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(e), 12.1(f), 12.1(g), or 12.1(h); (ii) any pension default event such as described in Section 12.1(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, or any default or event of default by such Third Party under any such agreement.
Appears in 3 contracts
Sources: Loan and Security Agreement (FFP Marketing Co Inc), Loan and Security Agreement (FFP Partners L P), Loan and Security Agreement (FFP Partners L P)
Third Party Default. There shall occur with respect to any Third Party or any Consolidated Subsidiary, including, without limitation, any Guarantor guarantor or Consolidated Subsidiary (i) any event described in Section 12.1(e11.1(e), 12.1(f11.1(f), 12.1(g11.1(g), or 12.1(h11.1(h); (ii) any pension default event such as described in Section 12.1(i11.1(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, or any default or event of default by and such Third Party under any such agreementdefault remains unremedied within thirty (30) days of default.
Appears in 3 contracts
Sources: Loan and Security Agreement (Napco Security Systems Inc), Loan and Security Agreement (Napco Security Systems Inc), Loan and Security Agreement (Napco Security Systems Inc)