Third Party Default Sample Clauses

Third Party Default. There shall occur with respect to any Third Party or any Consolidated Subsidiary, including, without limitation, any guarantor or Consolidated Subsidiary (i) any event described in Section 12.1(d), 12.1(e), 12.1(f) or 12.1(g), (ii) any pension default event such as described in Section 12.1(h) with respect to any pension plan maintained by Third Party or such Consolidated Subsidiary, or (iii) any failure by Third Party or such Consolidated to perform in accordance with the terms of any agreement between such Third Party and Secured Party.
AutoNDA by SimpleDocs
Third Party Default. If the Borrower shall suffer a material default in the performance of any material agreement with any Person other than the Bank; or
Third Party Default. There shall occur with respect to any Third Party or any Consolidated Subsidiary, including, without limitation, any guarantor or Consolidated Subsidiary (i) any event described in Section 11.1(e), 11.1(f), 11.1(g), or 11.1(h); (ii) any pension default event such as described in Section 11.1(i) with respect to any pension plan maintained by such Third Party or such Consolidated Subsidiary; or (iii) any failure by Third Party or such Consolidated Subsidiary to perform in accordance with the terms of any agreement between such Third Party and Secured Party, and such Third Party default remains unremedied within thirty (30) days of default.
Third Party Default. CARRIER acknowledges that LOUP is acting as a licensed property broker, identifying and presenting business opportunities for CARRIER to provide freight transportation services. If, after CARRIER's provision of services hereunder, LOUP's customer (i.e., the third party) ultimately responsible for the applicable freight charges does not pay them, (a) LOUP may suspend payments to CARRIER in an amount equal to the outstanding freight charges, and (b) CARRIER at its sole cost and expense may proceed against LOUP's customer for the amount outstanding.
Third Party Default. CARRIER acknowledges that VEHI-SHIP is acting as a licensed property broker, identifying and presenting business opportunities for CARRIER to provide freight transportation services. If, after CARRIER's provision of services hereunder, VEHI-SHIP's customer (i.e., the third party) ultimately responsible for the applicable freight charges does not pay them, (a) VEHI-SHIP will not suspend payments to CARRIER in an amount equal to the outstanding freight charges.
Third Party Default. If the Company or any Subsidiary shall suffer a material default in the performance of any agreement with any Person other than the Bank; or
Third Party Default. If any Borrower shall suffer a default in the performance under:
AutoNDA by SimpleDocs
Third Party Default. If Borrower shall suffer a default in the performance under any agreement with any other Person, other than Lender where such default involves a contractual liability of Borrower in excess of $100,000.00 and such default is not cured within any applicable notice and cure period under such agreement;
Third Party Default. If any Borrower shall suffer a default in the performance under the SunTrust Loan Agreement or under any agreement with any other Person other than the Associations where such default involves a contractual liability of such Borrower in excess of $1,000,000.00;
Third Party Default. If the Applicant shall be declared in default by a third party in the performance of any agreement with any person other than the Bank with respect to any material indebtedness of the Applicant if the effect of such default is to accelerate the maturity of such indebtedness or at maturity (giving effect to any applicable grace periods) such indebtedness shall not be paid as and when due and payable unless
Time is Money Join Law Insider Premium to draft better contracts faster.