Effect of Stay. In the event that the demand for payment of any amount payable by Borrower under this Agreement or the other Transaction Documents is stayed upon the insolvency, bankruptcy or reorganization of Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement or any of the other Transaction Documents shall nonetheless be payable by the Guarantors hereunder forthwith upon demand by the Agent or the Required Banks.
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Samples: Revolving Credit Agreement (Huntco Inc), Revolving Credit Agreement (Huntco Inc)
Effect of Stay. In the event that the demand for payment of any amount payable by the Company or any Borrower under this Agreement or the other Transaction Loan Documents is stayed upon the insolvency, bankruptcy or reorganization of the Company or a Borrower, all such amounts otherwise subject to acceleration under the terms of this Agreement or any of the other Transaction Loan Documents shall nonetheless be payable by the Guarantors Company or the other Borrowers hereunder forthwith upon demand by the Agent or the Required BanksAgent.
Appears in 2 contracts
Samples: Multicurrency Credit Agreement (Schawk Inc), Term Credit Agreement (Schawk Inc)
Effect of Stay. In the event that the demand for payment of any amount payable by Borrower any Debtor under this Agreement or the other Transaction Credit Documents is stayed upon the insolvency, bankruptcy or reorganization of Borrowera Debtor, all such amounts otherwise subject to acceleration under the terms of this Agreement or any of the other Transaction Credit Documents shall nonetheless be payable by the Guarantors other Debtors hereunder forthwith upon demand by the Agent or the Required BanksBank.
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