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, Grantor or any Guarantor to any third party under any agreement or undertaking.

Appears in 5 contracts

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

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Promissory Note (Trizetto Group Inc)

AutoNDA by SimpleDocs

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Borrower, Grantor Borrower or any Guarantor 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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!