Default Under Other Agreements. (i) Any Loan Party shall default in the payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan Documents) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, (ii) a default shall occur in the performance or observance of any Permitted Debt Document, any agreement or condition to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof; or
Appears in 5 contracts
Sources: Credit Agreement (Greif, Inc), Credit Agreement (Greif, Inc), Credit Agreement (Greif Inc)
Default Under Other Agreements. (i) Any Loan Party The Company or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsNotes) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Notes) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iiiii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Company or any of its Subsidiaries shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled or other mandatory required payment prepayment or prepaymentby reason of optional prepayment or tender by the issuer at its discretion, prior to the stated maturity thereof; provided that it shall not constitute an Event of Default pursuant to this clause (d) unless the aggregate amount of all Indebtedness referred to in clauses (i) and (ii) above exceeds $85,000,000 at any one time; or
Appears in 3 contracts
Sources: Syndicated Facility Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De)
Default Under Other Agreements. (a) Borrower or any Subsidiary shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity or otherwise, of with respect to any Indebtedness (other than Indebtedness owed the Obligations and any non-recourse indebtedness permitted to the Lenders under the Loan Documentsbe incurred hereunder) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument applicable thereto or agreement under which such Indebtedness was created, (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required)cause, any such Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Indebtedness referred of Borrower (other than the Obligations and any non-recourse indebtedness permitted to in clause (ibe incurred hereunder) of this Section 8.01(g) of the Loan Parties shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof; provided, however, that it shall not constitute an Event of Default pursuant to this Section 9.04 unless any such event referred to in clause (a) or (b) occurs with respect to one or more issues of Indebtedness aggregating at least $25.0 million or more; or
Appears in 2 contracts
Sources: Credit Agreement (Global Marine Inc), Credit Agreement (Global Marine Inc)
Default Under Other Agreements. (i) Any Loan Credit Party shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness which is Recourse to any Credit Party (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Obligations) or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition shall exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become (or to be declared) due or be repaid prior to its stated maturity, provided that it shall not be a Default or (iii) any such Indebtedness referred to in clause (i) an Event of Default under this Section 8.01(g10.04 unless the aggregate principal amount of all Indebtedness outstanding at such time as described in preceding clauses (x) of the Loan Parties shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof(y) is at least $50,000,000; or
Appears in 2 contracts
Sources: Credit Agreement (Trizec Properties Inc), Credit Agreement (Trizec Properties Inc)
Default Under Other Agreements. (i) Any Loan Party Company shall (A) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiB) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Obligations) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iiiii) any such Indebtedness referred to in clause (iother than the Obligations) of this Section 8.01(g) of the Loan Parties any Company shall be declared to be (or shall become) due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof, provided that it shall not be a Default or an Event of Default under this Section 11.1(d) unless the aggregate principal amount of all Indebtedness as described in either of the preceding clauses (i) or (ii) is at least $5,000,000; or
Appears in 2 contracts
Sources: Credit Agreement (Infousa Inc), Credit Agreement (Infousa Inc)
Default Under Other Agreements. (a) Either Loan Party or any Subsidiary of the Borrower shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity of all or otherwise, any portion of any Material Indebtedness (other than Indebtedness owed to when and as the Lenders under the Loan Documents) in excess of the Threshold Amount in the aggregate same shall become due and payable beyond the applicable and documented period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, or (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Documentother agreement, covenant or condition contained in any agreement or condition instrument evidencing or governing any Material Indebtedness (after giving effect to any such Indebtedness referred to in clause (i) of this Section 8.01(g) applicable and documented grace period), or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect result of which default or other event or condition condition, in each case, is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Material Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Material Indebtedness referred to of either Loan Party or any Subsidiary of the Borrower shall, for reason of any of the foregoing set out in clause (ia) of this Section 8.01(g) of the Loan Parties shall 9.4, be declared to be due and payable, or required to be prepaid or redeemed other than by a regularly scheduled required payment prepayment or prepaymentredemption, prior to the stated maturity thereofthereof (after giving effect to any applicable and documented grace period); or
Appears in 2 contracts
Sources: Loan Agreement, Senior Secured Loan Agreement (PCT LLC)
Default Under Other Agreements. (ia) Any Loan Party or any of its Restricted Subsidiaries shall (i) default in the any payment when due, whether at stated maturity of all or otherwise, any portion of any Material Indebtedness (other than Indebtedness owed to when and as the Lenders under the Loan Documents) in excess of the Threshold Amount in the aggregate same shall become due and payable beyond the applicable and documented period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, or (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Documentother agreement, covenant or condition contained in any agreement or condition instrument evidencing or governing any Material Indebtedness (after giving effect to any such Indebtedness referred to in clause (i) of this Section 8.01(g) applicable and documented grace period), or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect result of which default or other event or condition condition, in each case, is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Material Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Material Indebtedness referred to of any Loan Party or any of its Restricted Subsidiaries shall, for reason of any of the foregoing set out in clause (ia) of this Section 8.01(g) of the Loan Parties shall 9.4, be declared to be due and payable, or required to be prepaid or redeemed other than by a regularly scheduled required payment prepayment or prepaymentredemption, prior to the stated maturity thereofthereof (after giving effect to any applicable and documented grace period); or
Appears in 2 contracts
Sources: Loan Agreement (Vista Oil & Gas, S.A.B. De C.V.), Loan Agreement (Vista Oil & Gas, S.A.B. De C.V.)
