Common use of Default in Favor of Third Parties Clause in Contracts

Default in Favor of Third Parties. Should either Borrower or any Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of the Collateral, or the ability of either such Borrower or any such Guarantor to perform its obligations under this Agreement, or any Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periods.

Default in Favor of Third Parties. Should either Borrower or any Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of the Collateral, Borrower’s property or the ability of either such Borrower Borrower’s or any such Guarantor Guarantor’s ability to repay the Loans or perform its their respective obligations under this Agreement, Agreement or any of the Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periodsDocuments.

Default in Favor of Third Parties. Should either the Borrower or any the Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of the Collateral, or the ability of either such Borrower or any such Guarantor to perform its obligations under this Agreement, or any Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periods.

Default in Favor of Third Parties. Should either Borrower or any Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of the CollateralBorrower's property, or the any Guarantor's ability of either such Borrower or any such Guarantor to perform its their respective obligations under this Agreement, or any Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periodsIndebtedness.

Default in Favor of Third Parties. Should either the Borrower or any the Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any person, and such default shall have given rise to the acceleration of the Collateralpayment of an amount of $100,000.00 or more, or the ability of either such and Borrower or any such Guarantor to perform its obligations under this Agreement, or any Related Document, or pertaining to the Indebtedness and fail fails to cure same in accordance with any applicable cure periods.

Default in Favor of Third Parties. Should either Borrower or any Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of the Collateral, Borrower's property or the ability of either such Borrower Borrower's or any such Guarantor Guarantor's ability to repay the Loans or perform its their respective obligations under this Agreement, Agreement or any of the Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periodsDocuments.

Default in Favor of Third Parties. Should either Borrower or any Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of the Collateral, or the ability of either such Borrower or any such Guarantor to perform its obligations under this Agreement, or any Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periods.

Default in Favor of Third Parties. Should either Borrower or any Guarantor guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any property or other collateral directly or indirectly securing repayment of the Collateral, or the ability of either such Borrower or any such Guarantor to perform its obligations under this Agreement, or any Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periodsNote.

Default in Favor of Third Parties. Should either Borrower or any Guarantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of the CollateralBorrower’s property, or the any Guarantor’s ability of either such Borrower or any such Guarantor to perform its their respective obligations under this Agreement, or any Related Document, or pertaining to the Indebtedness and fail to cure same in accordance with any applicable cure periodsIndebtedness.