Common use of Election to Perform Obligations Clause in Contracts

Election to Perform Obligations. Any election by any of the Guarantors to pay or otherwise perform any of the obligations of any Obligor under the Notes or under any of the other Facility Documents, whether pursuant to this Article 11 or otherwise, shall not release such Obligor from any of its other obligations under the Notes, the Letters of Credit or any of the other Facility Documents.

Appears in 2 contracts

Samples: Credit Agreement (LCC International Inc), Credit Agreement (LCC International Inc)

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Election to Perform Obligations. Any election by any of the Subsidiary Guarantors to pay or otherwise perform any of the obligations of any Obligor the Borrower under the Notes or under any of the other Facility Documents, whether pursuant to this Article 11 or otherwise, shall not release the Borrower from such Obligor from obligations or any of its other obligations under the Notes, the Letters of Credit Notes or under any of the other Facility Documents.

Appears in 2 contracts

Samples: Credit Agreement (Daka International Inc), Credit Agreement (Daka International Inc)

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Election to Perform Obligations. Any election by any of the Guarantors Guarantor to pay or otherwise perform any of the obligations of any Obligor the Borrower under the Notes or under any of the other Facility Documents, whether pursuant to this Article 11 8 or otherwise, shall not release the Borrower or the Guarantor from such Obligor from obligations or any of its other obligations under the Notes, the Letters of Credit Notes or under any of the other Facility Documents.

Appears in 2 contracts

Samples: Loan Agreement (Winstar Communications Inc), Loan Agreement (Cellularvision Usa Inc)

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