Common use of Other Cross-Defaults Clause in Contracts

Other Cross-Defaults. Any Credit Party shall default in the payment when due, or in the performance or observance, of any obligation or condition of any Material Contract and all applicable grace, notice or other cure periods shall have expired unless, but only as long as, the existence of any such default is being contested by such Credit Party or any such Subsidiary in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the Borrower or such Credit Party to the extent required by GAAP.

Other Cross-Defaults. Any Credit Party shall default in the payment when due, or in the performance or observance, of any obligation or condition of any Material Contract and all which default is not cured within any applicable gracecure period, notice or other cure periods shall have expired unless, but only as long as, the existence of any such default is being contested by such Credit Party or any such Subsidiary in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the Borrower or such Credit Party to the extent required by GAAP.

Other Cross-Defaults. Any Credit Party shall default in the payment when due, due or in the performance or observance, observance of any obligation or condition of any Material Contract and all applicable grace, such failure to pay or perform or observe such other obligation or condition continues unremedied for a period of thirty (30) days after notice or other cure periods shall have expired of the occurrence of such default unless, but only as long as, the existence of any such default is being contested by the Borrower or such Credit Party or any such Subsidiary in good faith by appropriate proceedings and adequate reserves in respect thereof have been established on the books of the Borrower or such Credit Party to the extent required by GAAP.