Common use of Indebtedness Cross-Default; Derivatives Contracts Clause in Contracts

Indebtedness Cross-Default; Derivatives Contracts. (i) Any Borrower, any other Loan Party or any other Subsidiary 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, Reimbursement Obligations and Nonrecourse Indebtedness) having an aggregate outstanding principal amount at the time of default, in each case individually or in the aggregate with all other Indebtedness as to which such a failure exists, of $10,000,000.00 or more (all such Indebtedness being referred to as “Material Indebtedness”);

Appears in 2 contracts

Samples: Credit Agreement (Lexington Realty Trust), Credit Agreement (Lexington Realty Trust)

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Indebtedness Cross-Default; Derivatives Contracts. (i) Any Borrower, any other Loan Party or any other Subsidiary 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, Loans and Reimbursement Obligations and Nonrecourse IndebtednessObligations) having an aggregate outstanding principal amount at the time of default, in each case individually or in the aggregate with all other Indebtedness as to which such a failure exists, default of $10,000,000.00 or more in the case of Indebtedness that is not Nonrecourse Indebtedness, or $25,000,000.00 or more in the case of Nonrecourse Indebtedness (all such Indebtedness being referred to as “Material Indebtedness”);; or

Appears in 1 contract

Samples: Credit Agreement (Lexington Realty Trust)

Indebtedness Cross-Default; Derivatives Contracts. (i) Any Borrower, any other Loan Party or any other Subsidiary 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, Loans and Reimbursement Obligations and Nonrecourse IndebtednessObligations) having an aggregate outstanding principal amount at the time of default, in each case individually or in the aggregate with all other Indebtedness as to which such a failure exists, default of $10,000,000.00 or more in the case of Indebtedness that is not Nonrecourse Indebtedness, (all such Indebtedness being referred to as “Material Indebtedness”);; or

Appears in 1 contract

Samples: Credit Agreement (Lexington Realty Trust)

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Indebtedness Cross-Default; Derivatives Contracts. (i) Any Borrower, any other Loan Party or any other Subsidiary 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, Reimbursement Obligations and Nonrecourse Indebtedness) having an aggregate outstanding principal amount at the time of default, in each case individually or in the aggregate with all other Indebtedness as to which such a failure exists, of $10,000,000.00 50,000,000.00 or more (all such Indebtedness being referred to as “Material Indebtedness”);

Appears in 1 contract

Samples: Credit Agreement (Lepercq Corporate Income Fund L P)

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