Common use of Default in Favor of Third Parties Clause in Contracts

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 171 contracts

Samples: Loan Agreement (R B Rubber Products Inc), Loan Agreement (Industrial Services of America Inc /Fl), Business Loan Agreement (Litronic Inc)

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Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s or any Grantor’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 76 contracts

Samples: Business Loan Agreement (LiveOne, Inc.), Business Loan Agreement (Syra Health Corp), Business Loan Agreement (AmpliTech Group, Inc.)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property property, or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of pertaining to the Related DocumentsObligations.

Appears in 29 contracts

Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 28 contracts

Samples: Security Agreement (Charge Enterprises, Inc.), Commercial Security Agreement (Granite Falls Energy, LLC), Commercial Security Agreement (Macc Private Equities Inc)

Default in Favor of Third Parties. Should Borrower Grantor or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 10 contracts

Samples: Security Agreement (Versant Corp), Commercial Pledge Agreement (Pacifichealth Laboratories Inc), Aircraft Security Agreement (Asa International LTD)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s property or Borrower's or any Grantor's ’s ability to repay the Loans this Note or perform their respective Borrower’s obligations under this Agreement Note or any of the Related Documentsrelated documents.

Appears in 8 contracts

Samples: Business Loan Agreement, Business Loan Agreement (TX Holdings, Inc.), Business Loan Agreement (TX Holdings, Inc.)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, credit security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 5 contracts

Samples: Loan Agreement (Web Press Corp), Loan Agreement (Web Press Corp), Loan Agreement (Web Press Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's Grantor’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 5 contracts

Samples: Business Loan Agreement (Niku Corp), Security Agreement (Labwire Inc), Security Agreement (Natrol Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, credit security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s or any Grantor’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 5 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or Grantor's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 4 contracts

Samples: Commercial Security Agreement (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.), Aircraft Security Agreement (Air T Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 4 contracts

Samples: Security Agreement (Globalscape Inc), Security Agreement (Globalscape Inc), Security Agreement (Globalscape Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 3 contracts

Samples: Pledge Agreement (Zimmer Alan M), Pledge Agreement (Zimmer Alan M), Commercial Pledge Agreement (BJs RESTAURANTS INC)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person Person that may materially affect any of Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay the Loans Loan, as applicable, or perform their respective obligations under this Agreement or any of the Related Documents. Any default or event of default under any of the Libertyville Loans or any loans from Lender’s affiliates.

Appears in 3 contracts

Samples: Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability to repay the Loans indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Commercial Security Agreement (Stronghold Technologies Inc), Security Agreement (Eacceleration Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, agreement or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Loan Agreement (Chromavision Medical Systems Inc), Loan Agreement (Eckler Industries Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially adversely affect any of Borrower's property financial condition, operation or assets or Borrower's or any Grantor's ability to repay the Loans or perform their respective its obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Commercial Security Agreement (Niku Corp), Business Loan Agreement (Niku Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may would materially affect any of Borrower's property or any Grantor's financial condition or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Business Loan Agreement (Rubios Restaurants Inc), Business Loan Agreement (Rubios Restaurants Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Business Loan Agreement (Integrated Packaging Assembly Corp), Business Loan Agreement (GFS Acquisition Co Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability to repay the Loans Indebtedness or perform their respective obligations under this Security Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may be materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Commercial Security Agreement (Autocorp Equities Inc), Commercial Security Agreement (Autocorp Equities Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement Assignment or any of the Related Documents.

Appears in 2 contracts

Samples: Loan and Security Agreement (Snowdance Inc), Business Loan Agreement (Jameson Inns Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase ================================================================================ or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Commercial Security Agreement (American Consumers Inc), Commercial Security Agreement (American Consumers Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's Borrowers or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Bankboston Business Loan Agreement (Embedded Support Tools Corp), Biomeridan Corp

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's or any Grantor's ’s ability to repay the Loans Indebtedness or perform their its respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Security Agreement (Advanced Life Sciences Holdings, Inc.), Commercial Security Agreement (Advanced Life Sciences Holdings, Inc.)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Loan Agreement (Expresspoint Technology Systems Inc), Security Agreement (Obsidian Enterprises Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor's property or BorrowerXxxxxxxx's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 2 contracts

Samples: Business Loan Agreement (Rdo Equipment Co), Business Loan Agreement (Rdo Equipment Co)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or purchase, sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any .any of Borrower's property or Borrower's ’s or any Grantor's ’s property or Xxxxxxxx’s or any Grantor’s ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Heritage Global Inc.)

Default in Favor of Third Parties. Should Borrower Grantor or any Grantor Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in . In favor of any Any other creditor or person that may materially affect any of BorrowerGrantor's property property, or BorrowerGrantor's or any GrantorGuarantor's ability to repay the Loans or perform their respective obligations under this Agreement Agreement, or any of Related Document, or pertaining to the Related DocumentsIndebtedness.

Appears in 1 contract

Samples: Security Agreement (American Fire Retardant Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in In favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans this Note or perform their respective Borrower's obligations under this Agreement Note or any of the Related Documentsrelated documents.

Appears in 1 contract

Samples: Assignment and Security Agreement (Obsidian Enterprises Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or property, Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (NPR Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security secur ity agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property Grantor’s proper ty or Borrower's Grantor’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (Shells Seafood Restaurants Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or of any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Vermont Pure Holdings LTD)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (Primal Solutions Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security security, agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Industrial Data Systems Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Borrowees property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Web Street Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's Grantor’s or any Grantor's Grantees ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of creditxxxxxx, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents...

