Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 4 contracts
Samples: Credit Agreement (Owens & Minor Inc/Va/), Credit Agreement (Owens & Minor Inc/Va/), Credit Agreement (Owens & Minor Inc/Va/)
Defaults Under Other Agreements. (i) Any member of the Consolidated Group shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Group, taken as a whole which is reasonably likely to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, cause any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 4 contracts
Samples: Credit Agreement (Amerisource Distribution Corp), Credit Agreement (Amerisource Distribution Corp), Credit Agreement (Amerisource Distribution Corp)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 4 contracts
Samples: Credit Agreement (Navigant International Inc), Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)
Defaults Under Other Agreements. With respect to any Indebtedness ------------------------------- (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 3 contracts
Samples: Credit Agreement (Navigant International Inc), Bridge Credit Agreement (Navigant International Inc), Credit Agreement (Navigant International Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 3 contracts
Samples: Credit Agreement (Owens & Minor Inc/Va/), Credit Agreement (Owens & Minor Inc/Va/), Credit Agreement (Owens & Minor Inc/Va/)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties taken as a whole if such default could reasonably be expected to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate (for the members of the Consolidated Group, Parties taken as a whole), (i) any member of the Consolidated Group shall (A) either (1) a default in any payment shall occur and continue (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating theretothereto and such default is not cured within the applicable grace period, if any, or (3) any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, cause any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 3 contracts
Samples: Credit Agreement (U S Restaurant Properties Inc), Credit Agreement (U S Restaurant Properties Inc), Term Loan Credit Agreement (U S Restaurant Properties Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 3 contracts
Samples: Credit Agreement (PRG Schultz International Inc), Credit Agreement (PRG Schultz International Inc), Syndication Amendment and Assignment (Profit Recovery Group International Inc)
Defaults Under Other Agreements. With respect to any ------------------------------- Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit to permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Ventiv Health Inc), Credit Agreement (Snyder Communications Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this the Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, Xxxx and its Subsidiaries taken as a whole, (i) Xxxx or any member of the Consolidated Group its Subsidiaries shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Hunt Corp), Credit Agreement (Hunt Corp)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 500,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Tractor Supply Co /De/), Credit Agreement (Tractor Supply Co /De/)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties if such default could reasonably be expected to have a Material Adverse Effect.
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 50,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) default (after giving effect to any applicable grace period) in the observance or performance of any term, covenant or agreement relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or.
Appears in 2 contracts
Samples: Credit Agreement (Lincare Holdings Inc), Credit Agreement (Lincare Holdings Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 US$3,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group Material Credit Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Railworks Corp), Term Loan Credit Agreement (Railworks Corp)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Consolidated Parties taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Glenayre Technologies Inc), 364 Day Credit Agreement (Glenayre Technologies Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Tractor Supply Co /De/), Credit Agreement (Tractor Supply Co /De/)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, without duplication, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, cause any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Action Performance Companies Inc), Credit Agreement (Action Performance Companies Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this any Credit AgreementDocument) of the Credit Parties in a principal amount in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole1,000,000, (i) any member of the Consolidated Group a Credit Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default (after giving effect to any applicable grace period) in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Cottontops Inc), Credit Agreement (Anvil Holdings Inc)
Defaults Under Other Agreements. (i) Any member of the Consolidated Group shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Group, taken as a whole; or
(ii) With respect to any Indebtedness Debt (other than Indebtedness Debt outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such IndebtednessDebt, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness Debt or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness Debt (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness Debt to become due prior to its stated maturity; or (iiB) any such Indebtedness Debt shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or.
Appears in 2 contracts
Samples: Credit Agreement (United Dominion Realty Trust Inc), Credit Agreement (United Dominion Realty Trust Inc)
Defaults Under Other Agreements. (i) Any member of the Consolidated Group shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Group, taken as a whole; or
(ii) With respect to any Indebtedness Debt (other than Indebtedness Debt outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such IndebtednessDebt, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness Debt or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness Debt (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness Debt to become due prior to its stated maturity; or (iiB) any such Indebtedness Debt shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
(iii) The occurrence of an Event of Default under the Three Year Credit Agreement; or
Appears in 2 contracts
Samples: 364 Day Credit Agreement (United Dominion Realty Trust Inc), 364 Day Credit Agreement (United Dominion Realty Trust Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Consolidated Parties taken as a whole if such default could reasonably be expected to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group shall either (A1) default in any payment shall occur and continue (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 2 contracts
Samples: Credit Agreement (Healthtronics Surgical Services Inc), Credit Agreement (Healthtronics Surgical Services Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, Borrower and its Subsidiaries taken as a whole, (i) the Borrower or any member of the Consolidated Group its Subsidiaries shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) indebtedness for borrowed money of the Maker in a principal amount in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole100,000,000, (i) any member of the Consolidated Group Maker shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtednessindebtedness, or (B) default (after giving effect to any applicable grace period) in the observance or performance of any covenant or agreement relating to such Indebtedness indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition under (A) or (B) above is to cause, or permit permit, the holder or holders of such Indebtedness indebtedness (or trustee or agent on behalf of such holders) to cause, cause any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepaymentprepayment or mandatory redemption, prior to the stated maturity thereof; oror (iii) any such indebtedness matures and is not paid at maturity.
