For the Group Sample Clauses

For the Group. In the event that all or a substantial portion of the Group Physician Stockholders and the Full-time Physician Employees breach Exhibit 6.2, then the Group shall immediately pay and be jointly and severally liable to Administrator for all payments of the Liquidated Damages that otherwise may be owed to Administrator by such persons. It shall not be necessary for Parent or Administrator to have exhausted its remedies against the individual Group Physician Stockholders or Full-time Physician Employees in order to obtain payment from the Group pursuant to this Section 6.2(b)(ii). The Liquidated Damages shall be payable in full in immediately available funds at the corporate headquarters of Parent.
Sample 1
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For the Group. In the event that all or a substantial portion of the Group Physician Stockholders and the Full-time Physician Employees breach this Paragraph 4, then the Group shall immediately pay and be jointly and severally liable to Administrator for all payments of the Liquidated Damages that otherwise may be owed to Administrator by such persons. It shall not be necessary for Parent or Administrator to have exhausted its remedies against such persons in order to obtain payment from the Group pursuant to this Paragraph 4(b). The Liquidated Damages shall be payable in full in immediately available funds at the corporate headquarters of Parent.
Sample 1

Related to For the Group

  • Benefit to the Guarantor The Borrower is a member of an affiliated group of companies that includes each Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower.

  • Covenants of the Guarantor The Guarantor covenants and agrees through the Termination Date, that:

  • Waiver by the Guarantors Each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Company or any other Person.

  • Consent of the Guarantors Each Guarantor hereby consents, acknowledges and agrees to the amendments and other matters set forth herein and hereby confirms and ratifies in all respects the Guaranty to which it is a party (including without limitation the continuation of each Guarantor’s payment and performance obligations thereunder upon and after the effectiveness of this Amendment and the amendments, waivers and consents contemplated hereby) and the enforceability of the applicable Guaranty against the applicable Guarantor in accordance with its terms.

  • Significant Obligors (a) [Reserved]

  • Waiver by the Guarantor The Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Borrower or any other Person.

  • Consolidated Group Seller (A) has not been a member of an affiliated group within the meaning of Code Section 1504(a) (or any similar group defined under a similar provision of state, local or foreign law) and (B) has no liability for Taxes of any person (other than Seller and its Subsidiaries) under Treas. Reg. sect. 1.1502-6 (or any similar provision of state, local or foreign law), as a transferee or successor by contract or otherwise.

  • Cumulative Credit Transactions If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount of the Cumulative Credit immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as occurring simultaneously.

  • Continuing Obligations of the Grantors Each Grantor shall remain liable to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Collateral, all in accordance with the terms and conditions thereof, and each Grantor jointly and severally agrees to indemnify and hold harmless the Collateral Agent and the Secured Parties from and against any and all liability for such performance.

  • Agreements of the Company and the Guarantors The Company and the Guarantors, jointly and severally, agree with each of the Initial Purchasers as follows:

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