Common use of Character of Obligations of Guarantor Clause in Contracts

Character of Obligations of Guarantor. Subject to the provisions of Section 8 hereof, the obligations of Guarantor set forth in this Guaranty shall remain in full force and effect until payment of the Guaranteed Obligations in full, and shall not be released, discharged or in any way affected by any of the following: (a) any amendment, modification, addition, deletion or supplement to or of or other change in the Guaranteed Obligations or any of the Leases; (b) any failure, omission or delay on the part of Lessee to conform or comply with any term of any of the Leases; (c) any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation, dissolution, winding up or similar proceeding with respect to Lessee; or (d) any merger or consolidation of Lessee or Guarantor into or with any other corporation, or any other corporate change in Lessee or Guarantor, or any sale, lease or transfer of any of the assets of Lessee or Guarantor to any other person, or any change in the ownership of any shares of capital stock of Lessee or Guarantor.

Appears in 2 contracts

Samples: Lease Assumption and Option Agreement (Air Transport Services Group, Inc.), Lease Assumption and Option Agreement (Air Transport Services Group, Inc.)

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Character of Obligations of Guarantor. Subject to the provisions of Section 8 hereof, the obligations of Guarantor set forth in this Guaranty shall remain in full force and effect until payment of the Guaranteed Obligations in full, and shall not be released, discharged or in any way affected by any of the following: (a) any amendment, modification, addition, deletion or supplement to or of or other change in the Guaranteed Obligations or any of the Leases; (b) any failure, omission or delay on the part of Lessee Lessor to conform or comply with any term of any of the Leases; (c) any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation, dissolution, winding up or similar proceeding with respect to LesseeLessor; or (d) any merger or consolidation of Lessee Lessor or Guarantor into or with any other corporation, or any other corporate change in Lessee Lessor or Guarantor, or any sale, lease or transfer of any of the assets of Lessee Lessor or Guarantor to any other person, or any change in the ownership of any shares of capital stock of Lessee Lessor or Guarantor.

Appears in 2 contracts

Samples: Air Transportation Services Agreement (Air Transport Services Group, Inc.), Air Transportation Services Agreement (Air Transport Services Group, Inc.)

Character of Obligations of Guarantor. Subject to the provisions of Section 8 hereof, the obligations of Guarantor set forth in this Guaranty shall will remain in full force and effect until payment of the Guaranteed Obligations in full, and shall will not be released, discharged or in any way affected by any of the following: (a) any amendment, modification, addition, deletion or supplement to or of or other change in the Guaranteed Obligations or any of the LeasesAgreement; (b) any failure, omission or delay on the part of Lessee Lessor to conform or comply with any term of any of the LeasesAgreement; (c) any assignment, in whole or in part, of the Agreement by Lessor to any third party; (d) any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation, dissolution, winding up or similar proceeding with respect to LesseeLessor; or (de) any merger or consolidation of Lessee Lessor or Guarantor into or with any other corporation, or any other corporate change in Lessee Lessor or Guarantor, or any sale, lease or transfer of any of the assets of Lessee Lessor or Guarantor to any other person, or any change in the ownership of any shares of capital stock of Lessee Lessor or Guarantor.

Appears in 1 contract

Samples: Air Transportation Services Agreement (Air Transport Services Group, Inc.)

Character of Obligations of Guarantor. Subject to the provisions of Section 8 hereof, the The obligations of Guarantor set forth in this Guaranty shall remain in full force and effect until payment and performance of the Guaranteed Guarantied Obligations in full, and shall not be released, discharged or in any way affected by any of the following: (a) any amendment, modification, addition, deletion deletion, supplement or supplement renewal to or of or other change in the Guaranteed Guarantied Obligations or any of the LeasesHub Services Agreement; (b) any failure, omission or delay on the part of Lessee Groundco to conform or comply with any term of any of the LeasesHub Services Agreement; (c) any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation, dissolution, winding up or similar proceeding with respect to LesseeGroundco; or (d) any merger or consolidation of Lessee Groundco or Guarantor into or with any other corporation, or any other corporate change in Lessee Groundco or Guarantor, or any sale, lease or transfer of any of the assets of Lessee Groundco or Guarantor to any other person, or any change in the ownership of any shares of capital stock of Lessee Groundco or Guarantor.

Appears in 1 contract

Samples: Performance Guaranty (Abx Air Inc)

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Character of Obligations of Guarantor. Subject to the provisions of Section 8 hereof, the The obligations of Guarantor set forth in this Guaranty shall remain in full force and effect until payment and performance of the Guaranteed Guarantied Obligations in full, and shall not be released, discharged or in any way affected by any of the following: (a) any amendment, modification, addition, deletion deletion, supplement or supplement renewal to or of or other change in the Guaranteed Guarantied Obligations or any of the LeasesACMI Agreement; (b) any failure, omission or delay on the part of Lessee Groundco to conform or comply with any term of any of the LeasesACMI Agreement; (c) any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation, dissolution, winding up or similar proceeding with respect to LesseeGroundco; or (d) any merger or consolidation of Lessee Groundco or Guarantor into or with any other corporation, or any other corporate change in Lessee Groundco or Guarantor, or any sale, lease or transfer of any of the assets of Lessee Groundco or Guarantor to any other person, or any change in the ownership of any shares of capital stock of Lessee Groundco or Guarantor.

Appears in 1 contract

Samples: Performance Guaranty (Abx Air Inc)

Character of Obligations of Guarantor. Subject to the provisions of Section 8 hereof, the obligations of Guarantor set forth in this Guaranty shall remain in full force and effect until payment of the Guaranteed Obligations in full, and shall not be released, discharged or in any way affected by any of the following: (a) any amendment, modification, addition, deletion or supplement to or of or other change in the Guaranteed Obligations or any of the LeasesAgreement; (b) any failure, omission or delay on the part of Lessee to conform or comply with any term of any of the LeasesAgreement; (c) any assignment, in whole or in part, of the Agreement by Lessee to any third party; (d) any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation, dissolution, winding up or similar proceeding with respect to Lessee; or (de) any merger or consolidation of Lessee or Guarantor into or with any other corporation, or any other corporate change in Lessee or Guarantor, or any sale, lease or transfer of any of the assets of Lessee or Guarantor to any other person, or any change in the ownership of any shares of capital stock of Lessee or Guarantor.

Appears in 1 contract

Samples: Air Transportation Services Agreement (Air Transport Services Group, Inc.)

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