Appears in 1 contract

Samples: Business Loan Agreement (Arc Communications Inc)

Default in Favor of Third Parties. Should Any Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay the Loans Loan or perform their respective obligations under this Agreement or any of the Related Documents.. (e)

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

Default in Favor of Third Parties. Should Borrower Grantor or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability ablility to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Pledge Agreement (Newport Corp)

Default in Favor of Third Parties. Should Borrower Grantor or any Grantor default under any loan, extension of credit., security agreement, purchase or sales agreement, or any other agreement, agreement in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Capital Bank Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's Grantor’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this the Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Ourpets Co)

Default in Favor of Third Parties. Should Borrower Grantor or any Grantor Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property property, or BorrowerGrantor's or any GrantorGuarantor's ability to repay the Loans or perform their respective obligations under this Agreement Agreement, or any of Related Document, or pertaining to the Related Documentsindebtedness.

Appears in 1 contract

Samples: American Fire Retardant Corp

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension extension, of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commerical Security Agreement (At&s Holdings Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or yr person that may materially affect any of Borrower's Borrower ’s property or Borrower's or any Grantor's Xxxxxxxx ’s ability to repay the Loans this Note or perform their respective Borrower ’s obligations under this Agreement Note or any of the Related Documentsrelated documents.

Appears in 1 contract

Samples: Business Loan Agreement (Arena Resources Inc)

Default in Favor of Third Parties. Should Borrower borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Remedy Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Change in Terms Agreement (Heritage Oaks Bancorp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of or credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (New America Network Inc)

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Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loanLoan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Champion Industries Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or of sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's Xxxxxxxx’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (Natrol Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension extenslon of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect attect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Loan Agreement (Labor Ready Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s or any Grantor’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Loan Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (ComSovereign Holding Corp.)

Default in Favor of Third Parties. Should Borrower or of any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Loan Agreement (Balance Bar Co)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in agreement favor of any other creditor or person that may materially affect any of Borrower's property properly or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Pledge and Security Agreement (Boatracs Inc /Ca/)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (Natrol Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or Borrower's or any Grantor's ability to repay the Loans Indebtedness or Grantor's ability to perform their respective Grantor's obligations under this Agreement Mortgage or any of the Related Documents.

Appears in 1 contract

Samples: Autoscope Technologies Corp

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Relate Documents.

Appears in 1 contract

Samples: Loan Agreement (NTS Properties Vi/Md)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension exte3nsion of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans this Note or perform their respective Borrower's obligations under this Agreement Note or any of the Related Documentsrelated documents.

Appears in 1 contract

Samples: Loan Agreement (Petmed Express Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or Borrower's or any Grantor's ability to repay the Loans Note or Grantor's ability to perform their respective Grantor's obligations under this Agreement Mortgage or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Jameson Inns Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's Grantor’s or any Grantor's ’s ability to repay the Loans Indebtedness, or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (Dynamic Health Products Inc)

Default in Favor of Third Parties. Should Borrower Borrower, Grantor, or any Grantor Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property property, or Borrower's or Grantor's or any GrantorGuarantor's ability to repay the Loans or perform their respective obligations under this Agreement Agreement, or any of Related Document, or pertaining to the Related DocumentsIndebtedness.

Appears in 1 contract

Samples: Loan Agreement (Midsouth Bancorp Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect effect any of Borrower's ’s property or Borrower's or any Grantor's ’s ability to repay the Loans this Note or perform their respective Borrower’s obligations under this Agreement Note or any of the Related Documentsrelated documents.

Appears in 1 contract

Samples: Loan Agreement (Champion Industries Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or BorrowerXxxxxxxx's or any Grantor's ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Pledge Agreement (LSB Industries Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay the Loans Note or Borrower's or Grantor's ability to perform their respective obligations under this Agreement Mortgage or any of the Related Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowdance Inc)

Default in Favor of Third Parties. Should Borrower Grantor or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's Grantor’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Pledge Agreement (Nicholson Thomas T)

Default in Favor of Third Parties. Should Borrower or any Grantor default in any material respect under any loan, extension of credit, security agreement, purchase or sales agreement, guaranty or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's ’s or Grantor ‘s property or Borrower's ’s or any Grantor's Grantor ‘s ability to repay the Loans or perform their respective Borrower’s or Grantor ‘s obligations under this Agreement Agreement, or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Basin Water, Inc.)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or r II sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of BorrowerGrantor's property or BorrowerGrantor's or any Grantor's ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (I/Omagic Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, for money borrowed in excess of $50,000.00, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (Boatracs Inc /Ca/)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person Person that may materially affect any of Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay the Loans Loan, as applicable, or perform their respective obligations under this Agreement or any of the Related Documents. Any default or event of default under any of the Libertyville Loans.

Appears in 1 contract

Samples: Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default defaults under any loan, extension of credit, security agreement, purchase or purchase, sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any .any of Borrower's ’s or any Grantor’s property or Borrower's ’s or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Heritage Global Inc.)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, . extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Grantor’s property or Borrower's Grantor’s or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Security Agreement (Labwire Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or Grantor’s property or Borrower's Grantors or any Grantor's ’s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Broadview Institute Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans this Note or perform their respective Borrower's obligations under this Agreement Note or any of the Related Documents.

Appears in 1 contract

Samples: Loan Agreement (Petmed Express Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in In favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's Grantors ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Loan Agreement (1 800 Contacts Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Borrowers property or Borrower's Borrowers or any Grantor's Grantors ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Solopoint Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, credit security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.or

Appears in 1 contract

Samples: Loan Agreement (Web Press Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, loan extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's that/(BB) property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations Obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Business Loan Agreement (Fresh Enterprises Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's Borrowers property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Essex Corporation)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially matenally affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents.

Appears in 1 contract

Samples: Commercial Security Agreement (Colonial Downs Holdings Inc)

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