Common use of Payments or Default Clause in Contracts

Payments or Default. The acceptance of partial payments with respect to the Liabilities; any direction for application of payment by the Borrowers or any other person or entity; or the taking of or the failure to take any actions referred to in this Guaranty or any of the Loan Documents;

Payments or Default. The acceptance of partial payments with respect to the Guaranteed Liabilities; any direction for of application of payment by the Borrowers Borrower, any other Obligor or any other person or entityparty; or the taking of or the failure to take any actions referred to in this Guaranty or Guaranty, any of the Loan DocumentsTransaction Documents or any other documents representing the Guaranteed Liabilities;

Payments or Default. The acceptance of partial payments with respect to the Liabilities; any direction for application of payment by the Borrowers or any other person or entityparty; or the taking of or the failure to take any actions referred to in this Guaranty or any of the Loan Documents;