Common use of Default Under Other Debt Clause in Contracts

Default Under Other Debt. The Parent or any Restricted Subsidiary shall fail to pay any principal of or premium or interest on any Debt which is outstanding in a principal amount of at least U.S. $5,000,000 in the aggregate (or the equivalent thereof, if in a currency other than U.S. Dollars) when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event constituting a default (however defined) shall occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument if the effect of such event or condition is to accelerate, or to enable or permit the acceleration of, the maturity of such Debt; or any such Debt shall become or be declared to be due and payable, or required to be prepaid, or the Parent or any Restricted Subsidiary shall be required to repurchase, redeem or defease or offer to repurchase, redeem or defease such Debt, in each case prior to the stated maturity thereof; or

Default Under Other Debt. The Parent Borrower or any Restricted Subsidiary shall fail to pay any principal of or premium or interest on any Debt which is outstanding in a principal amount of at least U.S. $5,000,000 in the aggregate (or the equivalent thereof, if in a currency other than U.S. Dollars) when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event constituting a default (however defined) shall occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument if the effect of such event or condition is to accelerate, or to enable or permit the acceleration of, the maturity of such Debt; or any such Debt shall become or be declared to be due and payable, or required to be prepaid, or the Parent Borrower or any Restricted Subsidiary shall be required to repurchase, redeem or defease or offer to repurchase, redeem or defease such Debt, in each case prior to the stated maturity thereof; or

Default Under Other Debt. The Parent Company or any Restricted Subsidiary of its Subsidiaries shall fail to pay any principal of or premium or interest on any Debt which is outstanding in a principal amount of at least U.S. $5,000,000 60,000,000 in the aggregate of the Company or such Subsidiary (or as the equivalent thereofcase may be), if in a currency other than U.S. Dollars) when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or 49 FIRST AMENDED AND RESTATED TERM LOAN AGREEMENT instrument relating to such Debt; or any other event constituting a default (however defined) shall occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument instrument, if the effect of such event or condition is to accelerate, or to enable or permit the acceleration of, the maturity of such Debt; or any such Debt shall become or be declared to be due and payable, or required to be prepaidprepaid (other than (i) by a regularly scheduled required prepayment, (ii) as required in connection with any permitted sale of assets, (iii) as required in connection with any casualty or condemnation, or (iv) or as a result of the Parent or any Restricted Subsidiary shall be required to repurchasegiving of notice of a voluntary prepayment), redeem or defease or offer to repurchase, redeem or defease such Debt, in each case prior to the stated maturity thereof; orprovided, however, that the provisions of this SECTION 9.4 shall not apply to any Non-Recourse Debt of any Non-Borrowing Subsidiary (as defined in the Primary Credit Agreement) of the Company.

Default Under Other Debt. The Parent or (i) any Restricted Subsidiary Borrower shall fail to pay any principal of or of, premium or interest on or any other amount payable in respect of Debt which is outstanding in a principal amount of such Person, aggregating for all such Debt of the Borrowers, at least U.S. $5,000,000 in 1,000,000 (excluding Debt represented by the aggregate (or the equivalent thereof, if in a currency other than U.S. DollarsNotes) when the same becomes due and payable (whether by at scheduled maturity, or by required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or (ii) any other event constituting a default (however defined) shall occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument instrument, if the effect of such event or condition is to accelerate, or to enable or permit the acceleration of, of the maturity of such DebtIndebtedness (whether or not such acceleration occurs); or (iii) any such Debt shall become or be declared to be due and payable, payable or required to be prepaidprepaid (other than by a regularly scheduled required prepayment), redeemed, purchased or defeased, or the Parent an offer to prepay, redeem, purchase or any Restricted Subsidiary defease such Debt shall be required to repurchase, redeem or defease or offer to repurchase, redeem or defease such Debtbe made, in each case prior to the stated maturity thereof; or;