Example ContractsClausesDefaults Under Other Agreements
Defaults Under Other Agreements
Defaults Under Other Agreements contract clause examples

Defaults under Other Agreements. With respect to any Recourse Indebtedness (other than Indebtedness outstanding under this Credit Agreement) of any Borrower or any of its Subsidiaries in an aggregate principal amount equal to or in excess

Default Under Other Agreements. If # there is a default in one or more agreements to which Parent or any of its Restricted Subsidiaries is a party with one or more third Persons relative to Parent’s or any of its Restricted Subsidiaries’ Indebtedness involving an aggregate principal amount of $10,000,000 or more, and such default # occurs at the final maturity of the obligations thereunder or # results in a right by such third Person, irrespective of whether exercised, to accelerate the maturity of Parent’s or such Restricted Subsidiary’s obligations thereunder or # there is a default under any operating lease or “true” lease under which Parent or any of its Restricted Subsidiaries is lessee and the aggregate cost of the property leased thereunder exceeds $10,000,000, and such default results in a right of a third Person to, irrespective of whether exercised, cause rent in excess of $5,000,000 to become due before its stated due date;

If any Borrower or any Party shall # default in any payment of any Indebtedness (other than the Obligations) beyond the applicable grace period, if any, provided in an instrument or agreement under which such Indebtedness is governed or # default in the observance or performance of any agreement or condition relating to any Indebtedness (other 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 any holder of such Indebtedness (or a trustee or [[Organization B:Organization]] on behalf of such holder) to cause (after delivery of any notice, if required by any such instrument or agreement, and after giving effect to any waiver, amendment, cure or grace period), any such Indebtedness to become due prior to its stated maturity, or # any Indebtedness (other than the Obligations) of any Borrower or any other Loan Party shall be declared to be (or shall become) due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the stated maturity thereof; provided that it shall not be a Default or an Event of Default under this [Section 10.4] unless the aggregate principal amount of all such Indebtedness as described in this [Section 10.4] equals to or exceeds the Threshold Amount;

Default Under Other Agreements. If there is # a default in one or more agreements to which a Loan Party or any of its Subsidiaries is a party with one or more third Persons relative to a Loan Party's or any of its Subsidiaries' Indebtedness involving an aggregate amount of $500,000 or more, and such default # occurs at the final maturity of the obligations thereunder, or # results in a right by such third Person, irrespective of whether exercised, to accelerate the maturity of such Loan Party's or its Subsidiary's obligations thereunder, or # a default in or an involuntary early termination of one or more Hedge Agreements to which a Loan Party or any of its Subsidiaries is a party involving an aggregate amount of $500,000 or more;

Other Defaults Under Loan Documents. The Borrower shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in [Sections 9.1(a) or 9.1(d)]) or any other Loan Document and such failure shall continue unremedied for a period of 30 days after the earlier to occur of # the Borrower obtaining knowledge thereof and # the date that notice thereof shall have been given to the Borrower by the Administrative Agent or any Lender; or

No Defaults under Other Obligations. No default under any note, credit agreement or other document relating to existing Indebtedness of any of the Loan Parties shall occur as a result of this Amendment.

No Borrower will, and no Borrower will permit any of the other Loan Parties to, enter into any amendment, waiver or modification of any Junior Lien Document or any related agreements except as permitted under the Intercreditor Agreement.

Each [[Organization C:Organization]] agrees that it shall not, without the express consent of [[Organization B:Organization]], and that it shall, to the extent it is lawfully entitled to do so, upon the request of [[Organization B:Organization]], set off against the Obligations, any amounts owing by such [[Organization C:Organization]] to any Loan Party or any deposit accounts of any Loan Party now or hereafter maintained with such [[Organization C:Organization]]. Anything in this Agreement to the contrary notwithstanding, each [[Organization C:Organization]] further agrees that it shall not, unless specifically requested to do so by [[Organization B:Organization]], take any action to protect or enforce its rights arising out of this Agreement or the Other Documents, it being the intent of Lenders that any such action to protect or enforce rights under this Agreement and the Other Documents shall be taken in concert and at the direction or with the consent of [[Organization B:Organization]] or Required Lenders.

Other Agreements. You agree that in connection with the settlement of vested Units, you will execute such documents as may be necessary to become a party to any stockholder, voting or similar agreements as the Company may require.

Other Agreements. [[Organization A:Organization]] (or any guarantor) or any of Borrowers Affiliates fails to meet the conditions of, or fails to perform any obligation under any other agreement [[Organization A:Organization]] (or any guarantor) or any of [[Organization A:Organization]]’s Affiliates has with [[Organization B:Organization]] or any Affiliate of [[Organization B:Organization]].

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