Common use of Payment Cross-Default Clause in Contracts

Payment Cross-Default. if the Borrower or any of its Material Subsidiaries (or any combination thereof) defaults in the payment when due (whether at maturity, upon acceleration, or otherwise) of Debt or Financial Instrument Obligations thereof in aggregate in excess of the Threshold Amount (or the Equivalent Amount thereof in United States Dollars or the equivalent thereof in any other currency);

Appears in 2 contracts

Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (Trident Resources Corp)

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Payment Cross-Default. if the a Borrower or any of its the Material Subsidiaries (or any combination thereof) defaults in the payment when due (whether at maturity, upon acceleration, or otherwise) of Debt or Financial Instrument Obligations thereof in aggregate in excess of the Threshold Amount (or the Equivalent Amount thereof in United States Dollars or the equivalent thereof in any other currency);

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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Payment Cross-Default. if Xxxxxx, the Borrower or any of its Material Subsidiaries (or any combination thereof) defaults in the payment when due (whether at maturity, upon acceleration, or otherwise) of Debt or Financial Instrument Obligations thereof in aggregate in excess of the Threshold Amount Cdn. $1,000,000 (or the Equivalent Amount thereof in United States Dollars or the equivalent thereof in any other currency);

Appears in 1 contract

Samples: Credit Agreement (Powell Industries Inc)

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