Common use of Default of Other Obligations Clause in Contracts

Default of Other Obligations. Borrower shall fail to pay any material indebtedness to or perform any other obligation to any other firm, party or person, and such failure shall continue beyond any applicable grace period and result in the acceleration of such indebtedness or obligation or Borrower shall suffer to exist beyond any applicable grace period any other event of default under any material agreement binding upon Borrower, unless such event of default has been waived in writing by the appropriate party or parties to such agreement.

Default of Other Obligations. The Borrower shall fail to pay any material indebtedness to or perform any other obligation under any material agreement to any other firm, party or person, and such failure shall continue beyond any applicable grace period and result in the acceleration of such indebtedness or obligation or the Borrower shall suffer to exist beyond any applicable grace period any other event of default under any material agreement binding upon Borrower, the Borrower unless such event of default has been waived in writing by the appropriate party or parties to such agreement.

Default of Other Obligations. The Borrower shall fail to pay any material indebtedness to or perform any other obligation to any other firm, party or person, and such failure shall continue beyond any applicable grace period and result in the acceleration of such indebtedness or obligation or the Borrower shall suffer to exist beyond any applicable grace period any other event of default under any material agreement binding upon the Borrower, including, without limitation, the lease of the Leased Premises, unless such event of default has been waived in writing by the appropriate party or parties to such agreement.