Common use of Cross Default; Default on Other Debt Clause in Contracts

Cross Default; Default on Other Debt. The occurrence of any default on any other obligation or indebtedness of Borrower or any guarantor of Borrower to any third parties so that the holder of such obligation or indebtedness declares such obligation or indebtedness due prior to its date of maturity;

Appears in 3 contracts

Samples: Loan Security and Service Agreement (Auto Underwriters of America, Inc.), Security and Service Agreement (Easy Money Holding Corp), Loan, Security and Service Agreement (Thatlook Com Inc/Nv)

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Cross Default; Default on Other Debt. The occurrence of any (a) Any other default on any of the Obligations or under any of the Relevant Documents occurs, or (b) default occurs under any indebtedness or other obligation or indebtedness of Borrower or of any guarantor of Borrower any of the Obligations, or to any third parties so party that the holder of entitles such third party to declare such indebtedness or other obligation or indebtedness declares such obligation or indebtedness due prior to its date of maturity;

Appears in 2 contracts

Samples: Loan and Security Agreement (Judge Group Inc), Loan and Security Agreement (Judge Group Inc)

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Cross Default; Default on Other Debt. The occurrence of any ------------------------------------- default on any other obligation or indebtedness indebtedness, with a balance in excess of $50,000.00, of Borrower or any guarantor of Borrower to any third parties so that the holder of such obligation or indebtedness declares such obligation or indebtedness due prior to its date of maturity;

Appears in 1 contract

Samples: Loan, Security and Service Agreement (TFC Enterprises Inc)

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