BORROWER (WHICH NOTICE WILL BE GIVEN AT THE
REQUEST OF ANY LENDER);
(F)
THE BORROWER OR ANY SUBSIDIARY SHALL FAIL
TO MAKE ANY PAYMENT OF PRINCIPAL OR INTEREST (REGARDLESS OF AMOUNT) IN RESPECT
OF ANY MATERIAL OBLIGATIONS, WHEN AND AS THE SAME SHALL BECOME DUE AND PAYABLE
(AFTER GIVING EFFECT TO ANY APPLICABLE PERIOD OF GRACE);
(G)
ANY EVENT OR CONDITION OCCURS AND CONTINUES
BEYOND ANY APPLICABLE PERIOD OF GRACE THAT RESULTS IN ANY MATERIAL OBLIGATIONS
BECOMING DUE PRIOR TO ITS SCHEDULED MATURITY OR THAT ENABLES OR PERMITS (WITH OR
WITHOUT THE GIVING OF NOTICE, TO THE EXTENT REQUIRED BY THE DOCUMENTS GOVERNING
SUCH MATERIAL OBLIGATIONS) THE HOLDER OR HOLDERS OF ANY MATERIAL OBLIGATIONS OR
ANY TRUSTEE OR AGENT ON ITS OR THEIR BEHALF TO CAUSE ANY MATERIAL OBLIGATIONS TO
BECOME DUE, OR TO REQUIRE THE PREPAYMENT, REPURCHASE, REDEMPTION OR DEFEASANCE
THEREOF, PRIOR TO ITS SCHEDULED MATURITY; PROVIDED THAT THIS CLAUSE (G) SHALL
NOT APPLY TO SECURED INDEBTEDNESS THAT BECOMES DUE AS A RESULT OF THE VOLUNTARY
SALE OR TRANSFER OF THE PROPERTY OR ASSETS SECURING SUCH INDEBTEDNESS;
(H)
THE BORROWER OR ANY OF ITS SIGNIFICANT
SUBSIDIARIES SHALL COMMENCE A VOLUNTARY CASE CONCERNING ITSELF UNDER TITLE 11 OF
THE UNITED STATES CODE ENTITLED "BANKRUPTCY," AS NOW OR HERE­AFTER IN EFFECT, OR
ANY SUCCESSOR THERETO (THE "BANKRUPTCY CODE"); OR AN INVOLUNTARY CASE IS
COM­MENCED AGAINST THE BORROWER OR ANY OF ITS SUBSIDIARIES AND THE PETITION IS
NOT CONTROVERTED WITHIN 10 DAYS, OR IS NOT DISMISSED WITHIN 60 DAYS, AFTER
COMMENCEMENT OF THE CASE; OR A CUSTODIAN (AS DEFINED IN THE BANKRUPTCY CODE) IS
APPOINTED FOR, OR TAKES CHARGE OF, ALL OR SUBSTAN­TIALLY ALL OF THE PROPERTY OF
THE BORROWER OR ANY OF ITS SIGNIFICANT SUBSIDIARIES; OR THE BORROWER OR ANY OF
ITS SIGNIFICANT SUBSIDIARIES COMMENCES (INCLUDING BY WAY OF APPLYING FOR OR
CONSENTING TO THE APPOINT­MENT OF, OR THE TAKING OF POSSESSION BY, A
REHABILITATOR, RECEIVER, CUSTODIAN, TRUSTEE, CONSERV­ATOR OR LIQUIDATOR
(COLLECTIVELY, A "CONSERVATOR") OF ITSELF OR ALL OR ANY SUBSTANTIAL PORTION OF
ITS PROPERTY) ANY OTHER PROCEEDING UNDER ANY REORGANIZATION, ARRANGEMENT,
ADJUSTMENT OF DEBT, RELIEF OF DEBTORS, DISSOLUTION, INSOLVENCY, LIQUIDATION,
REHABILITATION, SUPERVISION, CONSERVATORSHIP OR SIMILAR LAW OF ANY JURISDICTION
WHETHER NOW OR HEREAFTER IN EFFECT RELATING TO THE BORROWER OR ANY OF ITS
SIGNIFICANT SUBSIDIARIES; OR ANY SUCH PROCEEDING IS COMMENCED AGAINST (A) ANY
REGULATED INSURANCE COMPANY THAT IS A SIGNIFICANT SUBSIDIARY WHICH IS ENGAGED IN
THE BUSINESS OF UNDERWRITING INSURANCE AND/OR REINSURANCE, OR (B) THE BORROWER
OR ANY OF ITS SIGNIFICANT SUBSIDIARIES (OTHER THAN (X) ANY REGULATED INSURANCE
COMPANY DESCRIBED IN THE IMMEDI­ATELY PRECEDING CLAUSE (A)) TO THE EXTENT SUCH
PROCEEDING IS CONSENTED TO BY SUCH PERSON, AND IN THE CASE OF EITHER CLAUSE (A)
OR (B) REMAINS UNDISMISSED FOR A PERIOD OF 60 DAYS; OR THE BORROWER OR ANY OF
ITS SIGNIFICANT SUBSIDIARIES IS ADJUDICATED INSOLVENT OR BANKRUPT; OR ANY ORDER
OF RELIEF OR
55
OTHER ORDER APPROVING ANY SUCH CASE OR PROCEEDING IS ENTERED; OR (A) ANY
REGULATED INSURANCE COMPANY THAT IS A SIGNIFICANT SUBSIDIARY WHICH