Common use of Advances After Certain Events Clause in Contracts

Advances After Certain Events. All advances, renewals and credits made or granted by the Lenders purportedly to or for the Borrower after the bankruptcy or insolvency of the Borrower, but before the Agent or the Lenders have received notice thereof, shall be deemed to form part of the Obligations, and all advances, renewals and credits obtained from the Lenders purportedly by or on behalf of the Borrower shall be deemed to form part of the Obligations, notwithstanding any lack or limitation of power, incapacity or disability of the Borrower or of the directors or agents thereof and notwithstanding that the Borrower may not be a legal entity and notwithstanding any irregularity, defect or informality in the obtaining of such advances, renewals or credits. The Guarantor will indemnify the Agent and the Lenders for any such advance, renewal or credit that is not repaid to the Agent and the Lenders.

Advances After Certain Events. All advances, renewals and credits made or granted by the Lenders purportedly Lender to or for the Borrower under the Loan Agreement after the bankruptcy or insolvency of the Borrower, but before the Agent or the Lenders have Lender has received notice thereof, shall be deemed to form part of the Obligations, and all advances, renewals and credits obtained from the Lenders purportedly Lender by or on behalf of the Borrower under the Loan Agreement shall be deemed to form part of the Obligations, notwithstanding any lack or limitation of power, incapacity or disability of the Borrower or of the directors or agents thereof and notwithstanding that the Borrower may not be a legal entity and notwithstanding any irregularity, defect or informality in the obtaining of such advances, renewals or credits, whether or not the Lender has knowledge thereof. The Guarantor will indemnify the Agent and the Lenders Lender for any such advance, renewal or credit that is not repaid to the Agent and the LendersLender.

Advances After Certain Events. All advances, renewals and credits made or granted by the Lenders purportedly to or for the Borrower after the bankruptcy or insolvency of the Borrower, but before the Agent or the Lenders have received notice thereof, shall be deemed to form part of the Obligations, and all advances, renewals and credits obtained from the Lenders purportedly by or on behalf of the Borrower shall be deemed to form part of the Obligations, notwithstanding any lack or limitation of power, incapacity or disability of the Borrower or of the directors or agents thereof and notwithstanding that the Borrower may not be a legal entity and notwithstanding any irregularity, defect or informality in the obtaining of such advances, renewals or credits, whether or not the Lenders have knowledge thereof. The Guarantor will indemnify the Agent and the Lenders for any such advance, renewal or credit that is not repaid to the Agent and the Lenders.