Common use of Third Party Default Clause in Contracts

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

Appears in 2 contracts

Sources: Revolving and Term Loan Agreement (Seacoast Banking Corp of Florida), Loan Agreement (Southern Community Bancorp)

Third Party Default. If the Borrower shall suffer a material default in the performance of any material agreement with any Person other than the BankLender; or

Appears in 1 contract

Sources: Merger Agreement (Integrated Electrical Services Inc)

Third Party Default. If the Borrower shall suffer a material default in the performance of any material agreement with any Person person other than the Bank; or;

Appears in 1 contract

Sources: Term Loan Agreement (Galaxy Foods Co)