Default Under Other Contracts. Each Merchant represents, warrants, and covenants that its execution of and/or performance under this Agreement will not cause or create an event of default by any Merchant under any contract with another person or entity.
Default Under Other Contracts. Merchant's execution of and/or performance under this Agreement will not cause or create an event of default by Merchant under any contract with another person or entity. III.
Default Under Other Contracts. Borrower's under the United States code or an involuntary Security Agreement and Guaranty or as otherwise execution of or performance under this Agreement petition for bankruptcy has been brought or is pending operating to reduce or limit SFSI's rights or remedies will not cause or create an event of default by against Borrower or any Owner/Guarantor; or (l) provided for hereunder, under the Security Agreement Borrower under any contract with another person or Borrower or Owner/Guarantor defaults under any of and Guaranty or at law or in equity.
Default Under Other Contracts. Xxxxxxxx’s execution of or performance under this Agreement will not cause or create any breach or default by Merchant under any contract with another person or entity.
Default Under Other Contracts. Assignor shall be in default with respect to any normal and customary covenants under any contract or agreement to which it is a party (which covenants include, but are not limited to, an Act of Insolvency of Assignor or the failure of Assignor to make required payments under such contract or agreement as they become due) which default permits acceleration of the obligations of Assignor under such contract or agreement by any other party thereto and which default, in the reasonable judgment of MLMCI, is likely to result in a Material Adverse Change.
Default Under Other Contracts. The Borrowing Corporation will comply and perform all covenants, terms and conditions of all other contracts which create a lien in favor of the BANK upon the property or properties that guarantee this credit facility and will notify the BANK of any omission or breach related thereto. It will also notify of any other material or substantial breach of any other contract with any other financial institution or government agency.
Default Under Other Contracts. Seller’s execution of and/or performance under this Agreement will not cause or create an event of default by Seller under any contract with another person or entity.
Default Under Other Contracts. Borrower shall be in default with respect to any normal and customary covenants under any contract or agreement to which it is a party (which covenants include, but are not limited to, an Act of Insolvency of Borrower or the failure of Borrower to make required payments under such contract or agreement as they become due) which default permits acceleration of the obligations of Borrower under such contract or agreement by any other party thereto and which default, in the reasonable judgment of SBRC, is likely to result in a Material Adverse Change with respect to Borrower or Onyx.
Default Under Other Contracts. Assignor shall be in default with respect to any normal and customary covenants under any contract or agreement to which it is a party and which obligates it to pay indebtedness of at least $5,000,000 (which covenants include, but are not limited to, an Act of Insolvency of Assignor or the failure of Assignor to make required payments under such contract or agreement as they become due) which default permits acceleration of the obligations of Assignor under such contract or agreement by any other party thereto and which default, in the reasonable judgment of MLMCI, might result in a material adverse change in the business, operations, properties, prospects or condition (financial or otherwise) of Assignor.
Default Under Other Contracts. Allow to occur, or to continue unremedied, any act, event or condition which constitutes an event of default, or which, with the passage of time or giving of notice, or both, would constitute an event of default under, any agreement, document or instrument to which Borrower or the Bank is a party or by which Borrower or the Bank may be bound where such event of default could have a material adverse effect on Borrower or the Bank.
