Common use of PAYMENT OR PERFORMANCE OF OTHER OBLIGATIONS Clause in Contracts

PAYMENT OR PERFORMANCE OF OTHER OBLIGATIONS. DGC shall default, beyond any cure period applicable thereto, with respect to the Securities Purchase Agreement or DGC's preferred stock provisions adopted pursuant thereto; or the Borrower, any Guarantor or any Affiliated Insurer defaults, beyond any cure period applicable thereto, with respect to any other agreement if such default or the consequences thereof will or may, in the reasonable judgment of the Required Banks, have a material adverse effect on the business or operations of Borrower (considered separately), or of the Affiliated Insurers (considered as a whole), or of DGC (considered separately), or of DGC and its subsidiaries on a consolidated basis, or of Borrower, Affiliated Insurers and DGC, as a whole; or the Borrower or any Guarantor defaults, beyond any cure period applicable thereto, with respect to any settlement with insurers for policies financed when due, or the payment or performance of any other obligation incurred in connection with any indebtedness for borrowed money, if the effect of such default is to accelerate the maturity of such indebtedness, or if the effect of such default is to cause such indebtedness to become due prior to its stated maturity; or the Borrower, any Guarantor or any Affiliated Insurer shall default in the payment or performance of any other duty, liability or obligation at any time owed to the Banks or any of them.

PAYMENT OR PERFORMANCE OF OTHER OBLIGATIONS. DGC shall default, beyond any cure period applicable thereto, with respect to the Securities Purchase Agreement or DGC's preferred stock provisions adopted pursuant thereto; or the BorrowerDGC, DGFS, any Guarantor Agency Subsidiary or any Affiliated Insurer defaults, beyond any cure period applicable thereto, with respect to any other agreement if such default or the consequences thereof will or may, in the reasonable judgment of the Required Banks, have a material adverse effect on the business or operations of Borrower DGC (considered separately), or of the Affiliated Insurers (considered as a whole), or of DGC (considered separately), or of DGC and its subsidiaries on a consolidated basis, or of BorrowerDGC, DGFS and Affiliated Insurers and DGCInsurers, as a whole; or the Borrower DGC or any Guarantor DGFS defaults, beyond any cure period applicable thereto, with respect to any settlement with insurers for policies financed when due, or the payment or performance of any other obligation incurred in connection with any indebtedness for borrowed money, if the effect of such default is to accelerate the maturity of such indebtedness, or if the effect of such default is to cause such indebtedness to become due prior to its stated maturity; or the BorrowerDGC, DGFS, any Guarantor Agency Subsidiary, or any Affiliated Insurer shall default in the payment or performance of any other duty, liability or obligation at any time owed to the Banks or any of them.

PAYMENT OR PERFORMANCE OF OTHER OBLIGATIONS. DGC shall default, beyond any cure period applicable thereto, with respect to the Securities Purchase Agreement or DGC's preferred stock provisions adopted pursuant thereto; or the BorrowerDGC, DGFS, any Guarantor Agency Subsidiary or any Affiliated Insurer defaults, beyond any cure period applicable thereto, with respect to any other agreement if such default or the consequences thereof will or may, in the reasonable judgment of the Required BanksBank, have a material adverse effect on the business or operations of Borrower DGC (considered separately), or of the Affiliated Insurers (considered as a whole), or of DGC (considered separately), or of DGC and its subsidiaries on a consolidated basis, or of BorrowerDGC, DGFS and Affiliated Insurers and DGCInsurers, as a whole; or the Borrower DGC or any Guarantor DGFS defaults, beyond any cure period applicable thereto, with respect to any settlement with insurers for policies financed when due, or the payment or performance of any other obligation incurred in connection with any indebtedness for borrowed money, if the effect of such default is to accelerate the maturity of such indebtedness, or if the effect of such default is to cause such indebtedness to become due prior to its stated maturity; or the BorrowerDGC, DGFS, any Guarantor Agency Subsidiary, or any Affiliated Insurer shall default in the payment or performance of any other duty, liability or obligation at any time owed to the Banks or any of themBank.