Common use of Continuing Enforcement Clause in Contracts

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the Notes, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 12 contracts

Samples: Guaranty Agreement (Medytox Solutions, Inc.), Guaranty Agreement (Medytox Solutions, Inc.), Guaranty Agreement (Pharmagen, Inc.)

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Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the NotesNote, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 5 contracts

Samples: Pledge Agreement (Revolutionary Concepts Inc), Guaranty Agreement (Hypertension Diagnostics Inc /Mn), Guaranty Agreement (Pharmagen, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender Buyer is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Buyer with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the NotesDebentures, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender Buyer may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 5 contracts

Samples: Guaranty Agreement (Rennova Health, Inc.), Guaranty Agreement (Medytox Solutions, Inc.), Security Agreement (Preferred Restaurant Brands, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilitiesthis Note, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty Note and the other Loan Documents shall continue in full force and effect or be reinstated, as the case may be, and Guarantor Borrower shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to to, the full amount so surrendered. The provisions of this Section shall survive the cancellation or termination of this Guaranty Note and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the Notes, this Guaranty or any other Loan Documentobligations evidenced hereby, the release of any security interest, lien or encumbrance securing the Liabilities this Note or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities obligations evidenced hereby having become final and irrevocable.

Appears in 4 contracts

Samples: Loan Agreement (FRP Holdings, Inc.), CNL Strategic Capital, LLC, CNL Strategic Capital, LLC

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor Guarantors shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, cancellation or conversion or redemption of the NotesLoan, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 4 contracts

Samples: Security Agreement (Drone USA Inc.), Guaranty Agreement (Sack Lunch Productions Inc.), Guaranty Agreement (Pulse Network, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender TCA is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender TCA with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion cancellation or redemption of the NotesDebentures, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance Encumbrance securing the Liabilities or any other action which Lender TCA may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 3 contracts

Samples: Guaranty Agreement (Aqualiv Technologies, Inc.), Guaranty Agreement (Aqualiv Technologies, Inc.), Guaranty Agreement (Dynamic Ventures Corp.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, cancellation or conversion or redemption of the NotesLoan, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 3 contracts

Samples: Guaranty Agreement (SRAX, Inc.), Guaranty Agreement (Mint Leasing Inc), Guaranty Agreement (Mint Leasing Inc)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender Buyer is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Buyer with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, conversion or redemption of the NotesDebentures, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender Buyer may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 3 contracts

Samples: Guaranty Agreement (Mota Group, Inc.), Guaranty Agreement (Star Mountain Resources, Inc.), Guaranty Agreement (SurePure, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesLoan, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty the Note and the other Loan Documents shall continue in full force and effect or be reinstated, as the case may be, and Guarantor Borrower shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to to, the full amount so surrendered. The provisions of this Section shall survive the cancellation or termination of the Note and this Guaranty Agreement, and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the Notes, this Guaranty or any other Loan Documentobligations evidenced hereby, the release of any security interest, lien or encumbrance securing the Liabilities Note or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities obligations evidenced hereby having become final and irrevocable.

Appears in 3 contracts

Samples: Loan Agreement (CNL Strategic Capital, LLC), Loan Agreement (CNL Strategic Capital, LLC), Loan Agreement (CNL Strategic Capital, LLC)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender TCA is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and each Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender TCA with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion cancellation or redemption of the NotesDebenture, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance Encumbrance securing the Liabilities or any other action which Lender TCA may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 2 contracts

Samples: Guaranty Agreement (Cyclone Power Technologies Inc), Guaranty Agreement (POSITIVEID Corp)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender Buyer is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and each Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Buyer with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, conversion or redemption of the NotesDebentures, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender Buyer may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 2 contracts

Samples: Guaranty Agreement (Pacific Ventures Group, Inc.), Guaranty Agreement (Inventergy Global, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender Agent is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Restated Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Agent and Lenders with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Restated Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption cancellation of the NotesNote, this Restated Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities Liabilities, if any, or any other action which Lender Agent may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 2 contracts

