Common use of Continuing Guaranty, etc Clause in Contracts

Continuing Guaranty, etc. This Guaranty shall continue in full force and effect until the Guaranteed Debt is indefeasibly paid in full, notwithstanding any EXHIBIT 2 extensions, modifications, renewals or indulgences with respect to, or substitutions for, the Guaranteed Debt. Notwithstanding the foregoing, this Guaranty shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Guaranteed Debt is rescinded or must otherwise be restored or returned by any Holder upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Company or any substantial part of its property, or otherwise, all as though such payments had not been made. No failure or delay on the part of any holder in exercising any right, power or privilege hereunder and no course of dealing between any Guarantor or any Holder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights, powers and remedies herein expressly provided are cumulative and not exclusive of any rights, powers or remedies which any Holder would otherwise have. No notice to or demand on any Guarantor in any case shall entitle any Guarantor to any other or future notice or demand in similar or other circumstances or constitute a waiver of the rights of any Holder to act in any circumstances without notice or demand. Credit may be granted or continued from time to time by the Holders to the Company without notice to or authorization from any Guarantor regardless of the Company's financial or other condition at the time of any such grant or continuation.

Appears in 2 contracts

Samples: Note Purchase Agreement (Hunt Manufacturing Co), Note Purchase Agreement (Hunt Corp)

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Continuing Guaranty, etc. This Parent Guaranty shall continue remain in full force and effect until the Guaranteed Debt is indefeasibly paid indefeasible payment in full, notwithstanding any EXHIBIT 2 extensions, modifications, renewals or indulgences with respect to, or substitutions for, full of all of the Guaranteed Debt. Notwithstanding the foregoing, this Guaranty shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Guaranteed Debt is rescinded or must otherwise be restored or returned by any Holder upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Company or any substantial part of its property, or otherwise, all as though such payments had not been made. No failure or delay on the part of any holder Agent, any Lender or any Interest Rate Hedge Provider in exercising any right, power or privilege hereunder and no course of dealing between the Parent Guarantor, any Guarantor other guarantor with respect to the Guaranteed Debt or any Holder part thereof, any Agent, any Lender or any Interest Rate Hedge Provider or the holder of any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights, powers and remedies herein expressly provided are cumulative and not exclusive of any rights, powers or remedies which any Holder Agent, any Lender or any Interest Rate Hedge Provider or the holder of any Note would otherwise have. No notice to or demand on any the Parent Guarantor in any case shall entitle any the Parent Guarantor to any other or future further notice or demand in similar or other circumstances or constitute a waiver of the rights of any Holder Agent, any Lender or any Interest Rate Hedge Provider or the holder of any Note to act in any circumstances without notice or demand. Credit may be granted or continued from time to time by the Holders any Lender or any Interest Rate Hedge Provider to the Company without notice to or authorization from any the Parent Guarantor regardless of the Company's financial or other condition at the time of any such grant or continuation. Neither any Agent, any Lender nor any Interest Rate Hedge Provider shall have any obligation to disclose or discuss with the Parent Guarantor its assessment of the financial condition of the Company.

Appears in 1 contract

Samples: Parent Guaranty (Jacor Communications Inc)

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Continuing Guaranty, etc. This Guaranty shall continue remain in full force and effect until the Guaranteed Debt is indefeasibly paid indefeasible payment in full, notwithstanding any EXHIBIT 2 extensions, modifications, renewals or indulgences with respect to, or substitutions for, full of all of the Guaranteed Debt. Notwithstanding the foregoing, this Guaranty shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Guaranteed Debt is rescinded or must otherwise be restored or returned by any Holder upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Company or any substantial part of its property, or otherwise, all as though such payments had not been made. No failure or delay on the part of the Agent, any holder Co-Agent, any Bank, any L/C Provider or any Interest Rate Provider in exercising any right, power or privilege hereunder and no course of dealing between any Guarantor Guarantor, the Agent, any Co-Agent, any Bank, any L/C Provider or any Holder Interest Rate Provider or the holder of any note shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights, powers and remedies herein expressly provided are cumulative and not exclusive of any rights, powers or remedies which the Agent, any Holder Co-Agent, any Bank, any L/C Provider or any Interest Rate Provider or the holder of any Note would otherwise have. No notice to or demand on any Guarantor in any case shall entitle any Guarantor to any other or future further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Agent, any Holder Co-Agent, any Bank, any L/C Provider or any Interest Rate Provider or the holder of any Note to act in any circumstances without notice or demand. Credit may be granted or continued from time to time by the Holders any Bank, any L/C Provider or any Interest Rate Provider to the Company without notice to or authorization from any Guarantor regardless of the Company's financial or other condition at the time of any such grant or continuation. Neither the Agent, any Co-Agent, any Bank, any L/C Provider nor any Interest Rate Provider shall have any obligation to disclose or discuss with any Guarantor its assessment of the financial condition of the Company.

Appears in 1 contract

Samples: Subsidiary Guaranty (Jacor Communications Inc)

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