Common use of Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances Clause in Contracts

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers under the Loan Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and payable by a Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Borrower or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.

Appears in 2 contracts

Samples: Guaranty Agreement (ALTERRA CAPITAL HOLDINGS LTD), Guaranty Agreement (ALTERRA CAPITAL HOLDINGS LTD)

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Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s obligations under this Guaranty Section 12 shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been are terminated, no all Letters of Credit shall be outstanding have expired, and the principal of and interest on the Notes and all Obligations other amounts payable by the Borrowers Borrower under the this Agreement and all other Loan Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan Note or any L/C Reimbursement Obligation or any Obligation due and other amount payable by a the Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or of any guarantor, or otherwise, the each Guarantor’s obligations under this Guaranty Section 12 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (FTD Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s Vencor's obligations under this Guaranty Agreement constitute a continuing guaranty and shall remain in full force and effect until the Commitments Revolving Credit Exposure of the Lenders under the Credit Agreement each Lender shall have expired or been terminatedreduced to zero, no Letters of Credit the Designated Interest Rate Agreements shall be outstanding have been terminated and all Obligations amounts payable by the Borrowers Borrower under the Loan Financing Documents and Designated Interest Rate Agreements shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and amount payable by a the Borrower under the Loan Documents any Financing Document or Designated Interest Rate Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or otherwise, the Guarantor’s Vencor's obligations under this Guaranty Agreement with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Kindred Healthcare Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers Borrower under the Loan Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and payable by a the Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.

Appears in 1 contract

Samples: Guaranty Agreement (Tower Group International, Ltd.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s obligations under this Guaranty Section 13 shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been are terminated, no all Letters of Credit shall be outstanding have expired, and the principal of and interest on the Notes and all Obligations other amounts payable by the Borrowers Borrower and the Guarantors under the this Agreement and all other Loan Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan Note or any L/C Reimbursement Obligation or any Obligation due and other amount payable by a the Borrower or any Guarantor under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of a the Borrower or of any guarantor, or otherwise, the each Guarantor’s obligations under this Guaranty Section 13 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Gallagher Arthur J & Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s 's obligations under this Guaranty hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters terminated and the principal of Credit shall be outstanding and interest on the Loans and all Obligations other amounts payable by the Borrowers Borrower under the Loan Documents shall have been indefeasibly paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and other amount payable by a the Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or otherwise, the Guarantor’s 's obligations under this Guaranty hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Guaranteed Obligations payable by the Borrowers under the Loan Documents shall have been indefeasibly paid in full in cashand the portion of the Aggregate Commitment made available to the Additional Borrower shall have terminated or expired. If at any time any payment of the principal of or interest on any Loan the Notes of the Additional Borrower or any L/C Obligation or any Obligation due and other amount payable by a the Additional Borrower under the Loan Documents Credit Agreement, or by the Guarantor hereunder, is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Additional Borrower or otherwise, the Guarantor’s obligations under this Guaranty hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Guaranteed Obligations payable by the Borrowers under the Loan Documents shall have been paid in full in cashcash or until the Guarantor is released from its obligations hereunder pursuant to Section 12 below. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation other amount payable by Direct or any Obligation due and payable by a Borrower other party under the Credit Agreement, any Related Swap Agreement or any other Loan Documents Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Borrower Direct or otherwise, the Guarantor’s obligations under this Guaranty hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The obligations of the time Guarantor with respect to the immediately preceding sentence shall survive termination of such reinstatementthis Guaranty.

Appears in 1 contract

Samples: Term Loan Agreement (Global Payments Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s obligations under this Guaranty Section 13 shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been are terminated, no Letters and the principal of Credit shall be outstanding and interest on the Loans and all Obligations other amounts payable by the Borrowers Borrower and the Guarantors under the this Agreement and all other Loan Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation other amount payable by the Borrower or other obligor or any Obligation due and payable by a Borrower Guarantor under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of a the Borrower or other obligor or of any guarantor, or otherwise, the each Guarantor’s obligations under this Guaranty Section 13 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s 's obligations under this Guaranty Section 14 shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been are terminated, no all Letters of Credit shall be outstanding have expired, and the principal of and interest on the Notes and all Obligations other amounts payable by the Borrowers under the this Agreement and all other Loan Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan Note or any L/C Obligation or any Obligation due and other amount payable by a Borrower the Borrowers under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Borrower the Borrowers or of any guarantor, or otherwise, the each Guarantor’s 's obligations under this Guaranty Section 14 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Rohn Industries Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s obligations under this Guaranty Section 13 shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been are terminated, no Letters and the principal of Credit shall be outstanding and interest on the Loans and all Obligations other amounts payable by the Borrowers Borrower and the Guarantors under the this Agreement and all other Loan Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation other amount payable by the Borrower or other obligor or any Obligation due and payable by a Borrower Guarantor under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of a the Borrower or other obligor or of any guarantor, or otherwise, the each Guarantor’s obligations under this Guaranty Section 13 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatement.time. ​

