Failure to Pay Other Debt. The Borrower or any Subsidiary fails to pay principal or interest aggregating more than $2,000,000.00 on any other Debt when due and any related grace period has expired, or the holder of any of such other Debt declares such Debt due prior to its stated maturity because of the Borrower's or any Subsidiary's default thereunder and the expiration of any related grace period; or
Appears in 3 contracts
Samples: Revolving Credit Agreement (Southern Union Co), Credit Agreement (Southern Union Co), Term Loan Credit Agreement (Southern Union Co)
Failure to Pay Other Debt. The Borrower or any Subsidiary fails to pay principal or interest on any other Debt aggregating more than $2,000,000.00 on any other Debt 3,000,000.00 when due and any related grace period has expired, or the holder of any of such other Debt declares such Debt due prior to its stated maturity because of the Borrower's or any Subsidiary's default thereunder and the expiration of any related grace period; or.
Appears in 1 contract
Failure to Pay Other Debt. The Borrower or any Subsidiary fails to pay principal or interest aggregating more than $2,000,000.00 3,000,000.00 on any other Debt when due and any related grace period has expired, or the holder of any of such other Debt declares such Debt due prior to its stated maturity because of the Borrower's or any Subsidiary's default thereunder and the expiration of any related grace period; or
Appears in 1 contract
Samples: Credit Agreement (Southern Union Co)
