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. Each of the Guarantors’ obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation or any other amount payable by the Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of the Guarantors’ obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 5 contracts

Samples: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/)

AutoNDA by SimpleDocs

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ The Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full in cash and full, the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired and all Rate Management Transactions and Facility LCs have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation Note or any other amount payable by the any Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement Rate Management Transaction or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the any Borrower or otherwise, each of the Guarantors’ Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 4 contracts

Samples: Guaranty Agreement (Asset Acceptance Capital Corp), Guaranty Agreement (Asset Acceptance Capital Corp), Guaranty Agreement (Asset Acceptance Capital Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the The Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash and the Commitments and all Letters of Credit issued under the Amended and Restated Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation Note or any other amount payable by the Borrower or any other party under the Amended and Restated Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of the Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 3 contracts

Samples: Credit Agreement (Post Apartment Homes Lp), Credit Agreement (Post Apartment Homes Lp), Credit Agreement (Post Apartment Homes Lp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Except as provided in Section 4(B) below, each of the Guarantors’ obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash and the Commitments and all Letters of Credit Facility LCs issued under the Credit Agreement shall have terminated or expiredexpired or, in the case of all Facility LCs, are fully collateralized on terms reasonably acceptable to the Administrative Agent. If at any time any payment of the principal of or interest on any Loan, any Advance or Reimbursement Obligation or any other amount payable by the Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement agreement evidencing a Rate Management Transaction or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of the Guarantors’ obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 3 contracts

Samples: Guaranty (Encore Capital Group Inc), Guaranty (Encore Capital Group Inc), Guaranty (Encore Capital Group Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ The Guarantor's obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full in cash and full, the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired and all agreements relating to any Swap Agreement Obligations or Banking Services Obligations have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Guaranteed Obligation or any other amount payable by the Borrower any Debtor or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document or any agreement relating to any Swap Agreement Obligations or Banking Services Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower any Debtor or otherwise, each of the Guarantors’ Guarantor's obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 3 contracts

Samples: Credit Agreement (Spartan Motors Inc), Credit Agreement (Spartan Motors Inc), Credit Agreement (Spartan Motors Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation or any other amount payable by the Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of the Guarantors’ obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollarsthe same currency as such Guaranteed Obligation is denominated.

Appears in 2 contracts

Samples: Credit Agreement (Universal Corp /Va/), Credit Agreement (Universal Corp /Va/)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ Guarantor's obligations hereunder shall remain in full force and effect until the Commitments shall have terminated, the principal of and interest on the Notes and all Guaranteed Obligations other amounts payable by any Obligor under any Financing Document shall have been paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated expired or expiredbeen terminated. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation Note or any other amount payable by the any Borrower or under any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Financing Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the such Borrower or otherwise, each of the Guarantors’ applicable Guarantor's obligations hereunder with respect to such payment shall be reinstated at such time as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 2 contracts

Samples: Credit Agreement (Aes Corporation), Credit Agreement (Aes Corporation)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations Indebtedness (other than contingent indemnity obligations and Indebtedness in respect of Swap Agreements) shall have been paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Second Lien Term Loan Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation Loan or any other amount payable by the any Borrower or any other party under the Credit Second Lien Term Loan Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the any Borrower or otherwise, each of the Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 2 contracts

Samples: Guaranty (Quest Resource Corp), Guaranty (Quest Resource Corp)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid Paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expiredFull. If at any time any payment of the principal of or interest on any Loan, fees on any Letter of Credit, any Reimbursement Obligation or any other fee or other amount payable by the Borrower under any Loan Document, Swap Agreement or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or any of its Affiliates or otherwise, each of the Guarantors’ obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree ; provided, for the avoidance of doubt, that each such obligations shall not be reinstated with respect to any such payment under a Swap Agreement or Banking Services Agreement, which payment was made after the Payment in Full of the Guaranteed Obligations shall be due and payable in DollarsObligations.

Appears in 2 contracts

Samples: Guarantee Agreement (Marketaxess Holdings Inc), Guarantee Agreement (Marketaxess Holdings Inc)

AutoNDA by SimpleDocs

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired, at which time, subject to all the foregoing conditions, the guarantees made hereunder shall automatically terminate. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation or any other amount payable by the Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of the Guarantors’ obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 2 contracts

Samples: Guaranty (Nelnet Inc), Guaranty (Nelnet Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired, at which time, subject to all the foregoing conditions (including a payment effected through exercise of a right of setoff), the guarantees made hereunder shall automatically terminate. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation or any other amount payable by the Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document is rescinded or must be otherwise restored (including pursuant to any settlement entered into by the Administrative Agent or any Lender in its discretion) or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of the Guarantors’ obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 2 contracts

Samples: Guaranty (Nelnet Inc), Guaranty (Nelnet Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Subject to Section 24, each of the Guarantors' obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been paid in full in cash and the Revolving Loan Commitments and Term Loan Commitments and all Letters of Credit Facility LCs issued under the Credit Agreement shall have terminated or expired. If at any time any payment of the principal of or interest on any LoanAdvance, any Reimbursement Obligation or any other amount payable by the Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement Guaranteed Rate Management Transaction or any other Loan Document is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower or otherwise, each of the Guarantors' obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 1 contract

Samples: Guaranty Agreement (Roto-Rooter Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ Loan Guarantor’s obligations hereunder shall remain in full force and effect until all Guaranteed Secured Obligations shall have been indefeasibly paid in full in cash and full, the Commitments and all Letters of Credit issued under the Credit Agreement shall have terminated or expired and all agreements relating to any Swap Agreement Obligations or Banking Services Obligations have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Secured Obligation or any other amount payable by the Borrower any Debtor or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document or any agreement relating to any Swap Agreement Obligations or Banking Services Obligations is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Borrower any Debtor or otherwise, each of the Guarantors’ Loan Guarantor’s obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 1 contract

Samples: Loan Guaranty (Techteam Global Inc)

Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each of the Guarantors’ The Guarantor’s obligations hereunder shall remain in full force and effect until all Guaranteed Obligations shall have been indefeasibly paid in full in cash and the Commitments and all Letters of Credit issued under the Credit Agreement Aggregate Commitment shall have terminated or expired. If at any time any payment of the principal of or interest on any Loan, any Reimbursement Obligation the Notes of the Additional Borrower or any other amount payable by the Additional Borrower or any other party under the Credit Agreement, any Swap Agreement, any Banking Services Agreement or any other Loan Document to which it is a party, or by the Guarantor hereunder, is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Additional Borrower or otherwise, each of the Guarantors’ Guarantor’s obligations hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time. The parties hereto acknowledge and agree that each of the Guaranteed Obligations shall be due and payable in Dollars.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!