Common use of Default to Third Party Clause in Contracts

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

Appears in 9 contracts

Samples: Security Agreement (Citizens Inc), Security Agreement (Earthcare Co), Pledge Agreement (Homecapital Investment Corp)

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Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower Obligor or any Obligated Party to any third party under any agreement or undertaking; or

Appears in 5 contracts

Samples: Security Agreement (Edible Garden AG Inc), Security Agreement (Global Casinos Inc), Unit Pledge Agreement (Desert Capital Reit Inc)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower Grantor or any Obligated Party Guarantor to any third party under any agreement or undertaking; or.

Appears in 4 contracts

Samples: Security Agreement (Gentner Communications Corp), Loan Agreement (Carrier Access Corp), Loan Agreement (Carrier Access Corp)

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 of the Obligors to any third party under any agreement or undertaking; or.

Appears in 4 contracts

Samples: Subordination Agreement (Red Oak Hereford Farms Inc), Loan Agreement (Karts International Inc), Loan Agreement (Karts International Inc)

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;

Appears in 3 contracts

Samples: Pledge and Security Agreement (Stellar Bancorp, Inc.), Pledge and Security Agreement (CBTX, Inc.), Pledge and Security Agreement (CBTX, Inc.)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any material indebtedness owing by Borrower Pledgor or any Obligated Party to any third party under any agreement or undertaking; or

Appears in 2 contracts

Samples: Pledge and Security Agreement (Stabilis Energy, Inc.), Pledge and Security Agreement (Stabilis Energy, Inc.)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness in excess of $100,000.00 owing by Borrower or any Obligated Party to any third party under any agreement or undertaking; or

Appears in 2 contracts

Samples: Security Agreement (Amx Corp /Tx/), Pledge Agreement (Amx Corp /Tx/)

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 Pledgor to any third party under any agreement or undertaking; or.

Appears in 2 contracts

Samples: Pledge Agreement (Seair Group Inc), Note Purchase Agreement (Obsidian Enterprises Inc)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower Debtor or any Obligated Party to any third party under any agreement or undertaking; or

Appears in 2 contracts

Samples: Loan Agreement (Citizens Inc), Security Agreement (Mitcham Industries Inc)

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 Debtor to any third party under any agreement or undertaking; or.

Appears in 2 contracts

Samples: Subordination Agreement (Red Oak Hereford Farms Inc), Note Purchase Agreement (Obsidian Enterprises Inc)

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 Lender or any third party under any agreement or undertaking; or

Appears in 2 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (CBTX, Inc.)

Default to Third Party. The occurrence of any event which permits, or with notice or lapse of time, or both, permits the acceleration of the maturity of any indebtedness owing by Borrower or any Obligated Party of the Obligors to any third party under any agreement or undertaking; orundertaking (including, without limitation, any indebtedness owing by Borrower to Senior Lender).

Appears in 1 contract

Samples: Note Purchase Agreement (Obsidian Enterprises Inc)

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 Pledgor to any third party under any agreement or undertaking; or

Appears in 1 contract

Samples: Pledge Agreement (Arabian American Development Co)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower Xxxxxxxx, Grantor or any Obligated Party Guarantor to any third party under any agreement or undertaking; or.

Appears in 1 contract

Samples: Business Loan Agreement (Made2manage Systems Inc)

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Default to Third Party. The occurrence of any event which permits the ---------------------- acceleration of the maturity of any indebtedness owing by Borrower Obligor or any Obligated Party to any third party under any agreement or undertaking; or

Appears in 1 contract

Samples: Security Agreement (Us Home Systems Inc /Tx)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness Indebtedness owing by Borrower Borrower, Grantor or any Obligated Party Guarantor to any third party under any agreement or undertaking; or.

Appears in 1 contract

Samples: Change in Terms Agreement (SCC Communications Corp)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower Borrower, Grantor or any Obligated Party Guarantor to any third party under any agreement or undertaking; orunderstanding.

Appears in 1 contract

Samples: Business Loan Agreement (Bioanalytical Systems Inc)

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

Appears in 1 contract

Samples: Pledge Agreement (Asd Systems Inc)

Default to Third Party. The occurrence existence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower or any Obligated Party to Lender or any third party under any agreement or undertaking; or

Appears in 1 contract

Samples: Pledge and Security Agreement (Rush William M Rusty)

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

Appears in 1 contract

Samples: Credit Agreement (Data Return Corp)

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 of the Obligors to any third party under any agreement or undertaking; or, including FACTOR.

Appears in 1 contract

Samples: Loan and Security Agreement (SLS International Inc)

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower Bxxxxxxx, Grantor or any Obligated Party Guarantor to any third party under any agreement or undertaking; or.

Appears in 1 contract

Samples: Loan Agreement (Bioanalytical Systems Inc)

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