Third Party Defaults. Borrower shall immediately give Lender written notice of any default by Borrower under any obligation to any person other than Lender, if such default involves nonpayment or liability of $100,000.00 or more.
Appears in 3 contracts
Sources: Construction Line of Credit Loan Agreement (Newmark Homes Corp), Lot Acquisition Loan Agreement (Newmark Homes Corp), Lot Acquisition Loan Agreement (Newmark Homes Corp)