Common use of Failure to Pay Other Debt Clause in Contracts

Failure to Pay Other Debt. (i) The Company or any Restricted Subsidiary does not pay when due any other Debt of the Company or any Restricted Subsidiary, the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,000 in respect of which any applicable grace period has expired; (ii) the Company or any Restricted Subsidiary shall otherwise default under any other Debt of the Company or any Restricted Subsidiary, the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,000, in respect of which any applicable notice has been given and such Debt has been declared due prior to any maturity thereof, provided that, during the continuance of any applicable grace period with respect thereto, such event shall constitute a Default (but not an Event of Default) hereunder; or (iii) an Event of Default shall occur and be continuing under the Facility A Agreement; or

Appears in 1 contract

Samples: Credit Agreement (Cox Communications Inc /De/)

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Failure to Pay Other Debt. (ia) The Company or any Restricted Subsidiary does not pay when due any other Debt of the Company or any Restricted Subsidiary, the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,000 25,000,000, in respect of which any applicable grace period has expired; or (iib) the Company or any Restricted Subsidiary shall otherwise default under any other Debt of the Company or any Restricted SubsidiarySubsidiary (or any other event shall have occurred that would cause, or give the holders thereof the right to cause, such Debt to become due prior to the maturity thereof), the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,000, in respect of which any applicable notice has been given and such Debt has been declared or become due prior to any maturity thereof, ; provided that, that during the continuance of any applicable grace period with respect thereto, such event shall constitute a Default (but not an Event of Default) hereunder; or (iii) an Event of Default shall occur and be continuing under the Facility A Agreement; or

Appears in 1 contract

Samples: Credit Agreement (Cox Radio Inc)

Failure to Pay Other Debt. (i) The Company or any Restricted Subsidiary does not pay when due any other Debt of the Company or any Restricted Subsidiary, the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,000 in respect of which any applicable grace period has expired; (ii) the Company or any Restricted Subsidiary shall otherwise default under any other Debt of the Company or any Restricted Subsidiary, the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,000, in respect of which any applicable notice has been given and such Debt has been declared due prior to any maturity thereof, provided that, during the continuance of any applicable grace period with respect thereto, such event shall constitute a Default (but not an Event of Default) hereunder; or (iii) an Event of Default shall occur and be continuing under the Facility A B Agreement; or

Appears in 1 contract

Samples: 364 Day Credit Agreement (Cox Communications Inc /De/)

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Failure to Pay Other Debt. (ia) The Company or any Restricted Subsidiary does not pay when due any other Debt of the Company or any Restricted Subsidiary, the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,000 10,000,000, in respect of which any applicable grace period has expired; or (iib) the Company or any Restricted Subsidiary shall otherwise default under any other Debt of the Company or any Restricted SubsidiarySubsidiary (or any other event shall have occurred that would cause, or give the holders thereto the right to cause, such Debt to become due prior to the maturity thereof), the outstanding amount of which exceeds, singularly or in the aggregate, $25,000,00010,000,000, in respect of which any applicable notice has been given and either (i) such Debt has been declared or become due prior to any maturity thereof, thereof or (ii) any Restricted Subsidiary is not a Guarantor; provided that, that during the continuance of any applicable grace period with respect thereto, such event shall constitute a Default (but not an Event of Default) hereunder; or (iii) an Event of Default shall occur and be continuing under the Facility A Agreement; or

Appears in 1 contract

Samples: Credit Agreement (Cox Radio Inc)

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