Common use of Acceleration of Guaranty Clause in Contracts

Acceleration of Guaranty. The Guarantor agrees that, in the event of the occurrence of an Event of Default described under Section 8.1.9 of the Credit Agreement with respect to either Borrower, and if such Event of Default shall occur at a time when any of the Obligations of any Obligor may not then be due and payable, the Guarantor agrees that it shall pay to the Administrative Agent for the account of the Secured Parties forthwith the full amount which would be payable hereunder by the Guarantor if all such Obligations were then due and payable.

Appears in 3 contracts

Samples: Superholdco Guaranty (AMH Holdings, Inc.), Superholdco Guaranty (Associated Materials Inc), Superholdco Guaranty (AMH Holdings, Inc.)

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Acceleration of Guaranty. The Each Guarantor agrees that, in the event of the occurrence of an any Event of Default described under Section 8.1.9 12.1.4 of the Amended and Restated Credit Agreement with respect to either BorrowerAgreement, and if such Event of Default event shall occur at a time when any of the Guaranteed Obligations of any Obligor may are not then be due and payable, the such Guarantor agrees that it shall pay to the Administrative Agent for the account of the Administrative Agent and the other Secured Parties forthwith the full amount which would be payable hereunder by the such Guarantor if all such Guaranteed Obligations were then due and payable.

Appears in 2 contracts

Samples: Guaranty (Hollinger International Inc), Guaranty (Hollinger International Inc)

Acceleration of Guaranty. The Each Guarantor agrees that, in the event of the occurrence of an Event of Default described under Section 8.1.9 of the Credit Agreement with respect to either BorrowerAgreement, and if such Event of Default shall occur at a time when any of the Obligations of any Obligor may not then be due and payable, the such Guarantor agrees that it shall pay to the Administrative Agent for the account of the Secured Parties forthwith the full amount which would be payable hereunder by the such Guarantor if all such Obligations were then due and payable.

Appears in 2 contracts

Samples: AMH Holdings, Inc., Associated Materials Inc

Acceleration of Guaranty. The Guarantor agrees that, in the event of the occurrence of an any Event of Default described under Section 8.1.9 9.6 of the Credit Agreement with respect to either BorrowerAgreement, and if such Event of Default event shall occur at a time when any of the Guaranteed Obligations of any Obligor may are not then be due and payable, the Guarantor agrees that it shall pay to the Administrative Agent for the account of the Secured Parties Administrative Agent and the Tranche A Lenders forthwith the full amount which would be payable hereunder by the Guarantor if all such Obligations obligations were then due and payable.

Appears in 1 contract

Samples: Vitro Sa De Cv

Acceleration of Guaranty. The Each Guarantor agrees that, in the event of the occurrence of an any Event of Default described under Section 8.1.9 of the Credit Agreement with respect to either Borrower12.1.4, and if such Event of Default event shall occur at a time when any of the its Guaranteed Obligations of any Obligor may are not then be due and payable, the such Guarantor agrees that it shall pay to the Administrative Agent for the account of the Administrative Agent and the other Secured Parties forthwith the full amount which would be payable hereunder by the such Guarantor if all such its Guaranteed Obligations were then due and payable.

Appears in 1 contract

Samples: Credit Agreement (Hollinger International Inc)

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Acceleration of Guaranty. The Guarantor agrees that, in the event of that upon the occurrence of an any Event of Default described under of the type set forth in Section 8.1.9 of with regard to the Credit Agreement with respect to either Borrower, and if such Event of Default shall occur Borrower at a time when any of the Obligations of any Obligor the Borrower may not then be due and payable, the Guarantor agrees that it shall will pay to the Administrative Agent for the account of the Secured Parties Lenders forthwith the full amount which would be payable hereunder by the Guarantor if all such Obligations were then due and payable.

Appears in 1 contract

Samples: Credit Agreement (Kirkwood Acquisition Corp)

Acceleration of Guaranty. The Each Guarantor hereby jointly and severally agrees that, in the event of the occurrence of an Event of Default described under Section 8.1.9 of the Credit Agreement with respect to either BorrowerAgreement, and if such Event of Default shall occur at a time when any of the Obligations of any Obligor may not then be due and payable, the each Guarantor jointly and severally agrees that it shall will pay to the Administrative Agent (for the account benefit of the Secured Parties Parties) forthwith the full amount which would be payable hereunder by the each Guarantor if all such Obligations were then due and payable.

Appears in 1 contract

Samples: Security Agreement (Titan Corp)

Acceleration of Guaranty. The Each Guarantor agrees that, in the event of the occurrence of an any Event of Default described under Section 8.1.9 9.6 of the Credit Agreement with respect to either Borroweror any Event of Default under Section 5.3 hereof, and if such Event of Default event shall occur at a time when any of the Guaranteed Obligations of any Obligor may are not then be due and payable, the Guarantor agrees that it Guarantors shall pay to the Administrative Agent for the account of the Secured Parties Administrative Agent and the Tranche B Lenders forthwith the full amount which would be payable hereunder by the Guarantor Guarantors if all such Obligations obligations were then due and payable.

Appears in 1 contract

Samples: Libbey and Libbey Glass Guaranty (Libbey Inc)

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