Default Under Other Agreements. (i) Any Loan Party The Company or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsNotes) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Notes) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, maturity or (iiiii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Company or any of its Subsidiaries shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled or other mandatory required payment prepayment or prepaymentby reason of optional prepayment or tender by the issuer at its discretion, prior to the stated maturity thereof; provided that it shall not constitute an Event of Default pursuant to this Section 9.04 unless the aggregate amount of all Indebtedness referred to in clauses (i) and (ii) above exceeds $20,000,000 at any one time; or
Appears in 2 contracts
Sources: Global Revolving Credit Agreement (Sealed Air Corp/De), Global Revolving Credit Agreement (Sealed Air Corp/De)
Default Under Other Agreements. (i) Any Loan Party The Company or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsNotes) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Notes) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, maturity or (iiiii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Company or any of its Subsidiaries shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled or other mandatory required payment prepayment or prepaymentby reason of optional prepayment or tender by the issuer at its discretion, prior to the stated maturity thereof; provided that it shall not constitute an Event of Default pursuant to this clause (d) unless the aggregate amount of all Indebtedness referred to in clauses (i) and (ii) above exceeds $30,000,000 at any one time; or
Appears in 2 contracts
Sources: Credit Agreement (Sealed Air Corp/De), Credit Agreement (Sealed Air Corp/De)
Default Under Other Agreements. (a) The Borrower or any of its Subsidiaries shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity or otherwise, of with respect to any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument applicable thereto or agreement under which such Indebtedness was created, (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required)cause, any such Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Borrower or any of its Subsidiaries shall be declared to be due and payable, payable (or shall be required to be prepaid other than by as a regularly scheduled required payment result of a default thereunder or prepayment, of an event of the type that constitutes an Event of Default) prior to the stated maturity thereof, provided that it shall not constitute an Event of Default pursuant to this Section 8.04 unless the aggregate principal amount of all Indebtedness referred to in clauses (a) and (b) above (without duplication) exceeds $7,500,000 in the aggregate at any one time; or
Appears in 2 contracts
Sources: Credit Agreement (Fairpoint Communications Inc), Credit Agreement (Fairpoint Communications Inc)
Default Under Other Agreements. (a) Any Borrower or any of its Subsidiaries shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity or otherwise, of with respect to any Indebtedness (other than the Obligations and Indebtedness owed created or incurred prior to the Lenders under the Loan DocumentsPetition Date) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument applicable thereto or agreement under which such Indebtedness was created, (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required)cause, any such Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Indebtedness referred to in clause (i) of this Section 8.01(g) a Borrower or any of the Loan Parties its Subsidiaries shall be declared to be due and payable, payable (or shall be required to be prepaid other than by as a regularly scheduled required payment result of a default thereunder or prepayment, of an event of the type that constitutes an Event of Default) prior to the stated maturity thereof; provided that it shall not constitute an Event of Default pursuant to this Section 8.04 unless the aggregate principal amount of all Indebtedness referred to in clauses (a) and (b) above (without duplication) exceeds $10,000,000 in the aggregate at any one time; or
Appears in 1 contract
Default Under Other Agreements. (i) Any Loan Party shall default in the payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan Documents) in excess of the Threshold Amount $35,000,000 in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, (ii) a default shall occur in the performance or observance of any Permitted Debt Document, any agreement or condition to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Sources: Credit Agreement (Greif Inc)
Default Under Other Agreements. (i) Any Loan Credit Party or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the an instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Obligations) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iiiii) any such Indebtedness referred to in clause (iother than the Obligations) of this Section 8.01(g) any Credit Party or any of the Loan Parties its Subsidiaries shall be declared to be (or shall become) due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof, provided that it shall not be a Default or an Event of Default under this Section 10.04 unless the aggregate principal amount of all Indebtedness as described in preceding clauses (i) and (ii) is at least $7,500,000; or
Appears in 1 contract
