Common use of Non-Payment of Other Indebtedness Clause in Contracts

Non-Payment of Other Indebtedness. Default in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any Indebtedness of the Borrower or any of its Subsidiaries (other than Indebtedness in respect of this Agreement) in an aggregate amount at any one time in excess of $5,000,000 or default in the performance or observance of any obligation or condition with respect to any such Indebtedness if the effect of such default in performance or observance 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.

Non-Payment of Other Indebtedness. Default in the payment when due (subject to any applicable grace period)due, whether by acceleration or otherwise, of any Indebtedness of the Borrower or any of its Subsidiaries (other than Indebtedness in respect of the Loans under this Agreement) of the Company or any Significant Subsidiary, or guaranteed by the Company or any Significant Subsidiary, in an aggregate amount at any one time in excess of which exceeds $5,000,000 10,000,000 individually or default in the performance or observance of any obligation or condition with respect to any such other Indebtedness if the effect of such default in performance or observance 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.

Non-Payment of Other Indebtedness. Default in the payment when due (subject to any applicable grace period), whether by acceleration or otherwise, of any other Indebtedness of the of, or guaranteed by, either Borrower or any Subsidiary (except any such Indebtedness of its Subsidiaries (any Subsidiary to the Borrowers or to any other than Indebtedness in respect of this AgreementSubsidiary) in an aggregate amount at any one time in excess of $5,000,000 or default in the performance or observance of any obligation or condition with respect to any such other material Indebtedness if the effect of such default in performance or observance 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.