Appears in 1 contract
Samples: Term Loan Agreement (Dominion Midstream Partners, LP)
Defaults Under Other Agreements. With respect to any Indebtedness in excess of $1,000,000, individually or in the aggregate (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole), (i) any member of the Consolidated Group a Credit Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto (beyond the applicable grace period with respect thereto), or any other event or condition shall occur or 109 condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or;
Appears in 1 contract
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties taken as a whole if such default could reasonably be expected to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (i) any member of the Consolidated Group shall (A) either (1) a default in any payment shall occur and continue (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Aaipharma Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Consolidated Parties; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or.
Appears in 1 contract
Samples: Credit Agreement (Pluma Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated 76 78 maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Unifi Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties taken as a whole if such default, alone or together with other such defaults, could reasonably be expected to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group shall either (A1) default in any payment shall occur and continue (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Ethyl Corp)
Defaults Under Other Agreements. With respect to any ------------------------------- Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. (i) Any Credit Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease which has a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 500,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or.
Appears in 1 contract
Defaults Under Other Agreements. (i) Any member of the Consolidated Group shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Group, taken as a whole; or
(ii) With respect to any Indebtedness Debt (other than Indebtedness Debt outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such IndebtednessDebt, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness Debt or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness Debt (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness Debt to become due prior to its stated maturity; or (iiB) any such Indebtedness Debt shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
(iii) The occurrence of an Event of Default under the 364-Day Credit Agreement; or
Appears in 1 contract
Samples: Credit Agreement (United Dominion Realty Trust Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 50,000,000 in the aggregate for the members of the Consolidated GroupCredit Parties and Subsidiaries, taken as a whole, (i) any member of the Consolidated Group Credit Party or any Subsidiary shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Cree Inc)
Defaults Under Other Agreements. With respect to any Indebtedness, including, without limitation any Indebtedness arising under the Revolving Credit Agreement, in excess of $2,000,000, individually or in the aggregate (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole), (i) any member of the Consolidated Group a Credit Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto (beyond the applicable grace period with respect thereto), or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or;
Appears in 1 contract
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 150,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) the Company or any member of the Consolidated Group Material Subsidiary shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Note Purchase and Private Shelf Agreement (Tractor Supply Co /De/)
Defaults Under Other Agreements. (i) There shall occur a default (beyond the applicable grace period with respect thereto, if any) under the U.S. Wal*Mart License Agreement, which default could reasonably be expected to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 2,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA) any member of the Consolidated Group shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is (after the giving of notice or lapse of time if required) to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, cause any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. (1) The Borrower or any of its Subsidiaries shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Borrower and its Subsidiaries, taken as a whole; or
(2) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) of the Borrower or any of its Subsidiaries in an aggregate amount in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole250,000, (iA)
(1) the Borrower or any member of the Consolidated Group its Subsidiaries shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance of any other obligation relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holders) to causecause (after the giving of notice or lapse of time if required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or;
Appears in 1 contract
Defaults Under Other Agreements. (a) Any Credit Party or Material Subsidiary shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(b) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Note Purchase and Private Shelf Agreement (Tractor Supply Co /De/)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Consolidated Parties; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Benihana Inc)
Defaults Under Other Agreements. (i) Any member of the Consolidated Group shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Group, taken as a whole (including, without limitation, the Sprint Agreement); or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 2,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Access Worldwide Communications Inc)
Defaults Under Other Agreements. With respect to any Indebtedness ------------------------------- (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, taken as a wholeBorrower and its Restricted Subsidiaries, (i) the Borrower or any member of the Consolidated Group its Restricted Subsidiaries shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Tripoint Global Communications Inc)
Defaults Under Other Agreements. (i) Any Credit Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Credit Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,00,000 in the aggregate for the members of the Consolidated Group, Credit Parties taken as a whole, (iA) any member of the Consolidated Group Credit Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Simcala Inc)
Defaults Under Other Agreements. (i) Any member of the Consolidated Group shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease which would have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, in any case the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Pediatric Services of America Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA) (1) any member of the Consolidated Group Credit Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition existexist (other than, with respect to the Subordinated Debt, the occurrence of a Qualifying IPO, provided that the Subordinated Debt is repaid in full within ten (10) days upon receipt by the Borrower of any cash proceeds from such Qualifying IPO), the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Advance America, Cash Advance Centers, Inc.)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of an event of default (and after any applicable grace period) in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, cause any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 2,500,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) of the Borrower or any of its Subsidiaries in an aggregate principal amount in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole10,000,000, (i) any member of the Consolidated Group a Credit Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default (after giving effect to any applicable grace period) in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, cause (determined without regard to whether any notice or lapse of time is required) any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prepayment prior to the stated maturity thereof; oror (iii) any such Indebtedness shall mature and remain unpaid.
