Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Obligor or any Obligated Party to any third party under any agreement or undertaking; or
Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower or any Obligated Party to any third party under any agreement or undertaking; or
Default to Third Party. There is a default in any material agreement to which Borrower or a Guarantor is a party or by which Borrower or a Guarantor or any of their assets are bound;
Default to Third Party. There is a default in any material post-Filing Date agreement to which Borrower is a party which binds Borrower or any of its assets and which permits the counterparty to exercise its rights and remedies and such counterparty does exercise its rights and remedies;
Default to Third Party. An event of default shall have occurred under any credit agreement, loan agreement, promissory note or other document or instrument evidencing indebtedness of Borrower and the holder of any such indebtedness shall have declared such indebtedness to be due and payable prior to the maturity thereof, or shall have instituted collection proceedings with respect thereto; or;
Default to Third Party. The occurrence of any event which results in the acceleration of the maturity of any indebtedness amounting in the aggregate to $5,000,000 or more owing by Pledgor or any Obligated Party to any third party under any agreement or undertaking; or
Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by any of the Obligors to any third party, including, without limitation, KBK, under any agreement or undertaking.
Default to Third Party. There is a default in any material agreement to which Borrower is a party or by which binds Borrower or any of their assets, including without limitation a default in any agreement between Borrower and Licensor, including without limitation that certain License Agreement dated October 1, 1998 by and between Borrower and Lucent Technologies Inc., that certain Reseller Agreement dated May 31, 2002 by and between Borrower and Avaya Inc. and any document, instrument or agreement executed in connection therewith, in furtherance thereof or pursuant thereto;
Default to Third Party. There is a default in any material agreement to which Borrower is a party or by which Borrower or Borrower's property or assets are bound where the occurrence or existence of such default would have a material adverse effect on the business or operations of the Borrower.
Default to Third Party. There is a default in any agreement involving an aggregate Loan Party liability of at least $25,000 to which any Borrower or any Guarantor is a party or which binds any Borrower or any Guarantor or any of their respective assets, other than as being contested in good faith;
