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, Borrower, any other Obligor or any Designated Subsidiary with a principal balance in excess of $5,000,000 (other than any Indebtedness under this Agreement and any Notes), including without limitation the First Mortgage Loans, the Senior Secured Loans and the Term Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer East Inc)

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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 ofhaving a principal amount, individually or in the aggregate, in excess of $1,000,000, of or guaranteed by, Borrower, any other Obligor Obligor, or any Designated Subsidiary with a principal balance in excess of $5,000,000 Borrower's Restricted Subsidiaries (other than (i) any Indebtedness under this Agreement and any NotesNote or (ii) any Indebtedness of any of Borrower's Subsidiaries to Borrower or to any other such Subsidiary), including without limitation the First Mortgage Loans, the Senior Secured Loans and the Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Robertson Ceco Corp)

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 a principal amount equal to or greater than $250,000 of, or guaranteed by, Borrower, any other Obligor the Borrower or any Designated Subsidiary with a principal balance in excess of $5,000,000 (other than (i) any Indebtedness under this Agreement of any Subsidiary to the Borrower or to any other Subsidiary and any Notes(ii) the Indebtedness evidenced by the Note), including without limitation the First Mortgage Loans, the Senior Secured Loans and the Term Loans.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Universal Electronics Inc)

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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 an aggregate principal amount of $100,000 or more of, or guaranteed by, Borrower, any other Obligor the Company or any Designated Subsidiary with a principal balance in excess of $5,000,000 (other than (i) any Indebtedness under this Agreement of any Subsidiary to the Company or to any other Subsidiary, (ii) Non-Recourse Debt and any (iii) the Indebtedness evidenced by the Notes), including without limitation the First Mortgage Loans, the Senior Secured Loans and the Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Trans Leasing International Inc)

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