Samples: Guaranty Agreement (Avatar Holdings Inc), Guaranty Agreement (Avatar Holdings Inc)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilitiesthis Note, Lender Bank is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty Note and the other Loan Documents shall continue in full force and effect or be reinstated, as the case may be, and Guarantor Borrower shall be liable for, and shall indemnify, defend and hold harmless Lender Bank with respect to to, the full amount so surrendered. The provisions of this Section shall survive the cancellation or termination of this Guaranty Note and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the Notes, this Guaranty or any other Loan Documentobligations evidenced hereby, the release of any security interest, lien or encumbrance securing the Liabilities this Note or any other action which Lender Bank may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities obligations evidenced hereby having become final and irrevocable.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Sonesta International Hotels Corp), Construction Loan Agreement (Arvida JMB Partners L P)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender TCA is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender TCA with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the NotesNote, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender TCA may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Progressive Care Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender Agent is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Agent and Lenders with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption cancellation of the NotesNote, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities Liabilities, if any, or any other action which Lender Agent may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Avatar Holdings Inc)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption cancellation of the Notes, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Comstock Homebuilding Companies, Inc.)

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Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender Buyers is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Buyers with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion cancellation or redemption of the Notes, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance Encumbrance securing the Liabilities or any other action which Lender Buyers may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Commercetel Corp)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender a Buyer is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and each Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender such Buyer with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, conversion or redemption of the NotesDebentures, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender Buyers may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (LifeMD, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender Buyer is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor Guarantors shall be liable for, and shall indemnify, defend and hold harmless Lender Buyer with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, conversion or redemption of the NotesNote, this Guaranty or any other Loan DocumentTransaction Agreement, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender Buyer may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Jupiter Wellness, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender Bank is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Bank with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption cancellation of the NotesNote, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender Bank may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Construction Loan Agreement (Arvida JMB Partners L P)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender TCA is compelled or reasonably agrees, for settlement purposespurposes , to surrender such payment to any person or entity for any reason (including, without limitationlimitation , a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstatedreinstated , as the case may be, and each Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender TCA with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion cancellation or redemption of the NotesNote, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance Encumbrance securing the Liabilities or any other action which Lender TCA may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Millennium Healthcare Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender Buyer is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor Guarantors shall be liable for, and shall indemnify, defend and hold harmless Lender Buyer with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, conversion or redemption of the NotesDebentures, this Guaranty or any other Loan Transaction Document, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender Buyer may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Fat Brands, Inc)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender is the Lenders are compelled or reasonably agreesagree, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender the Lenders with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption cancellation of the Notes, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender the Lenders may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.. [Signature Page Follows]

Appears in 1 contract

Samples: Guaranty Agreement (Igi Inc)

Continuing Enforcement. If, after receipt of any payment of all or any part of the LiabilitiesObligations, Lender Buyer is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender Buyer with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the LiabilitiesObligations, the cancellation, conversion or redemption of the NotesNote, this Guaranty or any other Loan DocumentTransaction Agreement, the release of any security interest, lien or encumbrance securing the Liabilities Obligations or any other action which Lender Buyer may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities Obligations having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Jupiter Wellness, Inc.)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender is compelled or reasonably agreesagrees in good faith, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption of the NotesNote, this Guaranty or any other Loan Document, the release of any security interest, lien or encumbrance securing the Liabilities or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (RiceBran Technologies)

Continuing Enforcement. If, after receipt of any payment of all or any part of the Liabilities, Lender is compelled or reasonably agrees, for settlement purposes, to surrender such payment to any person or entity for any reason (including, without limitation, a determination that such payment is void or voidable as a preference or fraudulent conveyance, an impermissible setoff, or a diversion of trust funds), then this Guaranty shall continue in full force and effect or be reinstated, as the case may be, and Guarantor shall be liable for, and shall indemnify, defend and hold harmless Lender with respect to the full amount so surrendered. The provisions of this Section shall survive the termination of this Guaranty and shall remain effective notwithstanding the payment of the Liabilities, the cancellation, conversion or redemption cancellation of the Notes, this Guaranty or any other Loan Document, the termination, cancellation or expiration of the Credits, the release of any security interest, lien or encumbrance securing the Liabilities Liabilities, if any, or any other action which Lender may have taken in reliance upon its receipt of such payment. Any cancellation, release or other such action shall be deemed to have been conditioned upon any payment of the Liabilities having become final and irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Avatar Holdings Inc)

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