6.1.9
A RECEIVER, ADMINISTRATOR, LIQUIDATOR OR OTHER SIMILAR OFFICIAL
SHALL BE APPOINTED IN RELATION TO THE PARENT OR THE OBLIGOR OR IN RELATION TO
THE WHOLE OR A SUBSTANTIAL PART OF ITS ASSETS OR TO THE COLLATERAL OR A
DISTRESS, EXECUTION OR OTHER PROCESS SHALL BE LEVIED OR ENFORCED UPON OR OUT
AGAINST, OR ANY ENCUMBRANCE SHALL TAKE POSSESSION OF, THE WHOLE OR A SUBSTANTIAL
PART OF ITS ASSETS OR THE COLLATERAL AND IN ANY OF THE FOREGOING CASES, SUCH
ACTION OR PERSON SHALL NOT BE DISCHARGED, DISMISSED, VACATED, STAYED OR BONDED
WITHIN THIRTY (30) DAYS;
6.1.10
ANY SEIZURE, VESTING OR INTERVENTION BY OR UNDER AUTHORITY OF A
GOVERNMENT OCCURS, BY WHICH THE PARENT'S OR THE OBLIGOR'S MANAGEMENT IS
DISPLACED OR ITS AUTHORITY IN THE CONDUCT OF ITS BUSINESS IS CURTAILED;
40
6.1.11
DEFAULT BY THE PARENT OR THE OBLIGOR IN (I) ANY PAYMENT OF
PRINCIPAL OF OR INTEREST OF ANY INDEBTEDNESS BEYOND THE PERIOD OF GRACE, IF ANY,
PROVIDED IN THE INSTRUMENT OR AGREEMENT UNDER WHICH SUCH INDEBTEDNESS WAS
CREATED; OR (II) DEFAULT IN THE OBSERVANCE OR PERFORMANCE OF ANY OTHER AGREEMENT
OR CONDITION RELATING TO ANY SUCH INDEBTEDNESS 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 THE HOLDER OR HOLDERS OF SUCH INDEBTEDNESS
(OR A TRUSTEE OR AGENT ON BEHALF OF SUCH HOLDER OR HOLDERS) TO CAUSE, WITH THE
GIVING OF NOTICE IF REQUIRED, SUCH INDEBTEDNESS TO BECOME DUE PRIOR TO ITS
STATED MATURITY, PROVIDED THAT THE AGGREGATE PRINCIPAL AMOUNT OF ALL
INDEBTEDNESS UNDER PARAGRAPHS (I) AND (II) OF THIS SUB-CLAUSE 6.1.11 WHICH WOULD
THEN BECOME DUE AND PAYABLE WOULD EQUAL OR EXCEED, IN THE CASE OF THE PARENT OR
THE OBLIGOR, USD$50,000,000;
6.1.12
ONE OR MORE JUDGMENTS OR DECREES SHALL BE ENTERED AGAINST THE
PARENT OR THE OBLIGOR INVOLVING IN THE AGGREGATE A LIABILITY (TO THE EXTENT NOT
PAID OR COVERED BY INSURANCE) OF, IN THE CASE OF THE PARENT OR THE OBLIGOR,
USD$50,000,000 OR MORE, AND ALL SUCH JUDGMENTS OR DECREES SHALL NOT HAVE BEEN
VACATED, DISCHARGED, STAYED OR BONDED PENDING APPEAL WITHIN SIXTY (60) DAYS
AFTER THE ENTRY THEREOF; OR
6.1.13
IF THE SECURITY INTEREST CREATED IN FAVOR OF THE AGENT PURSUANT TO
ANY SECURITY DOCUMENT SHALL CEASE TO BE VALID AND BINDING OR TO CONSTITUTE A
FULLY PERFECTED SECURITY INTEREST IN THE COLLATERAL DESCRIBED IN SUCH SECURITY
DOCUMENT, SUPERIOR IN RIGHT TO ANY OTHER LIEN.
6.2
REMEDIES
6.2.1
WITHOUT LIMITING ANY OTHER RIGHTS OR REMEDIES OF THE AGENT, THE
ISSUER OR ANY LENDER PROVIDED FOR ELSEWHERE IN THIS AGREEMENT OR ANY OTHER
FUNDAMENTAL DOCUMENT, OR BY APPLICABLE LAW, OR IN EQUITY, OR OTHERWISE, (I) IF
ANY EVENT OF DEFAULT SHALL OCCUR AND BE CONTINUING WITH RESPECT TO THE OBLIGOR,
THE AGENT MAY, BY NOTICE TO THE OBLIGOR, DECLARE ALL AMOUNTS OWING UNDER THIS
AGREEMENT AND ANY LETTERS OF CREDIT (WHETHER OR NOT SUCH LETTER