Common use of Defaults Under Other Agreements Clause in Contracts

Defaults Under Other Agreements. With respect to any Funded Debt (other than Funded Debt outstanding under this Credit Agreement) in excess of $2,500,000 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 Funded Debt, or (B) the occurrence and continuance of a default in the observance or performance relating to such Funded 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 to permit, the holder or holders of such Funded Debt (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt to become due prior to its stated maturity; or (ii) any such Funded 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 (Take Two Interactive Software Inc), Credit Agreement (Take Two Interactive Software Inc)

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Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) of a Credit Party or any of their Subsidiaries in an aggregate principal amount in excess of $2,500,000 in the aggregate for the members of the Consolidated Group taken as a whole1,000,000, (i) any member a Credit Party or one 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 2 contracts

Samples: Credit Agreement (Medical Staffing Network Holdings Inc), Credit Agreement (Medical Staffing Network Holdings Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in excess of $2,500,000 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 Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance of any term, covenant or agreement relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Apria Healthcare Group Inc), Credit Agreement (Apria Healthcare Group Inc)

Defaults Under Other Agreements. With respect to any Funded Debt ------------------------------- Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in excess of $2,500,000 5,000,000 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) of the Borrower or any of its Subsidiaries in an aggregate principal amount in excess of $2,500,000 in 500,000, including, without limitation, the aggregate for the members of the Consolidated Group taken as a whole, Subordinated Debt (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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 2 contracts

Samples: Credit Agreement (Sports & Recreation Inc), Credit Agreement (Jumbosports Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) of a Credit Party or any of its Subsidiaries in a principal amount in excess of $2,500,000 5,000,000 individually, or in the aggregate for aggregate, including, without limitation, the members of the Consolidated Group taken as a whole, Subordinated Debt (i) a Credit Party 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Ivex Packaging Corp /De/)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in excess of $2,500,000 10,000,000 in the aggregate for the members of the Consolidated Group Parties taken as a whole, (i) any member of the Consolidated Group Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance of any term, covenant or agreement relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Apria Healthcare Group Inc)

Defaults Under Other Agreements. With respect to any Funded Debt indebtedness of the Borrower in excess of $100,000,000 (other than Funded Debt indebtedness outstanding under this Credit AgreementAgreement or Non-Recourse Indebtedness) in excess of $2,500,000 in the aggregate for the members of the Consolidated Group taken as a whole, Borrower (iA) any member of the Consolidated Group Borrower shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Funded Debtindebtedness, or (B2) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance of any covenant or agreement relating to such Funded Debt 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 to permit, the holder or of the holders of such Funded Debt indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt indebtedness to become due prior to its stated maturity; or (iiB) any such Funded Debt indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, or by a mandatory prepayment upon specified events or conditions, in each case, prior to the stated maturity thereof; oror (C) any such indebtedness shall mature and remain unpaid.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atmos Energy Corp)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) of the Borrower or any of its Subsidiaries in a principal amount in excess of $2,500,000 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance of any term, covenant or agreement relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Chattem Canada Holdings Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in excess of $2,500,000 15,000,000 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Accredo Health Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in which the aggregate outstanding amount of such Indebtedness is in excess of $2,500,000 in the aggregate for the members of the Consolidated Group taken as a whole5,000,000, (iA) the Parent or any member of the Consolidated Group its Subsidiaries shall (A1) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Funded DebtIndebtedness, or (B2) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance relating to such Funded Debt Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, 77 the effect of which default or other event or condition is to cause, or to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (iiB) any such Funded Debt 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 (Central Parking Corp)

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Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in excess of $2,500,000 the Threshold Amount 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Millipore Corp /Ma)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness ------------------------------- (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in excess of $2,500,000 5 million 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Ameripath Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit AgreementAgreement and other than matters which are listed on Schedule 6.5 or Schedule 6.6) of one or more of the Consolidated Parties in an aggregate principal amount in excess of $2,500,000 in the aggregate for the members of the Consolidated Group taken as a whole, 1,000,000 (i) any member of the a Consolidated Group Party shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to any such Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, payable prior to the stated maturity thereof; or.

Appears in 1 contract

Samples: Credit Agreement (Moll Industries Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness ------------------------------- (other than Funded Debt Indebtedness outstanding under this Credit Agreement) of one or more of the Credit Parties in an aggregate principal amount in excess of $2,500,000 in 250,000, including, without limitation, the aggregate for the members of the Consolidated Group taken as a whole, Subordinated Debt (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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt Indebtedness shall be declared due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, payable prior to the stated maturity thereof; or.

Appears in 1 contract

Samples: Credit Agreement (Gorges Quik to Fix Foods Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) of the Borrower or any of its Subsidiaries in a principal amount in excess of $2,500,000 in the aggregate for the members of the Consolidated Group taken as a whole5,000,000, (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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default (after giving effect to any applicable grace period) in the observance or performance of any term, covenant or agreement relating to such Funded Debt 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 to permit, the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), ) any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Chattem Inc)

Defaults Under Other Agreements. With respect to any Funded Debt Indebtedness (other than Funded Debt Indebtedness outstanding under this Credit Agreement) in excess of $2,500,000 5,000,000 in the aggregate for the members all of the Consolidated Group Credit Parties and the 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 Funded DebtIndebtedness, or (B) the occurrence and continuance of a default in the observance or performance of any covenant or agreement relating to such Funded Debt 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 to permit, permit the holder or holders of such Funded Debt Indebtedness (or trustee or agent on behalf of such holders) to cause (determined without regard to whether any notice or lapse of time is required), any such Funded Debt Indebtedness to become due prior to its stated maturity; or (ii) any such Funded Debt 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 (Speedway Motorsports Inc)

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