Common use of Indebtedness Cross-Default Clause in Contracts

Indebtedness Cross-Default. (i) A Borrower, any other Obligor, or any of their respective Subsidiaries shall fail to pay when due and payable, the principal of, or interest on, any Indebtedness (other than the Obligations) having an aggregate outstanding principal amount greater than or equal to $5,000,000; or (ii) (x) The maturity of any Material Indebtedness shall have been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness or (y) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or (iii) Any other event shall have occurred and be continuing which with or without the passage of time, the giving of notice, or both, would permit any holder or holders of Material Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A Borrower, any other Obligor, The Borrower or any of their respective Subsidiaries Subsidiary shall fail to pay when due and payable, payable the principal of, or interest on, any Indebtedness (other than the ObligationsLoans) having an aggregate outstanding principal amount greater than of $5,000,000 or equal to $5,000,000more ("Material Indebtedness"); or (ii) (x) The the maturity of any Material Indebtedness shall have (x) been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness or (y) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or (iii) Any any other event shall have occurred and be continuing which which, with or without the passage of time, the giving of notice, or both, would permit any holder or holders of any Material Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A Borrower, any other Obligor, or any of their respective Subsidiaries Borrower shall fail to pay when due and payablepayable the principal of or interest on the Sirrom Subordinated Indebtedness, the principal of, Shareholder Subordinated Indebtedness or interest on, any other Indebtedness (other than the ObligationsLoans or Notes) having an aggregate outstanding where the principal amount greater than of such Indebtedness is in excess of $50,000, or equal to $5,000,000; or (ii) (x) The the maturity of any Material such Indebtedness shall have (A) been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness Indebtedness, or (yB) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or , or (iii) Any other any event shall have occurred and be continuing which which, with or without the passage of time, time or the giving of notice, or both, would permit any holder or holders of Material such Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, Person so to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A Borrower, any other Obligor, Borrower or any of their respective its Subsidiaries shall fail to pay when due and payable, payable the principal of, of or interest on, on any Indebtedness (other than the ObligationsRevolving Credit Loans or the Note or trade accounts payable to suppliers of goods or services to the Borrower or any of its Subsidiaries in the ordinary course of business) having an aggregate outstanding where the principal amount greater than of such Indebtedness is in excess of $50,000, or equal to $5,000,000; or (ii) (x) The the maturity of any Material such Indebtedness shall have (A) been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness Indebtedness, or (yB) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or , or (iii) Any other any event shall have occurred and be continuing which which, with or without the passage of time, time or the giving of notice, or both, would permit any holder or holders of Material such Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, Person so to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A The Borrower, any other Obligor, Subsidiary or any of their respective Subsidiaries other Loan Party shall fail to pay when due and payable, payable the principal of, or interest onon (after giving effect to the expiration of any applicable grace period for the payment of such interest), any Indebtedness (other than the ObligationsLoan) having an aggregate outstanding principal amount greater than of $15,000,000 or equal to $5,000,000more; or (ii) the maturity of any such Indebtedness shall have (x) The maturity of any Material Indebtedness shall have been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness or (y) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or (iii) Any any other event shall have occurred and be continuing (and any related grace period shall have expired) which with or without the passage of time, the giving of notice, or both, would permit any holder or holders of Material such Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A The Borrower, any other Obligor, Subsidiary or any of their respective Subsidiaries other Loan Party shall fail to pay when due and payable, payable the principal of, or interest on, any Indebtedness (other than the ObligationsLoans) or any Contingent Obligations having an aggregate outstanding principal amount greater than of $10,000,000 or equal to $5,000,000more; or (ii) the maturity of any such Indebtedness shall have (x) The maturity of any Material Indebtedness shall have been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness or (y) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or (iii) Any any other event shall have occurred and be continuing which which, with or without the passage of time, the giving of notice, or bothotherwise, would permit any holder or holders of Material Indebtednesssuch Indebtedness or Contingent Obligation, any trustee or agent acting on behalf of such holder or holders or any other Person, to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A Borrower, any other Obligor, or any of their respective Subsidiaries The Borrower shall fail to pay when due and payable, payable the principal of, of or interest on, on any Indebtedness (other than the ObligationsLoans or Note) having an aggregate outstanding where the principal amount greater than of such Indebtedness is in excess of $100,000, and any grace or equal to $5,000,000; or cure period applicable thereto shall have elapsed without such payment being made, or (ii) (x) The the maturity of any Material such Indebtedness shall have (A) been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness Indebtedness, or (yB) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or , or (iii) Any other any event shall have occurred and be continuing which which, with or without the passage of time, time or the giving of notice, or both, would permit any holder or holders of Material such Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, Person so to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A Borrower, The Borrower or any other Obligor, or any of their respective Subsidiaries Loan Party shall fail to pay when due and payable, payable the principal of, or interest on, any Indebtedness (other than the Obligations) Loans or any Contingent Obligations having an aggregate outstanding principal amount greater than of $1,500,000 or equal to $5,000,000more; or (ii) (x) The maturity of any Material such Indebtedness shall have (A) been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness or (yB) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or (iii) Any other event shall have occurred and be continuing which which, with or without the passage of time, the giving of notice, or both, would permit any holder or holders of Material Indebtednesssuch Indebtedness or Contingent Obligation, any trustee or agent acting on behalf of such holder or holders or any other Person, to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturitymaturity and such Person shall not have waived its right to so accelerate or require prepayment with respect to such event.

Indebtedness Cross-Default. (i) A Borrower, The Borrower or any other Obligor, or any of their respective Subsidiaries Loan Party shall fail to pay when due and payable, payable the principal of, or interest on, any Indebtedness (other than the ObligationsLoans) having an aggregate outstanding principal amount greater than of $5,000,000 or equal to $5,000,000more; or or (ii) the maturity of any such Indebtedness shall have (x) The maturity of any Material Indebtedness shall have been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness or (y) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or or (iii) Any any other event shall have occurred and an be continuing which which, with or without the passage of time, the giving of notice, a determination of materiality, the satisfaction of any condition or bothany combination of the foregoing, would permit any holder or holders of Material such Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.

Indebtedness Cross-Default. (i) A Borrower, any other Obligor, Borrower or any of their respective its Subsidiaries -------------------------- shall fail to pay when due and payable, payable the principal of, of or interest on, on any Indebtedness (other than the ObligationsLoans or the Notes or trade accounts payable to suppliers of goods or services to the. Borrower or any of its Subsidiaries in the ordinary course of business) having an aggregate outstanding where the principal amount greater than of such Indebtedness is in excess of $50,000, or equal to $5,000,000; or (ii) (x) The the maturity of any Material such Indebtedness shall have (A) been accelerated in accordance with the provisions of any indenture, contract or instrument evidencing, providing for the creation of or otherwise concerning such Material Indebtedness Indebtedness, or (yB) any Material Indebtedness shall have been required to be prepaid or repurchased prior to the stated maturity thereof; or , or (iii) Any other any event shall have occurred and be continuing which which, with or without the passage of time, time or the giving of notice, or both, would permit any holder or holders of Material such Indebtedness, any trustee or agent acting on behalf of such holder or holders or any other Person, Person so to accelerate the maturity of any such Material Indebtedness or require any such Material Indebtedness to be prepaid or repurchased prior to its stated maturity.