Common use of Default by Third Party Clause in Contracts

Default by Third Party. So far as the Seller is aware, no other party to any agreement to which a Target Entity is a party is in default, or would be in default but for the requirements of notice or lapse of time, under that agreement, where such default will, or would reasonably be likely to, have a Material Adverse Effect on Stayz Group. Schedule 2 Warranties

Default by Third Party. So far as the Seller is aware, no other party to any agreement to which a Target Entity is a party is in default, or would be in default but for the requirements of notice or lapse of time, under that agreement, where such default will, or would reasonably be likely to, have a Material Adverse Effect on Stayz Group. Schedule 2 Warranties.