Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which is in excess of $100,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which is in excess of $100,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).
Appears in 2 contracts
Sources: Credit Agreement (Sterile Recoveries Inc), Syndication Amendment and Assignment (Sterile Recoveries Inc)
Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) ------------------ default in the payment of any Debt (other than the NotesObligations) the aggregate which is outstanding in a principal amount of which is in excess of at least $100,000 200,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the NotesObligations) the aggregate which is outstanding in a principal amount of which is in excess of at least $100,000 200,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, cause with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).
Appears in 1 contract
Sources: Credit Agreement (Edutrek Int Inc)
Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the NotesObligations) the having an aggregate outstanding amount of which is in excess principal balance of $100,000 250,000 or more beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the NotesObligations) the having an aggregate outstanding amount of which is in excess principal balance of $100,000 250,000 or more or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, cause with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).
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Debt Cross-Default. The Borrower Borrowers or any of its their Subsidiaries shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 10,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 10,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).
Appears in 1 contract
Sources: Bridge Credit Agreement (Belk Inc)
Debt Cross-Default. The Borrower or any of its Subsidiaries shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).
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Debt Cross-Default. The Any Borrower or any of its Subsidiaries Subsidiary thereof shall (i) default in the payment of any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 beyond the period of grace if any, provided in the instrument or agreement under which such Debt was created created, or (ii) default in the observance or performance of any other agreement or condition relating to any Debt (other than the Notes) the aggregate outstanding amount of which Debt is in excess of $100,000 1,000,000 or contained in any instrument or agreement evidencing, securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, any such Debt to become due prior to its stated maturity (any applicable grace period having expired).
Appears in 1 contract
Sources: Credit Agreement (Cornerstone Realty Income Trust Inc)