Common use of Defaults in Other Agreements or Indebtedness Clause in Contracts

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower or any Subsidiary of the Borrower may be obligated as a borrower or guarantor in excess of $10,000,000 in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary), and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity date;

Appears in 4 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc)

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Defaults in Other Agreements or Indebtedness. A breach, default or event of default shall occur at any time under the terms of any agreement (other agreement than any Loan Document) involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower or any Restricted Subsidiary of the Borrower for all such Indebtedness may be obligated as a borrower or guarantor in excess of $10,000,000 the Threshold Amount in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary)for such Indebtedness, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity datein excess of the Threshold Amount;

Appears in 2 contracts

Samples: Credit Agreement (CNX Coal Resources LP), Credit Agreement (CNX Coal Resources LP)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the terms of (i) the Senior Notes (1991), (ii) the Senior Notes (2002), (iii) the Permitted Receivables Facility or (iv) any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower or any Subsidiary of the Borrower Loan Party may be obligated as a borrower or guarantor in excess of $10,000,000 25,000,000 in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary)aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity datelend;

Appears in 2 contracts

Samples: Collateral Trust Agreement (Consol Energy Inc), Security Agreement (Consol Energy Inc)

Defaults in Other Agreements or Indebtedness. A breach, default or event of default shall occur at any time under the terms of any agreement (other agreement than any Loan Document) involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower or any Restricted Subsidiary of the Borrower for all such Indebtedness may be obligated as a borrower or guarantor in excess of $10,000,000 the Threshold Amount in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary)for such Indebtedness, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause lend, in excess of the Threshold Amount in the aggregate for all such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity dateand commitments;

Appears in 2 contracts

Samples: Credit Agreement (CONSOL Energy Inc.), Credit Agreement (CONSOL Energy Inc.)

Defaults in Other Agreements or Indebtedness. A breach, default or event of default shall occur at any time under the terms of any agreement (other agreement than any Loan Document) involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower or any Restricted Subsidiary of the Borrower for all such Indebtedness may be obligated as a borrower or guarantor in excess of $10,000,000 the Threshold Amount in the aggregate (other than Non-Recourse for such Indebtedness or the Indebtedness of any Project Mining Subsidiary), and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause lend, in excess of the Threshold Amount in the aggregate for all such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity dateand commitments;

Appears in 2 contracts

Samples: Credit Agreement (CONSOL Energy Inc.), Credit Agreement (CONSOL Energy Inc.)

Defaults in Other Agreements or Indebtedness. (i) A default or event of default shall occur at any time under (a) the First Mortgage Indenture or a New Mortgage Indenture, or (b) the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower any Loan Party or any Subsidiary of the Borrower any Loan Party may be obligated as a borrower or guarantor in excess of $10,000,000 30,000,000 in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary)aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity date;lend; or

Appears in 2 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower any Loan Party or any Subsidiary of the Borrower any Loan Party may be obligated as a borrower or guarantor in excess of $10,000,000 5,000,000 in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary)aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend lend; provided that this Section 9.1.6 shall not apply to any secured Indebtedness that becomes due as a result of a voluntary sale or cause transfer of the property or assets securing such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity dateif the amount that becomes due is promptly paid;

Appears in 2 contracts

Samples: Credit Agreement (Healthcare Services Group Inc), Credit Agreement (Healthcare Services Group Inc)

Defaults in Other Agreements or Indebtedness. A default or event of default shall occur at any time under the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower any Loan Party or any Consolidated Subsidiary of the Borrower any Loan Party may be obligated as a borrower or guarantor in excess of $10,000,000 in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary), and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause such Indebtedness to be repurchased, prepaid, defeased, or redeemed prior to its stated maturity date;

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

Defaults in Other Agreements or Indebtedness. (a) A default or event of default shall occur and be declared at any time under the Subordinated Debt Documents or a default or event of default shall occur at any time under the terms of any other agreement involving borrowed money or the extension of credit or any other Indebtedness under which the Borrower or any Subsidiary of the Borrower may be obligated as a borrower or guarantor in excess of $10,000,000 50,000 in the aggregate (other than Non-Recourse Indebtedness or the Indebtedness of any Project Mining Subsidiary)aggregate, and such breach, default or event of default consists of the failure to pay (beyond any period of grace permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity, by acceleration or otherwise) or if such breach or default permits or causes the acceleration of any Indebtedness (whether or not such right shall have been waived) or the termination of any commitment to lend or cause such Indebtedness to be repurchased, prepaid, defeasedlend, or redeemed prior to its stated maturity date(b) a default or event of default shall occur at any time under the SAI Servicer Agreement;

Appears in 1 contract

Samples: Credit Agreement (CastleRock Security Holdings, Inc.)

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