Indebtedness Cross-Default; Derivatives Contracts. (i) any Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the Loans) having an aggregate outstanding principal amount of $10,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Samples: Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co), Credit Agreement (DiamondRock Hospitality Co)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the LoansLoans and the Reimbursement Obligations) having an aggregate outstanding principal amount of $10,000,000 25,000,000 or more (or $20,000,000 50,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
Appears in 2 contracts
Samples: Credit Agreement (Heritage Property Investment Trust Inc), Credit Agreement (Heritage Property Investment Trust Inc)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Parent, the Borrower, any other Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the LoansLoans and Reimbursement Obligations) having an aggregate outstanding principal amount of $10,000,000 50,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Indebtedness Cross-Default; Derivatives Contracts. (i) any Loan Party shall fail to pay when due and payable, within any applicable grace or of cure period, the principal of, or interest on, any Indebtedness (other than the Loans) having an aggregate outstanding principal amount of $10,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) or more (all such Indebtedness being “Material Indebtedness”); or
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Indebtedness Cross-Default; Derivatives Contracts. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the Loans) having an aggregate outstanding principal amount of $10,000,000 25,000,000 or more (or $20,000,000 50,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Samples: Term Loan Agreement (Heritage Property Investment Trust Inc)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Parent, the Borrower, any other Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the Loans) having an aggregate outstanding principal amount of $10,000,000 50,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Indebtedness Cross-Default; Derivatives Contracts. (i) The Parent, the Borrower or any Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, payable the principal of, or interest on, any Indebtedness (other than the Loans) having an aggregate outstanding principal amount of $10,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Samples: Credit Agreement (Corporate Office Properties Trust)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Parent, the Borrower or any Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, payable the principal of, or interest on, any Indebtedness (other than the Loans) having an aggregate outstanding principal amount of $10,000,000 20,000,000 or more (or $20,000,000 50,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Samples: Credit Agreement (Corporate Office Properties Trust)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Parent, the Borrower, any other Loan Party or any other Subsidiary shall fail to pay when due and payable, within any applicable grace or cure periodperiod (not to exceed 30 days), the principal of, or interest on, any Indebtedness (other than the LoansLoans and Reimbursement Obligations) having an aggregate outstanding principal amount of $10,000,000 or more (or $20,000,000 25,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Samples: Credit Agreement (U-Store-It Trust)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the LoansLoan) having an aggregate outstanding principal amount of $10,000,000 25,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Samples: Credit Agreement (St Joe Co)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the LoansLoans and Reimbursement Obligations) having an aggregate outstanding principal amount of $10,000,000 25,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “"Material Indebtedness”"); or
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Samples: Credit Agreement (St Joe Co)
Indebtedness Cross-Default; Derivatives Contracts. (i) The Parent, the Borrower, any other Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the LoansLoans and Reimbursement Obligations) having an aggregate outstanding principal amount of $10,000,000 75,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all such Indebtedness being “Material Indebtedness”); or
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Indebtedness Cross-Default; Derivatives Contracts. (i) The Borrower, any Subsidiary or any other Loan Party shall fail to pay when due and payable, within any applicable grace or cure period, the principal of, or interest on, any Indebtedness (other than the LoansLoans and Reimbursement Obligations) having an aggregate outstanding principal amount of $10,000,000 or more (or $20,000,000 or more in the case of Nonrecourse Indebtedness) (all any such Indebtedness being “Material Indebtedness”); or
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