Common use of Bankruptcy of Borrower Clause in Contracts

Bankruptcy of Borrower. Notwithstanding any modification, discharge or extension of the Guaranteed Liabilities, the Note or the other Obligations, the termination or modification of the Note or any of the Loan Documents as a result of the rejection or disaffirmance thereof by any trustee, receiver, liquidator, agent or other representative of Borrower or any amendment, modification, stay or cure of Lender’s rights which may occur in any bankruptcy, insolvency, reorganization, liquidation, dissolution or similar case or proceeding concerning Borrower whether permanent or temporary, and whether assented to by Lender, Guarantor hereby agrees that it shall be obligated hereunder to pay and perform the Guaranteed Liabilities and discharge its other obligations in accordance with the terms of the Guaranteed Liabilities and the terms of this Guaranty in effect on the date hereof. Guarantor understands and acknowledges that by virtue of this Guaranty, it has specifically assumed any and all risks of a bankruptcy or reorganization case or proceeding with respect to the Borrower. As an example and not in any way of limitation, a subsequent modification of the Obligations, the Note or the other Obligations, in any reorganization case concerning Borrower shall not affect the obligation of Guarantor to pay and perform the Guaranteed Liabilities in accordance with their original terms.

Bankruptcy of Borrower. Notwithstanding any modification, discharge discharge, or extension of the Indebtedness Hereby Guaranteed Liabilities, the Note or the other Obligations, the termination or modification of the Note or any of the Loan Documents as a result of the rejection or disaffirmance thereof by any trustee, receiver, liquidator, agent or other representative of Borrower or any amendment, modification, stay or cure of the Lender’s 's rights under the Notes, or other Loan Documents which may occur in any bankruptcy, insolvency, reorganization, liquidation, dissolution bankruptcy or similar reorganization case or proceeding concerning Borrower affecting the Borrower, whether permanent or temporary, and whether or not assented to by the Lender, the Guarantor hereby agrees that it shall be obligated hereunder to pay and perform the Indebtedness Hereby Guaranteed Liabilities and discharge its the other obligations Obligations in accordance with the terms of the Guaranteed Liabilities Notes, and other Loan Documents and the terms of this Guaranty as in effect on the date hereof. Guarantor understands and acknowledges that by virtue of this Guaranty, Guaranty it has specifically assumed any and all risks of a bankruptcy or reorganization case or proceeding with respect to affecting the Borrower. As ; and, as an example and not in any by way of limitation, a subsequent modification of the Obligations, the Note or the other Obligations, Notes in any reorganization case concerning the Borrower shall not affect the obligation of the Guarantor to pay the indebtedness evidenced by the Note and perform the all other Indebtedness Hereby Guaranteed Liabilities in accordance with their its original terms.

Bankruptcy of Borrower. Notwithstanding any modification, discharge discharge, or extension of the Indebtedness Hereby Guaranteed Liabilities, the Note or the other Obligations, the termination or modification of the Note or any of the Loan Documents as a result of the rejection or disaffirmance thereof by any trustee, receiver, liquidator, agent or other representative of Borrower or any amendment, modification, stay or cure of the Lender’s rights under the Notes, or other Loan Documents which may occur in any bankruptcy, insolvency, reorganization, liquidation, dissolution bankruptcy or similar reorganization case or proceeding concerning Borrower affecting the Borrower, whether permanent or temporary, and whether or not assented to by the Lender, the Guarantor hereby agrees that it shall be obligated hereunder to pay and perform the Indebtedness Hereby Guaranteed Liabilities and discharge its the other obligations Obligations in accordance with the terms of the Guaranteed Liabilities Notes, and other Loan Documents and the terms of this Guaranty as in effect on the date hereof. Guarantor understands and acknowledges that by virtue of this Guaranty, Guaranty it has specifically assumed any and all risks of a bankruptcy or reorganization case or proceeding with respect to affecting the Borrower. As ; and, as an example and not in any by way of limitation, a subsequent modification of the Obligations, the Note or the other Obligations, Notes in any reorganization case concerning the Borrower shall not affect the obligation of the Guarantor to pay the indebtedness evidenced by the Note and perform the all other Indebtedness Hereby Guaranteed Liabilities in accordance with their its original terms.