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

Default in Favor of Third Parties. Borrowers, or any one of them 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 Borrower or Borrower’s ability to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, or any of the other Loan Documents.

Default in Favor of Third Parties. Borrowers, Borrower or any one of them Granter 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 Borrower any of Borrower's or any Grantor's property or Borrower’s 's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower defaults 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans Note or perform their respective obligations Borrower’s Obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Documentsrelated document.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower defaults 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans Note or perform their respective obligations Borrower’s Obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Documents.related document; or

Default in Favor of Third Parties. Borrowers, or any one of them Company 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 Borrower or Borrowerthe Company’s ability to repay the Loans loans or perform their respective its obligations under this Agreement, the Loan Agreement, Note or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreementagreement to which Borrower is a party, in favor of any other creditor or person other party thereto, that may would materially and adversely affect Borrower or Borrower’s 's ability to repay the Loans or perform their respective its obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents."

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan related Documents.

Default in Favor of Third Parties. Borrowers, Borrower or any one of them grantor 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans this Note or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Note or any of the other Loan Documentsrelated documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, The Borrower or any one of them the Guarantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, agreement or any other agreement, agreement in favor of any other creditor or person that may materially affect Borrower or Borrower’s ability could reasonably be expected to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, or any of the other Loan Documents.have a Material Adverse Effect; or

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Xxxxxxxx ’ s ability to repay the Loans or perform their respective Borrower ’s obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Documentsrelated document.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrowers property or Borrower’s ability to repay the Loans or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, Borrower or any one of them Granter defaults 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 Borrower 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, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans Loan or perform their its respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 and that defaults may materially affect Borrower or the Borrower’s ability to repay the Loans loans or perform their respective its obligations under this Agreement, the Loan Agreement, any Note or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower's property or Borrower’s 's ability to repay the Loans Loan or perform their respective its obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan DocumentsRelated Documents and such default continues beyond any applicable grace or cure period.

Default in Favor of Third Parties. Borrowers, or any one of them The Borrower defaults under any loan, extension of credit, security agreement, purchase or sales agreement, agreement or any other agreement, agreement in favor of any other creditor or person that may materially affect Borrower or Borrower’s ability could reasonably be expected to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, or any of the other Loan Documents.have a Material Adverse Effect; or

Default in Favor of Third Parties. Borrowers, or any one of them Borrower defaults 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower defaults under any material 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 Borrower TridentHE or Borrower’s ability to repay the Loans Loan or perform their respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of the Borrower’s property or Borrower’s ability to repay the Loans or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower's property or Borrower’s 's ability to repay the Loans Indebtedness or perform their respective its obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, Borrower or any one of them Guarantor 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 Borrower any of Borrower’s or any Guarantor’s property or Borrower’s or any Guarantor’s ability to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan DocumentsRelated Documents and such default remains uncured for a period of three (3) days.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower Borrower’s property or Borrower’s ability to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, Borrower or any one of them Granter 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 Borrower 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, the Loan Agreement, Agreement or any of the other Loan Related Documents.

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

Default in Favor of Third Parties. Borrowers, Borrower or any one of them Granter 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans this Note or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Note or any of the other Loan Documentsrelated documents.

Default in Favor of Third Parties. Borrowers, Borrower or any one of them Guarantor 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 Borrower any of Borrower’s or any Guarantor’s property or Borrower’s or any Guarantor’s ability to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, The Borrower or any one of them other Loan Party defaults under any loan, extension of credit, security agreement, purchase or sales agreementagreement (including, but not limited to, the Senior Loan), or any other agreement, in favor of any other creditor or person that may materially affect Borrower any of the Loan Party’s property or Borrowerany Loan Party’s ability to repay the Loans Obligations or perform their respective obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Documentsrelated document. False Statements. Any representation or statement made by Borrower to Lender is false in any material respect.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower’s property or Borrower’s ability to repay the Loans Note or perform their respective Borrower’s obligations under this Agreement, the Loan Agreement, Note or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower's property or Borrower’s Borrowers ability to repay the Loans or perform their respective Borrower's obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Any Borrower defaults 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 Borrower or Borrower’s ability would reasonably be expected to repay the Loans or perform their respective obligations under this Agreement, the Loan Agreement, or any of the other Loan Documentshave a Material Adverse Effect.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower Borrower's financial condition, operation or assets or Borrower’s 's ability to repay the Loans or perform their respective its obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower's property or Borrower’s 's ability to repay the Loans or perform their respective Borrower's obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Related Documents.

Default in Favor of Third Parties. Borrowers, or any one of them Borrower 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 Borrower any of Borrower's property or Borrower’s 's ability to repay the Loans or perform their respective Borrower's obligations under this Agreement, the Loan Agreement, Agreement or any of the other Loan Documentsrelated document. False Statements. Any representation or statement made by Borrower to Lender is false in any material respect.