Common use of Effect of Stay Clause in Contracts

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that If acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article Section 2.15 forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Company Guaranteed Obligations Obligation is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Company Guaranteed Obligations Obligation shall nonetheless be payable by the Borrower Company under this Article forthwith on demand by the Administrative Global Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party Guarantor under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Loan Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower such Guarantor under this Article forthwith on demand by the Administrative AgentLender.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit PartyParty (including any Debtor Relief Law), all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Loan Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Loan Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article IX forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party Borrower under any of the Borrower Company Guaranteed Obligations Obligation is stayed upon insolvency, bankruptcy or reorganization of such Credit PartyBorrower, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Company Guaranteed Obligations Obligation shall nonetheless be payable by the Borrower Company under this Article Section forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Loan Party under any of the Borrower Company Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Loan Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Company Guaranteed Obligations shall nonetheless be payable by the Borrower Company under this Article IX forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Loan Party under any of the Borrower Guaranteed Obligations Obligation is stayed upon insolvency, bankruptcy or reorganization of such Credit Loan Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations Obligation shall nonetheless be payable by the Borrower Loan Party under this Article Section forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Parent Guarantor Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit PartyParty (including under any Debtor Relief Law), all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Parent Guarantor Guaranteed Obligations shall nonetheless be payable by the Borrower Parent Guarantor under this Article forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Loan Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Loan Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower Borrowers under this Article forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Designated Hedge Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Designated Hedge Obligations shall nonetheless be payable by the Borrower Borrowers under this Article XI forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that If acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article Section 2.15 forthwith on demand by the applicable Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any other Credit Party under any of the Borrower Guaranteed Obligations Affiliate Obligation is stayed upon insolvency, bankruptcy or reorganization of such other Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations Affiliate Obligation shall nonetheless be payable by the Borrower Company under this Article section forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article Section forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit PartyParty (including under any Debtor Relief Law), all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article forthwith on demand by the Administrative Agent, to the extent permitted by applicable law.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article X forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article Section 2.10 forthwith on demand by the Administrative AgentLender.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations shall nonetheless be payable by the such Borrower under this Article forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party other Borrower or Guarantor under any of the Borrower Guaranteed Obligations Obligation is stayed upon insolvency, bankruptcy or reorganization of such Credit Partyother Borrower or Guarantor, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Guaranteed Obligations Obligation shall nonetheless be payable by the Borrower Genlyte Xxxxxx under this Article section forthwith on demand by the Administrative AgentAgents.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Company Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the Borrower Company Guaranteed Obligations shall nonetheless be payable by the Borrower Company under this Article forthwith on demand by the Administrative Agent.

Effect of Stay. In the event that acceleration of the time for payment of any amount payable by any Credit Party under any of the Borrower Guaranteed Obligations is stayed upon insolvency, bankruptcy or reorganization of such Credit Party, all such amounts otherwise subject to acceleration under the terms of any applicable agreement or instrument evidencing or relating to any of the 108 Borrower Guaranteed Obligations shall nonetheless be payable by the Borrower under this Article forthwith on demand by the Administrative Agent.