Default to Third Party. The occurrence of any event which results in the acceleration of the maturity of any indebtedness amounting in the aggregate to $5,000,000 or more owing by Pledgor or any Obligated Party to any third party under any agreement or undertaking; or
Appears in 1 contract
Sources: Pledge Agreement (R&b Falcon Corp)
Default to Third Party. The occurrence of any event which results in permits the acceleration of the maturity of any indebtedness amounting in the aggregate to excess of $5,000,000 or more 50,000.00 owing by Pledgor or any Obligated Party of the Obligors to any third party under any agreement or undertaking; or.
Appears in 1 contract
Sources: Revolving Account Transfer and Purchase Agreement (Oryx Technology Corp)