Common use of Acceleration of Parent Guaranty Clause in Contracts

Acceleration of Parent Guaranty. Each Parent Guarantor agrees that upon the occurrence of an Event of Default of the nature set forth in clauses (a) through (d) of Section 8.1.9, at a time when any of the Obligations of the Borrower and each other Obligor may not then be due and payable, then each Parent Guarantor agrees that it will pay to the Administrative Agent for the account of the Secured Parties forthwith the full amount which would be payable under the guaranty set forth in this Article IX by each Parent Guarantor if all such Obligations were then due and payable.

Acceleration of Parent Guaranty. Each The Parent Guarantor agrees that upon that, in the occurrence event of an Event of any Default of the nature set forth in clauses clause (a), (b) through or (dc) of Section 8.1.9, and if such event shall occur at a time when any of the Obligations of the Borrower and each other Obligor may not then be due and payable, then each the Parent Guarantor agrees that it will pay to the Administrative Agent for the account of the Secured Lender Parties forthwith the full amount which would be payable under the guaranty set forth in this Article IX by each the Parent Guarantor if all such Obligations were then due and payable.

Acceleration of Parent Guaranty. Each Parent Designated Guarantor agrees that upon the occurrence of an Event of Default of the nature set forth in clauses (a) through (d) of Section 8.1.9, at a time when any of the Obligations of the Borrower and each other Obligor may not then be due and payable, then each Parent Designated Guarantor agrees that it will pay to the Administrative Agent for the account of the Secured Parties forthwith the full amount which would be payable under the guaranty set forth in this Article IX by each Parent Designated Guarantor if all such Obligations were then due and payable.