Default under Material Agreements Sample Clauses
The "Default under Material Agreements" clause defines what constitutes a default or breach under significant contracts that a party is involved in. Typically, this clause specifies that if a party fails to meet its obligations under other key agreements—such as major supply contracts, loan agreements, or leases—such a failure may trigger consequences under the current agreement as well. This mechanism ensures that parties are protected from the ripple effects of defaults in other critical relationships, thereby allocating risk and maintaining the integrity of the contractual arrangement.
Default under Material Agreements. Any material breach or default under any of the agreements set forth in Section 3.9 of the Disclosure Schedule to the Purchase Agreement; or
Default under Material Agreements. There is a default with respect to any material agreement to which Borrower or any of its Subsidiaries is a party and such default (a) occurs at the final maturity of the obligations thereunder, or (b) results in a right by the other party thereto, irrespective of whether exercised, to accelerate the maturity of Borrower’s or its Subsidiaries’ obligations thereunder, to terminate such agreement, or to refuse to renew such agreement pursuant to an automatic renewal right therein; or if there is a default in or an involuntary early termination of one or more Hedging Agreements to which Borrower or any of its Subsidiaries is a party; or
Default under Material Agreements. There is a default with respect to any material agreement to which Borrower or any of its Subsidiaries is a party and such default (a) occurs at the final maturity of the obligations thereunder, or (b) results in a right by the other party thereto, irrespective of whether exercised, to accelerate the maturity of Borrower’s or its Subsidiaries’ obligations thereunder, to terminate such agreement, or to refuse to renew such agreement pursuant to an automatic renewal right therein; or