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

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's property or Borrower's ability to repay this Note or perform Borrower's obligations under this Note or any of the related documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's property or Borrower's ability to repay this Note or perform Borrower's obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Should Borrower or any Grantor defaults 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 Borrower's property or Borrower's or any Grantor's ability to repay this Note the Indebtedness or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Should Borrower or any Grantor defaults 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 Borrower's property or Borrower's or any Grantor's ability to repay this Note the indebtedness or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay this Note the Loan or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Should Borrower or any Grantor defaults 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 Borrower's property of Borrower's or Borrowerany Grantor's ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Should Borrower or any Grantor defaults default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, agreement in favor of any other creditor or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Should Borrower or any Grantor defaults default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor credit or person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Should Borrower or any Grantor defaults 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 Borrower's property or Grantor's financial condition, operations or assets or Borrower's or Grantor's ability to repay this Note the Indebtedness or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Should Borrower or any Grantor defaults 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 Borrower's property or BorrowerBorrowers' or any Grantor's ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's Borrower`s or any Grantor`s property or Borrower's Borrower`s or any Grantor`s ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 BorrowerBorrower or any Grantor's property or Borrower's or any Grantor's ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's or any Grantor's property of Borrower's or Borrowerany Grantor's ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay this Note the Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Document.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's or any Grantor's property or Borrower's or any Grantor's ability to repay this Note the BUSINESS LOAN AGREEMENT Loan No. 22228891Note 201 (Continued) Page 9 ================================================================================ Loans or perform Borrower's their respective obligations under this Note Agreement or any of the related documentsRelated Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults 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 Borrower's property or Borrower's ability to repay this Note or perform Borrower's obligations under this Note note or any of the related documents.