Common use of Election to Perform Obligations Clause in Contracts

Election to Perform Obligations. Any election by any Subsidiary Guarantor to pay or otherwise perform any of the obligations of any Obligor under any Financing Agreement, whether pursuant to this Section 23 or otherwise, shall not release such Obligor from such obligations (except to the extent such obligation is indefeasibly paid or performed) or any of such Obligor’s other obligations under this Agreement.

Appears in 7 contracts

Samples: Letter of Credit Agreement, Note Purchase Agreement (UTi WORLDWIDE INC), Note Purchase Agreement (UTi WORLDWIDE INC)

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Election to Perform Obligations. Any election by any Subsidiary Guarantor to pay or otherwise perform any of the obligations of any Obligor the Company under any this Agreement or the other Financing AgreementDocuments, whether pursuant to this Section 23 or otherwise, shall not release such Obligor the Company or any other Guarantor from such obligations (except to the extent such obligation is indefeasibly paid or performed) or any of such Obligor’s Person's other obligations under this AgreementAgreement and the other Financing Documents.

Appears in 3 contracts

Samples: Note Purchase Agreement (Hampshire Group LTD), Note Purchase Agreement (Hampshire Group LTD), Note Purchase Agreement (Hampshire Group LTD)

Election to Perform Obligations. Any election by any Subsidiary Guarantor to pay or otherwise perform any of the obligations of any Obligor under any Financing Agreement, whether pursuant to this Section 23 or otherwise, shall not release such Obligor from such obligations (except to the extent such obligation is indefeasibly paid or performed) or any of such Obligor’s other obligations under this Agreementthe related Financing Agreements.

Appears in 2 contracts

Samples: Note Purchase Agreement (John Bean Technologies CORP), Note Purchase Agreement (Schulman a Inc)

Election to Perform Obligations. Any election by any Subsidiary Guarantor to pay or otherwise perform any of the obligations of any Obligor under any Financing AgreementLoan Document, whether pursuant to this Section 23 Article IX or otherwise, shall not release such Obligor from such obligations (except to the extent such obligation is indefeasibly paid or performed) or any of such Obligor’s other obligations under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (UTi WORLDWIDE INC)

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Election to Perform Obligations. Any election by any Subsidiary Guarantor to pay or otherwise perform any of the obligations of any Obligor under any Financing Agreement, whether pursuant to this Section 23 or otherwise, shall not release such Obligor from such obligations (except to the extent such obligation is indefeasibly paid or performed) or any of such Obligor’s 's other obligations under this Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (UTi WORLDWIDE INC)

Election to Perform Obligations. Any election by any Subsidiary the Individual Guarantor to pay or otherwise perform any of the obligations of any Obligor under the Notes or under any Financing Agreementof the other Facility Documents, whether pursuant to this Section 23 Agreement or otherwise, shall not release such Obligor from such any of its other obligations (except to under the extent such obligation is indefeasibly paid or performed) Notes, the Letters of Credit or any of such Obligor’s the other obligations under this AgreementFacility Documents.

Appears in 1 contract

Samples: Unconditional Guaranty (LCC International Inc)

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