Acceleration of Guaranty. If an Event of Default of the nature set forth in Section 7.4 or 7.5 of the ----------- --- Credit Agreement with respect to the Borrower or any of its Subsidiaries shall occur and be continuing, all of the Obligations shall, as set forth in Article ------- VII of the Credit Agreement, be immediately due and payable, and, accordingly, --- the Guarantor shall be required to pay to the Administrative Agent, for the benefit of the Secured Parties, forthwith an amount equal to all of the Obligations.
Appears in 5 contracts
Samples: Guaranty Agreement (Fibernet Telecom Group Inc\), Subsidiary Guaranty Agreement (Fibernet Telecom Group Inc\), Subsidiary Guaranty Agreement (Fibernet Telecom Group Inc\)
Acceleration of Guaranty. If an Event of Default of the nature set forth in Section 7.4 or Section 7.5 of the ----------- --- Credit Agreement with respect to the Borrower or any of its Subsidiaries shall occur and be continuing, all of the Obligations shall, as set forth in Article ------- VII Section 7.16 of the Credit Agreement, be immediately due and payable, and, accordingly, --- the each Guarantor shall be required to pay pay, jointly and severally, as principal obligor and not as Guarantor only, to the Administrative Agent, for the benefit of the Secured Parties, forthwith an amount equal to all of the Obligations.
Appears in 3 contracts
Samples: Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data, Inc.), Credit Agreement (Switch & Data Facilities Company, Inc.)
Acceleration of Guaranty. If an Event of Default of the nature set forth in Section 7.4 or 7.5 of the ----------- --- Credit Agreement with respect to the any Borrower or any other member of its Subsidiaries the Borrower Group shall occur and be continuing, all of the Obligations shall, as set forth in Article ------- VII of the Credit Agreement, be immediately due and ----------- payable, and, accordingly, --- the Guarantor shall be required to pay to the Administrative Agent, for the benefit of the Secured Parties, forthwith an amount equal to all of the Obligations.
Appears in 2 contracts
Samples: Subsidiary Guaranty Agreement (Fibernet Telecom Group Inc\), Parent Guaranty Agreement (Fibernet Telecom Group Inc\)
Acceleration of Guaranty. If an Event of Default of the nature set forth in Section 7.4 or 7.5 of the ----------- --- Credit Agreement with respect to the any Borrower or any member of its Subsidiaries the Borrower Group shall occur and be continuing, all of the Obligations shall, as set forth in Article ------- VII of the Credit Agreement, be immediately due and payable, and, ----------- accordingly, --- the Guarantor shall be required to pay to the Administrative Agent, for the benefit of the Secured Parties, forthwith an amount equal to all of the Obligations.
Appears in 2 contracts
Samples: Subsidiary Guaranty Agreement (Fibernet Telecom Group Inc\), Subsidiary Guaranty Agreement (Fibernet Telecom Group Inc\)
