Common use of Other Material Obligations Clause in Contracts

Other Material Obligations. Except for obligations covered under other provisions of this Article X, default in the payment when due, or in the performance or observance of, any material obligation of, or material condition agreed to by, the Borrower or any of its Subsidiaries with respect to any material purchase or Lease Obligation (except only to the extent that the existence of any such default is being contested by the Borrower in good faith and by appropriate proceedings and the Borrower has established, and is maintaining, adequate reserves therefor in accordance with GAAP) which default continues for a period of 30 days.

Appears in 2 contracts

Samples: Credit Agreement (Horace Mann Educators Corp /De/), Credit Agreement (Horace Mann Educators Corp /De/)

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Other Material Obligations. Except for obligations covered under other provisions of this Article XVIII, default in the payment when due, or in the performance or observance of, any material obligation of, or material condition agreed to by, the Borrower or any of its Subsidiaries with respect to any material purchase or Lease Obligation (except only to the extent that the existence of any such default is being contested by the Borrower in good faith and by appropriate proceedings and the Borrower has established, and is maintaining, adequate reserves therefor in accordance with GAAP) which default continues for a period of 30 days.

Appears in 2 contracts

Samples: Credit Agreement (Horace Mann Educators Corp /De/), Credit Agreement (Horace Mann Educators Corp /De/)

Other Material Obligations. Except for obligations covered under other provisions of this Article XVII, default in the payment when due, or in the performance or observance of, any material obligation of, or material condition agreed to by, the Borrower or any of its Subsidiaries with respect to any material purchase or Lease Obligation lease obligation of $5,000,000 or more (except only to the extent that unless the existence of any such default is being contested by the Borrower in good faith and by appropriate proceedings and the Borrower has established, and is maintaining, adequate reserves therefor in accordance with GAAP) which default continues for a period of 30 days.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

Other Material Obligations. Except for obligations covered under other provisions of this Article XVIII, default in the payment when due, or in the performance or observance of, any material obligation of, or material condition agreed to by, the Borrower or any of its Material Subsidiaries with respect to any material purchase or Lease Obligation lease obligation of $50,000,000 or more (except only to the extent that unless the existence of any such default is being contested by the Borrower or such Material Subsidiary in good faith and by appropriate proceedings and the Borrower or such Material Subsidiary has established, and is maintaining, adequate reserves therefor in accordance with GAAP) which default continues for a period of 30 days.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

Other Material Obligations. Except for obligations covered -------------------------- under other provisions of this Article XVII, default in the payment when due, or ----------- in the performance or observance of, any material obligation of, or material condition agreed to by, the Borrower or any of its Subsidiaries with respect to any material purchase or Lease Obligation lease obligation (except only to the extent that unless the existence of any such default is being contested by the Borrower in good faith and by appropriate proceedings and the Borrower has established, and is maintaining, adequate reserves therefor in accordance with GAAP) which default continues for a period of 30 days.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

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Other Material Obligations. Except for obligations -------------------------- covered under other provisions of this Article XVII, default in the ------------ payment when due, or in the performance or observance of, any material obligation of, or material condition agreed to by, the Borrower or any of its Subsidiaries the Guarantor with respect to any material purchase or Lease Obligation lease obligation of $10,000,000 or more (except only to the extent that unless the existence of any such default is being contested by the Borrower or the Guarantor, as the case may be, in good faith and by appropriate proceedings and the Borrower has established, and is maintaining, adequate reserves therefor in accordance with GAAP) which default continues for a period of 30 days.

Appears in 1 contract

Samples: Letter of Credit Reimbursement Agreement (Max Re Capital LTD)

Other Material Obligations. Except for obligations covered under -------------------------- other provisions of this Article XVIII, default in the payment when due, or in ------------ the performance or observance of, any material obligation of, or material condition agreed to by, the Borrower or any of its Material Subsidiaries with respect to any material purchase or Lease Obligation lease obligation of $5,000,000 or more (except only to the extent that unless the existence of any such default is being contested by the Borrower in good faith and by appropriate proceedings and the Borrower has established, and is maintaining, adequate reserves therefor in accordance with GAAP) which default continues for a period of 30 days.

Appears in 1 contract

Samples: Credit Agreement (Renaissancere Holdings LTD)

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