Events Affecting Other Parties Clause Samples

Events Affecting Other Parties any of the events referred to in subheadings (d), (e), (f), (g), (j) or (k) shall occur with respect to any Guarantor and shall not be remedied within the time set forth in said subheadings; provided, however, with respect to events occurring with respect to the Guarantor, no Event of Default shall be deemed to have occurred if one of the following is satisfied (i) the other Guarantor(s) not affected by such event collectively satisfy the financial requirements set forth in Section 14(a) of the Guaranty or (ii) one of the rights of Guarantor and Borrower set forth in Section 14(b) of the Guaranty is exercised in accordance with such Section; and provided, further, a suit will be deemed to not impair the ability of Guarantors to perform their obligations if the amount in controversy, not covered by insurance, is less than $10 million; or