Default Under Other Agreements. (i) Any Loan Credit Party or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the an instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Obligations) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iiiii) any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Obligations) of the Loan Parties Credit Party or any of its Subsidiaries shall be declared to be (or shall become) due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof, provided that it shall not be a Default or an Event of Default under this Section 10.04 unless the aggregate principal amount of all Indebtedness as described in preceding clauses (i) and (ii) is at least $7,500,000; or
Appears in 1 contract
Default Under Other Agreements. (a) The Borrower or any of its Subsidiaries shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity of all or otherwise, any portion of any Material Indebtedness (other than Indebtedness owed to when and as the Lenders under the Loan Documents) in excess of the Threshold Amount in the aggregate same shall become due and payable beyond the applicable and documented period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, or (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Documentother agreement, covenant or condition contained in any agreement or condition instrument evidencing or governing any Material Indebtedness (after giving effect to any such Indebtedness referred to in clause (i) of this Section 8.01(g) applicable and documented grace period), or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect result of which default or other event or condition condition, in each case, is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Material Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Material Indebtedness referred to of the Borrower or any of its Subsidiaries shall, for reason of any of the foregoing set out in clause (ia) of this Section 8.01(g) of the Loan Parties shall 9.4, be declared to be due and payable, or required to be prepaid or redeemed other than by a regularly scheduled required payment prepayment or prepaymentredemption, prior to the stated maturity thereofthereof (after giving effect to any applicable and documented grace period); or
Appears in 1 contract
Sources: Bridge Facility Senior Secured Bridge Loan Agreement (Pampa Energy Inc.)
Default Under Other Agreements. (i) Any Loan Party shall default in the payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan Documents) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, (ii) a default shall occur in the performance or observance of any Permitted Debt Document, any agreement or condition to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iii) any such Indebtedness referred to in clause clause
(i) of this Section 8.01(g) of the Loan Parties shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Sources: Credit Agreement (Greif Inc)
Default Under Other Agreements. The Borrower or any Subsidiary of the Borrower shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan Documents) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Borrower or any Subsidiary of the Borrower shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof, provided that it shall not be a Default or Event of Default under this Section 10.04 unless the aggregate principal amount of all Indebtedness as described in preceding clauses (i) through (iii), inclusive, is at least $500,000; or
Appears in 1 contract
Default Under Other Agreements. (i) Any Loan Party The Company or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsNotes) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Notes) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iiiii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Company or any of its Subsidiaries shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled or other mandatory required payment prepayment or prepaymentby reason of optional prepayment or tender by the issuer at its discretion, prior to the stated maturity thereof; provided that it shall not constitute an Event of Default pursuant to this clause (d) unless the aggregate amount of all Indebtedness referred to in clauses (i) and (ii) above exceeds $75,000,000 at any one time; or
Appears in 1 contract
Default Under Other Agreements. (a) Holdings or any of its Subsidiaries shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity or otherwise, of with respect to any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument applicable thereto or agreement under which such Indebtedness was created, (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Indebtedness referred to in clause (i) of this Section 8.01(g) Holdings or any of the Loan Parties its Subsidiaries shall be declared to be due and payable, payable (or shall be required to be prepaid other than by as a regularly scheduled required payment result of a default thereunder or prepayment, of an event of the type that constitutes an Event of Default) prior to the stated maturity thereof, PROVIDED that it shall not constitute an Event of Default pursuant to this Section 9.04 unless the aggregate principal amount of all Indebtedness referred to in clauses (a) and (b) above exceeds $7,500,000 in the aggregate at any one time; or
Appears in 1 contract
