Common use of Default on Other Contracts or Obligations Clause in Contracts

Default on Other Contracts or Obligations. Default on any material contract with or obligation when due to a third party or default in the performance of any obligation to a third party incurred for money borrowed.

Appears in 3 contracts

Samples: Loan Agreement (ScripsAmerica, Inc.), Loan Agreement (CNL Income Properties Inc), Loan Agreement (American Land Lease Inc)

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Default on Other Contracts or Obligations. Default on any material contract Material Agreement with or obligation when due to a third party or default in the performance of any obligation to a third party incurred for money borrowed.

Appears in 2 contracts

Samples: Unconditional Guaranty (Asbury Automotive Group Inc), Unconditional Guaranty (Asbury Automotive Group Inc)

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Default on Other Contracts or Obligations. Default on any material contract with or obligation when due to a third party or default in the performance of any material obligation to a third party incurred for money borrowed.

Appears in 1 contract

Samples: Loan Agreement (Cybex International Inc)

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