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

Default in Favor of Third Parties. Should Borrower or any Grantor 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 the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued)

Appears in 1 contract

Samples: Business Loan Agreement (Laserscope)

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Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, 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 the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Business Loan Agreement (Usa Net Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or of person that may materially affect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Business Loan Agreement (Direct Focus Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor 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 the Real Property or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Agreement Mortgage or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued)Failure of Grantor to make any payment when due relating to the Real Property, or any other act of default under this Mortgage, the Note, the Loan Agreement, or other Related Documents.

Appears in 1 contract

Samples: www.minotnd.gov

Default in Favor of Third Parties. Should Borrower or any Grantor 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 the Real Property or any Grantor's ’s ability to repay the Loans or perform their respective obligations under this Agreement Mortgage or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued)Failure of Grantor to make any payment when due relating to the Real Property, or any other act of default under this Mortgage, the Note, the Business Incentive Agreement, or other Related Documents.

Appears in 1 contract

Samples: www.minotnd.org

Default in Favor of Third Parties. Should Borrower or any Grantor 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 the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued)other

Appears in 1 contract

Samples: Commercial Security Agreement (American Stone Industries Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor 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 the Loans Loan or perform their perforx xxxxx respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Dawson Production Services Inc

Default in Favor of Third Parties. Should Borrower or any Grantor 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 the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Rexall Sundown Inc

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, 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 the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Security Agreement (Pods Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or sales sates 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 the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Stearns & Lehman Inc

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Default in Favor of Third Parties. Should Borrower Grantor or any Grantor 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 Grantor`s property or Borrower's Grantor`s or any Grantor's Grantor`s ability to repay the Loans Indebtedness or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Trimedia Entertainment Group Inc

Default in Favor of Third Parties. Should Borrower or any Grantor 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 Borrower's- property, or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Security Agreement (Astropower Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor default under any loan, extension of credit, security agreement, purchase or of 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 of Borrxxxx'x xr any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Loan Agreement (T&w Financial Corp)

Default in Favor of Third Parties. Should Borrower or any Grantor 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 effect any of Borrower's property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Business Loan Agreement (Back Yard Burgers Inc)

Default in Favor of Third Parties. Should Borrower or any Grantor 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 Borrower property or Borrower's or any Grantor's ability to repay the Loans or perform their respective obligations under this Agreement or any of the Related Documents. AMENDED AND RESTATED BUSINESS LOAN AGREEMENT (Continued).

Appears in 1 contract

Samples: Revolving Credit Agreement (Leap Group Inc)

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