Common use of Default in Favor of Third Parties Clause in Contracts

Default in Favor of Third Parties. Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s property or ability to perform Grantor’s obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s 's property or ability to perform Grantor’s 's obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower’s or Grantor’s property or ability to perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor’s 's property or ▇▇▇▇▇▇▇▇'s or any Grantor's ability to repay the Loans or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor’s 's property or Borrower's or any Grantor's ability to repay the Loan or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower’s or any Grantor’s 's property or Borrower's or any Grantor's ability to repay the Loan or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults defaults, which default has not been waived or cured, under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor’s 's property or Borrower's or any Grantor's ability to repay the Loans or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s 's property or ability to perform Grantor’s 's obligations under this Agreement Assignment or any of the Related Documents.

Default in Favor of Third Parties. In the event that Grantor defaults under any loan, extension of credit, security agreement, purchase or sales and sale agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s property assets or Grantor’s ability to repay the Note or perform Grantor’s its respective obligations under this Agreement or any of the Related Documents.Security Agreement;

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, . in favor of any other creditor or person that may materially affect any of Borrower’s or any Grantor’s property or Borrower’s or any Grantor’s ability to repay the Loans or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. In the event that Grantor defaults under any loan, extension of credit, security agreement, purchase or sales and sale agreement, or any other agreement, in favor of any other creditor or person that may materially affect constitutes an event of default under such agreement or results in the acceleration of any payment under such agreement or termination of such agreement if such default, together with any other defaults and unsatisfied final judgments of Grantor’s property or ability to perform Grantor’s , results in obligations under this Agreement or any of the Related Documents.Company in excess of an aggregate amount equal to $100,000;

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase purchase, or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor’s 's property or Borrower's or any Grantor's ability to repay the Loans or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of or any other creditor or person that may materially affect any of Borrower’s or any Grantor’s property or Borrower’s or any Grantor’s ability to repay the Loans or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Should Grantor defaults default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s 's property or Grantor's ability to repay the Note or Grantor's ability to perform Grantor’s 's obligations under this Agreement Mortgage or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect effect any of GrantorBorrower’s property or Borrower’s ability to repay this Note or perform GrantorBorrower’s obligations under this Agreement Note or any of the Related Documentsrelated documents.

Default in Favor of Third Parties. Should Grantor defaults or any Grantor default under any loan, extension of credit., security agreement, purchase or sales agreement, or any other agreement, agreement in favor of any other creditor or person that may materially affect any of Grantor’s 's property or Grantor's or any Grantor's ability to repay the Indebtedness or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Should Grantor defaults default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s 's property or Grantor's ability to repay the Indebtedness or Grantor's ability to perform Grantor’s 's obligations under this Agreement Mortgage or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor’s 's property or Borrower's or any Grantor's ability to perform Grantor’s repay the Loans or performs their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of any Grantor’s 's property or ability to perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Should Grantor defaults or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s property of Grantor’s or any Grantor’s ability to repay the Indebtedness or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, agreement purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower's or any Grantor’s 's property or Borrower's or any Grantor's ability to repay the loans or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Borrower or any Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, agreement or any other agreement, in favor of any other creditor or person that may materially affect any of Borrower’s or any Grantor’s property or Borrower’s or any Grantor’s ability to repay the Loans or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Should Grantor defaults or any Grantor default under any loan, extension of credit, security agreement, purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s property or Grantor’s or any Grantor’s ability to repay the Indebtedness or perform Grantor’s their respective obligations under this Agreement or any of the Related Documents.

Default in Favor of Third Parties. Grantor defaults under any loan, extension of credit, security agreement, purchase or sales agreement, or <PAGE> any other agreement, in favor of any other creditor or person that may materially affect any of Grantor’s 's property or ability to perform Grantor’s obligations under this Agreement or any of the Related Documents.