its stated maturity;
(b) A Default shall occur under any obligation of a consolidated Affiliate equal to or greater than $10,000,000, which is otherwise non-recourse to each Borrower and the Guarantor.
Default Under Other Borrowings. 71 SECTION 9.11
