Non-Payment of Other Indebtedness for Borrowed Money. Default ---------------------------------------------------- in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Debt of, or guaranteed by, the Company or any Subsidiary in excess in the aggregate of $2,000,000; or default in the performance or observance of any obligation or condition with respect to any such other indebtedness in excess in the aggregate of $2,000,000 if the effect of such default is to accelerate the maturity of any such indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such indebtedness to become due and payable prior to its expressed maturity.
Appears in 2 contracts
Samples: Multicurrency Credit Agreement (Applied Power Inc), Credit Agreement (Applied Power Inc)
Non-Payment of Other Indebtedness for Borrowed Money. Default ---------------------------------------------------- in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Debt of, or guaranteed by, the Company or any Subsidiary in excess in the aggregate of $2,000,000; or default in the performance or observance of any obligation or condition with respect to any such other indebtedness in excess in the aggregate of $2,000,000 if the effect of such default is to accelerate the maturity of any such indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such indebtedness to become due and payable prior to its expressed maturity.
Appears in 2 contracts
Samples: Multicurrency Credit Agreement (Applied Power Inc), Multicurrency Credit Agreement (Applied Power Inc)
Non-Payment of Other Indebtedness for Borrowed Money. Default ---------------------------------------------------- in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Debt indebtedness for borrowed money of, or guaranteed by, the Company or any Subsidiary in excess of $250,000 in the aggregate of $2,000,000; or default in the performance or observance of any obligation or condition with respect to any such other indebtedness in excess in the aggregate of $2,000,000 if the effect of such default is to accelerate the maturity of any such indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such indebtedness to become due and payable prior to its expressed maturity.
Appears in 1 contract
Non-Payment of Other Indebtedness for Borrowed Money. Default in ---------------------------------------------------- in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Debt of, or guaranteed by, the Company Parent or any Subsidiary of its Subsidiaries in excess in the aggregate of $2,000,000; or default in the performance or observance of any obligation or condition with respect to any such other indebtedness in excess in the aggregate of $2,000,000 if the effect of such default is to accelerate the maturity of any such indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such indebtedness to become due and payable prior to its expressed maturity.
Appears in 1 contract
Samples: Credit Agreement (Apw LTD)
Non-Payment of Other Indebtedness for Borrowed Money. Default ---------------------------------------------------- in the payment when due (subject to any and applicable grace period), whether by acceleration acceleration-or otherwise, of any other Debt indebtedness for borrowed money of, or guaranteed by, the Company or any Subsidiary in excess of $250,000 in the aggregate of $2,000,000; or default in the performance or observance of any obligation or condition with respect to any such other indebtedness in excess in the aggregate of $2,000,000 if the effect of such default is to accelerate the maturity of any such indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such indebtedness to become due and payable prior to its expressed maturity.
Appears in 1 contract
Non-Payment of Other Indebtedness for Borrowed Money. Default ---------------------------------------------------- in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Debt of, or guaranteed by, the Company Borrower or any Subsidiary of its Subsidiaries in excess in the aggregate of $2,000,000; or default in the performance or observance of any obligation or condition with respect to any such other indebtedness in excess in the aggregate of $2,000,000 if the effect of such default is to accelerate the maturity of any such indebtedness or to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such indebtedness to become due and payable prior to its expressed maturity.
Appears in 1 contract
Samples: Term Loan Agreement (Apw LTD)