Events of Default Hereunder. Default in the payment of principal of any Secured Indebtedness when due or default (and such default shall continue unremedied for five (5) days or such longer period during which the holders thereof, or any Indenture Trustee for the holders thereof, do not have the power to cause such Secured Indebtedness to become immediately payable in full) in the payment of interest on any Secured Indebtedness when due, so long as such default shall not have been remedied shall be an "event of default" hereunder.
Appears in 3 contracts
Sources: Credit Facility Agreement (Pioneer Natural Resources Co), Credit Facility Agreement (Pioneer Natural Resources Co), Credit Facility Agreement (Pioneer Natural Resources Usa Inc)