Appears in 1 contract

Samples: Credit Agreement (Alpine Income Property Trust, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s 's obligations under this Guaranty hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters terminated and the principal of Credit shall be outstanding and interest on the Loans and all Obligations other amounts payable by the Borrowers Borrower under the Loan Documents shall have been indefeasibly paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and other amount payable by a the Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or otherwise, the each Guarantor’s 's obligations under this Guaranty hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Qwest Communications International Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Guaranteed Borrowers under the Loan Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C LC Obligation or any Obligation due and payable by a Guaranteed Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Guaranteed Borrower or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.

Appears in 1 contract

Samples: Credit Agreement (Axis Capital Holdings LTD)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s 's obligations under this Guaranty hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters terminated and the principal of Credit shall be outstanding and interest on the Notes and all Obligations other amounts payable by the Borrowers Borrower under the Loan Documents shall have been indefeasibly paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan Note or any L/C Obligation or any Obligation due and other amount payable by a the Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or otherwise, the each Guarantor’s 's obligations under this Guaranty hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Term Loan Agreement (Qwest Communications International Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The (i) Each of the Guarantor’s obligations under this Guaranty hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters terminated and the principal of Credit shall be outstanding and interest on the Loans and all Obligations other amounts payable hereunder by the Borrowers Guarantor and each Borrower under the Loan Documents this Agreement shall have been paid in full in cashcash and all LC Disbursements shall have been reimbursed. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and other amount payable by a any Borrower under the Loan Documents this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a any Borrower or otherwise, the Guarantor’s Guarantors’ obligations under this Guaranty hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Cummins Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers under the Loan Credit Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C LC Obligation or any Obligation due and payable by [a Borrower Borrower][Max Bermuda] under the Loan Credit Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of [a Borrower Borrower][Max Bermdua] or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.

Appears in 1 contract

Samples: Credit Agreement (Max Capital Group Ltd.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s obligations under this Guaranty Section 11 shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding Loans and all Obligations other amounts payable by the Borrowers Borrower and the Guarantors under the this Agreement and all other Loan Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation other amount payable by the Borrower or other obligor or any Obligation due and payable by a Borrower Guarantor under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of a the Borrower or other obligor or of any guarantor, or otherwise, the each Guarantor’s obligations under this Guaranty Section 11 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (FCStone Group, Inc.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each of the Guarantor’s obligations under this Guaranty hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full, the Commitments of the Lenders commitments under the Credit Agreement shall have terminated or expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers under the Loan Documents shall Permitted Swap Contracts have been paid in full in cashterminated or expired. If at any time any payment of the principal of or interest on any Loan Note or any L/C Obligation other amount payable by the Principal or any Obligation due and payable by a Borrower other party under the Credit Agreement, any Note, any Permitted Swap Contract or any other Loan Documents Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Borrower the Principal or otherwise, each of the Guarantor’s obligations under this Guaranty hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Ladish Co Inc)

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Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers under the Loan Credit Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C LC Obligation or any Obligation due and payable by a Borrower under the Loan Credit Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Borrower or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.

Appears in 1 contract

Samples: Guaranty Agreement (ALTERRA CAPITAL HOLDINGS LTD)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s Guarantors' obligations under this Guaranty hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full and the Commitments of the Lenders and the Lessor under the Credit Agreement shall have expired terminated or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers under the Loan Documents shall have been paid in full in cashexpired. If at any time any payment of the principal of or interest on any Loan Note, the Lessor Investment or any L/C Obligation other amount payable by the Company under the Credit Agreement, the Guaranty (Lessor), or any Obligation due and payable by a Borrower under the Loan Documents other Transaction Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Borrower the Company or otherwise, the Guarantor’s 's obligations under this Guaranty hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Guaranty (Vincam Group Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s 's obligations under this Guaranty Section 11 shall remain in full force and effect until the Commitments are terminated and the principal of and interest on the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding Loans and all Obligations other amounts payable by the Borrowers Borrower and the Guarantors under the this Agreement and all other Loan Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation other amount payable by the Borrower or other obligor or any Obligation due and payable by a Borrower Guarantor under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of a the Borrower or other obligor or of any guarantor, or otherwise, the each Guarantor’s 's obligations under this Guaranty Section 11 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (International Assets Holding Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers Guaranteed Borrower under the Loan Credit Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and payable by a the Guaranteed Borrower under the Loan Credit Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Guaranteed Borrower or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.. EXHIBIT 10.2

