Common use of Default Under Other Indebtedness Clause in Contracts

Default Under Other Indebtedness. The Guarantor or any of its Subsidiaries shall fail (i) to make any payment of any principal of, or interest or premium on, any Indebtedness (other than in respect of the Advances) in an aggregate principal amount outstanding of at least $10,000,000 (or its equivalent in any other currency) when due (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 Indebtedness as of the date of such failure, or (ii) to perform or observe any term, covenant or condition on its part to be per formed or observed under any agreement or instrument relating to any such Indebtedness, when required to be performed or observed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure to perform or observe is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness without any further action by the holder thereof; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a contractually required prepayment), prior to the stated maturity thereof; or any facility or commitment available to the Guarantor or any Subsidiary relating to Indebtedness in an aggregate amount at any one time of not less than $10,000,000 (or its equivalent in any other currency) is withdrawn, suspended or cancelled by reason of any default (however described) of the Guarantor or such Subsidiary; or

Default Under Other Indebtedness. The Guarantor Borrower or any of its Subsidiaries shall fail (i) to make any payment of any principal of, or interest or premium on, any Indebtedness (other than in respect of the AdvancesLoans) in an aggregate principal amount outstanding of at least $10,000,000 (or its equivalent in any other currency) when due (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 Indebtedness as of the date of such failure, or (ii) to perform or observe any term, covenant or condition on its part to be per formed performed or observed under any agreement or instrument relating to any such Indebtedness, when required to be performed or observed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure to perform or observe is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness without any further action by the holder thereof; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a contractually required prepayment), prior to the stated maturity thereof; or any facility or commitment available to the Guarantor Borrower or any Subsidiary relating to Indebtedness in an aggregate amount at any one time of not less than $10,000,000 (or its equivalent in any other currency) is withdrawn, suspended or cancelled by reason of any default (however described) of the Guarantor Borrower or such Subsidiary; or.

Default Under Other Indebtedness. (i) The Guarantor Company or any of its Subsidiaries Subsidiary shall fail (iA) to make any payment of any principal of, or interest or premium on, any Indebtedness (other than in respect of the Advances) in an aggregate principal amount outstanding of at least $10,000,000 (or its equivalent in any other currencyLoans) when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) and such failure shall continue after the applicable notice or grace period, if any, specified in the agreement or instrument relating to such Indebtedness as of the date of such failure, ; or (iiB) to perform or observe any term, covenant or condition on its part to be per formed performed or observed under any agreement or instrument relating to any such Indebtedness, when required to be performed or observed, or any other event shall occur or condition shall exist under any such agreement or instrument, and such failure failure, event or condition shall continue after the applicable applicable, notice or grace period, if any, specified in such agreement or instrument, if the effect of such failure to perform failure, event or observe condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness without any further action by the holder thereofIndebtedness; or (ii) any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a contractually regularly scheduled required prepayment), prior to the stated maturity thereof; or (iii) any facility or commitment available to the Guarantor Company or any Subsidiary relating to Indebtedness in an aggregate amount at any one time of not less than $10,000,000 (or its equivalent in any other currency) is withdrawn, suspended or cancelled by reason of any default (however described) of the Guarantor Company or such Subsidiary; or.

Default Under Other Indebtedness. The Guarantor (i) Borrower, Unified or any Subsidiary of its Subsidiaries Borrower shall fail (iA) to make any payment of any principal of, or interest or premium on, any Indebtedness (other than in respect of the AdvancesLoans) in an aggregate principal amount outstanding of at least $10,000,000 150,000 (or its equivalent $5,000,000 in any other currencythe case of Unified) when due (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 Indebtedness as of the date of such failureIndebtedness, or (iiB) to perform or observe any term, covenant or condition on its part to be per formed performed or observed under any agreement or instrument relating to any such Indebtedness, when required to be performed or observed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure to perform or observe is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness without any further action by the holder thereofIndebtedness; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a contractually regularly scheduled required prepayment), prior to the stated maturity thereof; (ii) any "Event of Default" shall occur and be continuing under the Unified Loan Agreement; or (iii) any "Termination Event" or event of default shall occur and be continuing under any Loan Purchase Agreement, the Guaranty or any facility or commitment available other Guaranty Obligation related to the Guarantor or any Subsidiary relating to Indebtedness in an aggregate amount at any one time of not less than $10,000,000 (or its equivalent in any other currency) is withdrawn, suspended or cancelled by reason of any default (however described) of the Guarantor or such Subsidiary; orLoan Purchase Agreement.

Default Under Other Indebtedness. The Guarantor (i) Borrower, Certified or any Subsidiary of its Subsidiaries Borrower shall fail (iA) to make any payment of any principal of, or interest or premium on, any Indebtedness (other than in respect of the AdvancesLoans) in an aggregate principal amount outstanding of at least $10,000,000 (or its equivalent in any other currency) 250,000 when due (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 Indebtedness as of the date of such failureIndebtedness, or (iiB) to perform or observe any term, covenant or condition on its part to be per formed performed or observed under any agreement or instrument relating to any such Indebtedness, when required to be performed or observed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure to perform or observe is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness without any further action by the holder thereofIndebtedness; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a contractually regularly scheduled required prepayment), prior to the stated maturity thereof; (ii) any "Event of Default" shall occur under the Certified Loan Agreement; or (iii) any facility "Termination Event" or commitment available to event of default shall occur under the Guarantor Loan Purchase Agreements or any Subsidiary relating to Indebtedness in an aggregate amount at any one time of not less than $10,000,000 (or its equivalent in any other currency) is withdrawn, suspended or cancelled by reason of any default (however described) of the Guarantor or such Subsidiary; orGuaranty.

Default Under Other Indebtedness. The Guarantor Borrower or any of its Subsidiaries shall fail (i) to make any payment of any principal of, or interest or premium on, any Indebtedness (other than in respect of the AdvancesLoans) in an aggregate principal amount outstanding of at least $10,000,000 (or its equivalent in any other currency) 2,000,000 when due (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 Indebtedness as of the date of such failure, or (ii) to perform or observe any term, covenant or condition on its part to be per formed performed or observed under any agreement or instrument relating to any such Indebtedness, when required to be performed or observed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure to perform or observe is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness without any further action by the holder thereofIndebtedness; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a contractually regularly scheduled required prepayment), prior to the stated maturity thereof; or any facility or commitment available to the Guarantor or any Subsidiary relating to Indebtedness in an aggregate amount at any one time of not less than $10,000,000 (or its equivalent in any other currency) is withdrawn, suspended or cancelled by reason of any default (however described) of the Guarantor or such Subsidiary; or.

Default Under Other Indebtedness. The Guarantor or any of its Subsidiaries shall fail (i) to make any payment of any principal of, or interest or premium on, any Indebtedness (other than in respect of the Advances) in an aggregate principal amount outstanding of at least $10,000,000 (or its equivalent in any other currency) when due (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 Indebtedness as of the date of such failure, or (ii) to perform or observe any term, covenant or condition on its part to be per formed performed or observed under any agreement or instrument relating to any such Indebtedness, when required to be performed or observed, and such failure shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such failure to perform or observe is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness without any further action by the holder thereof; or any such Indebtedness shall be declared to be due and payable, or required to be prepaid (other than by a contractually required prepayment), prior to the stated maturity thereof; or any facility or commitment available to the Guarantor or any Subsidiary relating to Indebtedness in an aggregate amount at any one time of not less than $10,000,000 (or its equivalent in any other currency) is withdrawn, suspended or cancelled by reason of any default (however described) of the Guarantor or such Subsidiary; or