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

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, such Fund or Portfolio, as the case may be, in excess of 5% of such Fund's or Portfolio's, as the case may be, then respective total Net Asset Value.