Common use of Other Default Clause in Contracts

Other Default. Any material default shall occur under any other agreement pertaining to the borrowing of money or the advance of credit to which Borrower may be a part as borrower, if that default gives to the holder of the obligations concerned the right to accelerate the indebtedness;

Other Default. Any material default shall occur under any other agreement pertaining to the borrowing of money or the advance of credit to which Borrower may be a part party as borrower, if that default gives to the holder of the obligations obligation concerned the right to accelerate the indebtedness;