Default Under Other Agreements. Any Borrower or any Subsidiary of FSA shall (i) Any Loan Party shall default in the any payment when due, whether at stated maturity or otherwise, of with respect to any Indebtedness equal to or in excess of $5,000,000 (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Indebtedness referred to in clause (iother than the Obligations) of this Section 8.01(g) any Borrower or any Subsidiary of the Loan Parties FSA shall be declared to be due and payable, or shall be required to be prepaid other than by a regularly scheduled required payment prepayment or prepaymentas a mandatory prepayment (unless such required prepayment or mandatory prepayment results from a default thereunder or an event of the type that constitutes an Event of Default), prior to the stated maturity thereof; or
Appears in 1 contract
Sources: Credit Agreement (Financial Security Assurance Holdings LTD)
Default Under Other Agreements. (i) Any Loan Party The Company or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsNotes) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Notes) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, maturity or (iiiii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Company or any of its Subsidiaries shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled or other mandatory required payment prepayment or prepaymentby reason of optional prepayment or tender by the issuer at its discretion, prior to the stated maturity thereof; provided that it shall not constitute an Event of Default pursuant to this Section 9.04 unless the aggregate amount of all Indebtedness referred to in clauses (i) and (ii) above exceeds $3,000,000 at any one time; or
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Default Under Other Agreements. (a) Holdings or any of its Subsidiaries shall, after the Petition Date, (i) Any Loan Party shall default in the any payment when due, whether at stated maturity or otherwise, of with respect to any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (ii) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, ; or (iiib) any such Indebtedness referred to in clause (iother than the Obligations) of this Section 8.01(g) Holdings or any of its Subsidiaries shall, other than as a result of the Loan Parties shall commencement of the Cases, be declared to be due and payable, or shall be required to be prepaid other than by a regularly scheduled required payment prepayment or prepaymentas a mandatory prepayment (unless such required prepayment or mandatory prepayment results from a default thereunder or an event of the type that constitutes an Event of Default), prior to the stated maturity thereof; or
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Default Under Other Agreements. (i) Any Loan Party shall default in the payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan Documents) in excess of the Threshold Amount 146 #47923322 in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, (ii) a default shall occur in the performance or observance of any Permitted Debt Document, any agreement or condition to any such Indebtedness referred to in clause (i) of this Section 8.01(g) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or (iii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof; or
Appears in 1 contract
Sources: Credit Agreement (Greif Inc)
Default Under Other Agreements. (i) Any Loan Party The Company or any of its Subsidiaries shall (x) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsNotes) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiy) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Notes) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, maturity or (iiiii) any such Indebtedness referred to in clause (i) of this Section 8.01(g) of the Loan Parties Company or any of its Subsidiaries shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled or other mandatory required payment prepayment or prepaymentby reason of optional prepayment or tender by the issuer at its discretion, prior to the stated maturity thereof; provided that it shall not constitute an Event of Default pursuant to this clause (d) unless the aggregate amount of all Indebtedness referred to in clauses (i) and (ii) above exceeds $25,000,000 at any one time; or
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Default Under Other Agreements. (i) Any Loan Party or any of the Subsidiaries shall (A) default in the any payment when due, whether at stated maturity or otherwise, of any Indebtedness (other than Indebtedness owed to the Lenders under the Loan DocumentsObligations) in excess of the Threshold Amount in the aggregate beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created, created or (iiB) a default shall occur in the observance or performance or observance of any Permitted Debt Document, any agreement or condition relating to any such Indebtedness referred to in clause (i) of this Section 8.01(gother than the Obligations) 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 Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause (determined without regard to whether any notice of acceleration or similar notice is required), any such Indebtedness to become due or be repaid prior to its stated maturity, or or
(iiiii) any such Indebtedness referred to in clause (iother than the Obligations) of this Section 8.01(g) any Loan Party or any of the Loan Parties Subsidiaries shall be declared to be due and payable, or required to be prepaid other than by a regularly scheduled required payment or prepayment, prior to the stated maturity thereof, provided that it shall not be a Default or Event of Default under this Section 9.01(d) unless the aggregate principal amount of all Indebtedness as described in preceding clauses (d)(i) and (d)(ii) is at least $10,000,000; oror 130
Appears in 1 contract
Sources: Credit Agreement (Biltmore Surgery Center Holdings Inc)