Non-Payment of Other Indebtedness. Default in the payment when due, whether by acceleration or otherwise (subject to any applicable grace period), of any Indebtedness in excess of $5,000,000 (including the Morgxx Credit Agreement) of the Borrower (other than the Indebtedness evidenced by the Note).
Appears in 2 contracts
Samples: Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust), Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust)
Non-Payment of Other Indebtedness. Default in the payment when due, whether by acceleration or otherwise (subject to any applicable grace period), of any Indebtedness of, or guaranteed by, either Borrower, any other Obligor or any Designated Subsidiary with a principal balance in excess of the U.S. Dollar Equivalent of $5,000,000 (including the Morgxx Credit Agreement) of the Borrower (other than any Indebtedness under this Agreement and any Notes), including without limitation the Indebtedness evidenced by Senior Secured Loans and the Note)Term Loans.
Appears in 1 contract
Samples: Loan and Security Agreement (Pioneer Companies Inc)
Non-Payment of Other Indebtedness. Default in the payment when due, whether by acceleration or otherwise (subject to any applicable grace period), of any Indebtedness in excess of $5,000,000 (including of, or guaranteed by, the Morgxx Credit Agreement) of the Borrower Company or any Subsidiary (other than the Indebtedness evidenced by the Note)Notes) in excess of $1,000,000 in the aggregate for the Company and its Subsidiaries.
Appears in 1 contract
Non-Payment of Other Indebtedness. Default in the payment when due, whether by acceleration or otherwise (subject to any applicable grace period), of any aggregate Indebtedness in excess of $5,000,000 (including the Morgxx Credit Agreement) of the 50,000 of, or guaranteed by, Borrower (other than the any Indebtedness evidenced by the Noteunder this Agreement and any Notes).. -44- 49
Appears in 1 contract