Appears in 1 contract

Samples: Guaranty (Arch Capital Group Ltd.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s 's obligations under this Guaranty hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters terminated and the principal of Credit shall be outstanding and interest on the Notes and all Obligations other amounts payable by the Borrowers Borrower under the Loan Financing Documents shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan Note or any L/C Obligation or any Obligation due and other amount payable by a the Borrower under the Loan Financing Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or otherwise, the Guarantor’s 's obligations under this Guaranty hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Term Loan Agreement (Ace LTD)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Guarantor’s obligations under this Guaranty Section 11 shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been are terminated, no all Letters of Credit shall be outstanding have expired, and the principal of and interest on the Notes and all Obligations other amounts payable by the Borrowers Borrower and the Guarantors under the this Agreement and all other Loan Documents shall have been paid in full in cashDocuments. If at any time any payment of the principal of or interest on any Loan Note or any L/C Reimbursement Obligation or any Obligation due and other amount payable by a the Borrower or any Guarantor under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy bankruptcy, or reorganization of a the Borrower or of any guarantor, or otherwise, the each Guarantor’s obligations under this Guaranty Section 11 with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Usfreightways Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s 's obligations under this Guaranty as guarantor hereunder shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters terminated and the principal of Credit shall be outstanding and interest on the Notes and all Obligations other amounts payable by the Borrowers under the Loan Documents this Agreement shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan Note or any L/C Obligation or any Obligation due and other amount payable by a any Borrower (other than the Guarantor) under the Loan Documents this Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a such Borrower or otherwise, the Guarantor’s 's obligations under this Guaranty hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Multi Facility Credit Agreement (Pentair Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Guaranteed Borrowers under the Loan Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and payable by a Guaranteed Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Guaranteed Borrower or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.

Appears in 1 contract

Samples: Guaranty (Axis Capital Holdings LTD)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers under the Loan Credit Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C LC Obligation or any Obligation due and payable by a Borrower Max Bermuda under the Loan Credit Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a Borrower Max Bermuda or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.

Appears in 1 contract

Samples: Guaranty Agreement (ALTERRA CAPITAL HOLDINGS LTD)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Guarantor’s obligations under this Guaranty shall remain in full force and effect until the Commitments of the Lenders under the Credit Agreement shall have expired or been terminated, no Letters of Credit shall be outstanding and all Obligations payable by the Borrowers Guaranteed Borrower under the Loan Credit Documents shall have been paid in full in cash. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and payable by a the Guaranteed Borrower under the Loan Credit Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Guaranteed Borrower or otherwise, the Guarantor’s obligations under this Guaranty with respect to such payment shall be reinstated as though such payment had been due but not made at the time of such reinstatement.. EXHIBIT 10.3

Appears in 1 contract

Samples: Guaranty (Arch Capital Group Ltd.)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. The Each Subsidiary Guarantor’s 's obligations under this Guaranty Agreement constitute a continuing guaranty and shall remain in full force and effect until the Commitments Revolving Credit Exposure of the Lenders under the Credit Agreement each Lender shall have expired or been terminatedreduced to zero, no Letters of Credit the Designated Interest Rate Agreements shall be outstanding have been terminated and all Obligations amounts payable by the Borrowers Borrower under the Loan Financing Documents and Designated Interest Rate Agreements shall have been paid in full in cashfull. If at any time any payment of the principal of or interest on any Loan or any L/C Obligation or any Obligation due and amount payable by a the Borrower under the Loan Documents any Financing Document or Designated Interest Rate Agreement is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of a the Borrower or otherwise, the each Subsidiary Guarantor’s 's obligations under this Guaranty Agreement with respect to such payment shall be reinstated at such time as though such payment had been become due but had not been made at the time of such reinstatementtime.

Appears in 1 contract

Samples: Credit Agreement (Kindred Healthcare Inc)

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