Appears in 1 contract
Defaults Under Other Agreements. (i) Any Credit Party or Material Subsidiary shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 500,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, 50 52 or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; , or
Appears in 1 contract
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Consolidated Parties and such default, if unremedied, would have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (including without limitation the ESOP Loan) (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 500,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 2,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
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Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Consolidated Parties; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 250,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
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Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a wholewhole (including, without limitation, the Indebtedness under the NatWest Credit Agreement), (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Profit Recovery Group International Inc)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 250,000 in the aggregate for the members of the Consolidated Group, Group taken as a whole, (iA)
(1) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Avteam Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any obligation or condition of any contract or lease of such Consolidated Party such that the default would have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit AgreementAgreement or the Xxxxxxx Documents) in excess of $25,000,000 7,500,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent Administrative Agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or.
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Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) of the Borrower or any of its Subsidiaries in an aggregate principal amount in excess of $25,000,000 in the aggregate for the members of the Consolidated Group, taken as a whole, 1,000,000 (i) any member of the Consolidated Group a Credit Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) default (after giving effect to any applicable grace period) in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to cause, cause any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prepayment prior to the stated maturity thereof; oror (iii) any such Indebtedness shall mature and remain unpaid.
Appears in 1 contract
Samples: Credit Agreement (Chic by H I S Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties taken as a whole if such default could reasonably be expected to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 3,500,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (i) any member of the Consolidated Group shall (A) either (1) a default in any payment shall occur and continue (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; oror 100
Appears in 1 contract
Samples: Credit Agreement (Aaipharma Inc)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole, other than any defaults under the Working Capital Loan Documents; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit AgreementAgreement or under the Working Capital Loan Documents) in excess of $25,000,000 1,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group Party shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; , or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
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Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 10 million in the aggregate for the members of the Consolidated Group, Group taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit to permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
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Defaults Under Other Agreements. (a) Any Credit PartyThe Company or Material Subsidiary shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease material to the Consolidated Parties, taken as a whole; or
(b) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 25,000,000100,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) the Company or any member of the Consolidated Group PartyMaterial Subsidiary shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Note Purchase and Private Shelf Agreement (Tractor Supply Co /De/)
Defaults Under Other Agreements. (i) Any Consolidated Party shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) or any material obligation or condition of any contract or lease material to the Consolidated Parties taken as a whole if such default could reasonably be expected to have a Material Adverse Effect; or
(ii) With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 5,000,000 in the aggregate for the members of the Consolidated Group, Parties taken as a whole, (iA) any member of the Consolidated Group shall either (A1) default in any payment shall occur and continue (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Potlatch Corp)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 1 million in the aggregate for the members of the Consolidated Group, Group taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit to permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Samples: Credit Agreement (Rockford Corp)
Defaults Under Other Agreements. With respect to any Indebtedness (other than Indebtedness outstanding under this Credit Agreement) in excess of $25,000,000 the Threshold Amount in the aggregate for the members of the Consolidated Group, Group taken as a whole, (i) any member of the Consolidated Group shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit to permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (ii) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
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Defaults Under Other Agreements. (i) The Parent or any of its Subsidiaries shall default in the performance or observance (beyond the applicable grace period with respect thereto, if any) of any material obligation or condition of any contract or lease if the amount owing with respect thereto is in excess of $5,000,000; or
(ii) With respect to any other Indebtedness (other than Indebtedness outstanding under this Credit Agreement) of the Parent or any of its Subsidiaries in an aggregate amount in excess of $25,000,000 in the aggregate for the members of the Consolidated Group5,000,000, taken as a whole, (i) any member of the Consolidated Group shall (A) (1) the Parent or any of its Subsidiaries shall default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Indebtedness, or (B2) the occurrence and continuance of a default in the observance or performance relating to such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition is to cause, or permit permit, the holder or holders of such Indebtedness (or trustee or agent on behalf of such holders) to causecause (determined without regard to whether any notice or lapse of time is required), any such Indebtedness to become due prior to its stated maturity; or (iiB) any such Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
