Indebtedness Default. Dow Corning shall give notice to the Claims Administrator of a payment default or other material default with respect to any financial indebtedness totaling more than $100,000,000 that results in acceleration of that indebtedness (an "Indebtedness Default") within two (2) business days of such Indebtedness Default. Dow Corning shall not restructure or otherwise resolve such Indebtedness Default without prior notice to the Claims Administrator.
Appears in 3 contracts
Sources: Funding Payment Agreement, Funding Payment Agreement, Funding Payment Agreement