Common use of Effect of Certain Events Clause in Contracts

Effect of Certain Events. Guarantor agrees that Guarantor's liability hereunder will not be released, reduced, impaired, or affected by the occurrence of any one or more of the following events: a) The insolvency, bankruptcy, reorganization, or disability of Debtor; b) The renewal, consolidation, extension, modification, or amendment from time to time of the Contract; c) The failure, delay, waiver, or refusal by Creditor to exercise any right or remedy held by Creditor with respect to the Contract; d) The sale, encumbrance, transfer, or other modification of the ownership of Debtor or the change in the financial condition or management of Debtor.

Appears in 3 contracts

Samples: Long Term Gas Agreement (Midland Cogeneration Venture Limited Partnership), Long Term Gas Agreement (Midland Cogeneration Venture Limited Partnership), Long Term Gas Agreement (Midland Cogeneration Venture Limited Partnership)

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Effect of Certain Events. Guarantor agrees that Guarantor's its liability hereunder will not be released, reduced, impaired, impaired or affected by the occurrence of any one or more of the following events: a(i) The the insolvency, bankruptcy, reorganization, or disability of DebtorCounterparty; b(ii) The the renewal, consolidation, extension, modification, modification or amendment from time to time of the ContractAgreement; c(iii) The the failure, delay, waiver, or refusal by Creditor Beneficiary to exercise any right or remedy held by Creditor Beneficiary with respect to the ContractAgreement; d(iv) The the sale, encumbrance, transfer, transfer or other modification of the ownership of Debtor Counterparty or the change in the financial condition or management of DebtorCounterparty; or (v) the settlement or compromise of any Obligation.

Appears in 2 contracts

Samples: Guaranty, Guaranty

Effect of Certain Events. Guarantor agrees that Guarantor's liability hereunder will not be released, reduced, impaired, impaired or affected by the occurrence of any one or more of the following events: a) a. The insolvency, bankruptcy, reorganization, or disability of Debtor; b) b. The renewal, consolidation, extension, modification, or amendment from time to time of the Contract; c) c. The failure, delay, waiver, or refusal by Creditor to exercise any right or remedy held by Creditor with respect to the Contract;. d) d. The sale, encumbrance, transfer, transfer or other modification of the ownership of Debtor or the change in the financial condition or management of Debtor.

Appears in 1 contract

Samples: Gas Sales Contract (American Crystal Sugar Co /Mn/)

Effect of Certain Events. Guarantor agrees that Guarantor's liability hereunder will not be released, reduced, impaired, impaired or affected by the occurrence of any one or more of the following events: a) a. The insolvency, bankruptcy, reorganization, or disability of Debtor; b) b. The renewal, consolidation, extension, modification, or amendment from time to time of the Contract; c) c. The failure, delay, waiver, or refusal by Creditor to exercise any right or remedy held by Creditor with respect to the Contract; d) d. The sale, encumbrance, transfer, transfer or other modification of the ownership of Debtor or the change in the financial condition or management of Debtor.

Appears in 1 contract

Samples: Gas Sales Agreement (Midland Cogeneration Venture Limited Partnership)

Effect of Certain Events. Guarantor agrees that Guarantor's liability hereunder will not be released, reduced, impaired, or affected by the occurrence of any one or more of the following events: a) The insolvency, bankruptcy, reorganization, reorganization or disability of Debtor; ; b) The renewal, consolidation, extension, modification, or amendment from time to time of the Contract; ; c) The failure, delay, waiver, waiver or refusal by Creditor to exercise any right or remedy held by Creditor with respect to the Contract; ; d) The sale, encumbrance, transfer, transfer or other modification of the ownership of Debtor or the change in the financial condition or management of Debtor.

Appears in 1 contract

Samples: Long Term Gas Agreement (Midland Cogeneration Venture Limited Partnership)

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Effect of Certain Events. Guarantor agrees that Guarantor's liability hereunder will not be released, reduced, impaired, impaired or affected by the occurrence of any one or more of the following events: a) : a. The insolvency, bankruptcy, reorganization, or disability of Debtor; b) ; b. The renewal, consolidation, extension, modification, or amendment from time to time of the Contract; c) ; c. The failure, delay, waiver, or refusal by Creditor to exercise any right or remedy held by Creditor with respect to the Contract; d) ; d. The sale, encumbrance, transfer, transfer or other modification of the ownership of Debtor or the change in the financial condition or management of Debtor.

Appears in 1 contract

Samples: Gas Sales Agreement (Midland Cogeneration Venture Limited Partnership)

Effect of Certain Events. Guarantor agrees that Guarantor's liability hereunder will not be released, reduced, impaired, impaired or affected by the occurrence of any one or more of the following events: a) a. The insolvency, bankruptcy, reorganization, or disability of Debtor; b) ; b. The renewal, consolidation, extension, modification, or amendment from time to time of the Contract; c) ; c. The failure, delay, waiver, or refusal by Creditor to exercise any right or remedy held by Creditor with respect to the Contract; d) ; d. The sale, encumbrance, transfer, transfer or other modification of the ownership of Debtor or the change in the financial condition or management of Debtor.

Appears in 1 contract

Samples: Gas Sales Agreement (Midland Cogeneration Venture Limited Partnership)

Effect of Certain Events. Guarantor agrees that Guarantor's liability hereunder will not be released, reduced, impaired, or affected by the occurrence of any one or more of the following events: a) The insolvency, bankruptcy, reorganization, reorganization or disability of Debtor; b) The renewal, consolidation, extension, modification, or amendment from time to time of the Contract; c) The failure, delay, waiver, waiver or refusal by Creditor to exercise any right or remedy held by Creditor with respect to the Contract; d) The sale, encumbrance, transfer, transfer or other modification of the ownership of Debtor or the change in the financial condition or management of Debtor.

Appears in 1 contract

Samples: Long Term Gas Agreement (Midland Cogeneration Venture Limited Partnership)

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