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: Pledge Agreement (Homecapital Investment Corp), Loan Agreement (Independent Bankshares Inc), Security Agreement (Earthcare Co)

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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 Borrower, Grantor or any Obligated Party Guarantor to any third party under any agreement or undertaking; or.

Appears in 5 contracts

Samples: Loan Agreement (Gentner Communications Corp), Business Loan Agreement (Unified Holdings Inc), Loan Agreement (Zila 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 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 or any Obligated Party to any third party under any agreement or undertaking, which event continues unremedied for five days; or

Appears in 1 contract

Samples: Security Agreement (Visual Edge 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 Borrxxxx, Xxantor or any Obligated Party Guarantor to any third party under any agreement or undertaking; or.

Appears in 1 contract

Samples: Promissory Note (Trizetto Group Inc)

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