Common use of Default to Third Party Clause in Contracts

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Debtor to any third party under any agreement or undertaking, including, without limitation, KBK.

Default to Third Party. The occurrence of any event which permits the acceleration of the maturity of any indebtedness owing by Debtor any of the Obligors to any third party under any agreement or undertakingparty, including, without limitation, KBK, under any agreement or undertaking.