Guarantees, etc. Any guarantee, suretyship, subordination agreement, maintenance agreement, or other agreement furnished in connection with the Borrower’s obligations hereunder and under any Supplement or any Note shall, at any time, cease to be in full force and effect, or shall be revoked or declared null and void, or the validity or enforceability thereof shall be contested by the guarantor, surety or other maker thereof (individually or collectively, the “Guarantor”), or the Guarantor shall deny any further liability or obligation thereunder, or shall fail to perform its obligations thereunder, or any representation or warranty set forth therein shall be breached, or the Guarantor shall breach or be in default under the terms of any other agreement with CoBank (including any loan agreement or security agreement), or a default set forth in Subsection 10(F) through Subsection 10(I) of this Agreement shall occur with respect to the Guarantor or the Guarantor shall die or be determined to be legally incompetent.
Appears in 2 contracts
Samples: Master Loan Agreement (New Ulm Telecom Inc), Master Loan Agreement (New Ulm Telecom Inc)
Guarantees, etc. Any guarantee, suretyship, subordination agreement, maintenance agreement, pledge agreement or other agreement furnished in connection with the Borrower’s or any other Loan Party’s obligations hereunder and or under any Supplement or any Note other Loan Document shall, at any time, cease to be in full force and effect, or shall be revoked or declared null and void, or the validity or enforceability thereof shall be contested by the guarantor, pledgor, surety or other maker thereof (individually or collectively, the “GuarantorSurety”), or the Guarantor Surety shall deny any further liability or obligation thereunder, or shall fail to perform its obligations thereunder, or any representation or warranty set forth therein shall be breached, or the Guarantor Surety shall breach or be in default under the terms of any other agreement with CoBank (including any loan agreement or security agreement), or a default set forth in Subsection 10(F) through Subsection 10(I) of this Agreement shall occur with respect to the Guarantor Surety or the Guarantor Surety shall die or die, be determined to be legally incompetent, or merger, consolidate or dissolve into another Person (except as expressly permitted pursuant to the terms of this Agreement).
Appears in 2 contracts
Samples: Master Loan Agreement (Nuvera Communications, Inc.), Master Loan Agreement (New Ulm Telecom Inc)
Guarantees, etc. Any guarantee, suretyship, subordination agreement, maintenance agreement, or other agreement furnished in connection with the BorrowerCompany’s obligations hereunder and under any Promissory Note and Supplement or any Note shall, at any time, cease to be in full force and effect, or shall be revoked or declared null and void, or the validity or enforceability thereof shall be contested by the guarantor, surety or other maker thereof (individually or collectively, the “Guarantor”), or the Guarantor shall deny any further liability or obligation thereunder, or shall fail to perform its obligations thereunder, or any representation or warranty set forth therein shall be breached, or the Guarantor shall breach or be in default under the terms of any other agreement with CoBank (including any loan agreement or security agreement), or a default set forth in Subsection 10(FSubsections (F) through Subsection 10(I(I) of this Agreement hereof shall occur with respect to the Guarantor or the Guarantor shall die or be determined to be legally incompetent.
Appears in 1 contract
Samples: Master Loan Agreement (Connecticut Water Service Inc / Ct)
Guarantees, etc. Any guarantee, suretyship, subordination agreement, maintenance agreement, or other agreement furnished in connection with the Borrower’s obligations hereunder and under any Supplement or any and Note shall, at any time, cease to be in full force and effect, or shall be revoked or declared null and void, or the validity or enforceability thereof shall be contested by the guarantor, surety or other maker thereof (individually or collectively, the “Guarantor”), or the Guarantor shall deny any further liability or obligation thereunder, or shall fail to perform its obligations thereunder, or any representation or warranty set forth therein shall be breached, or the Guarantor shall breach or be in default under the terms of any other agreement with CoBank (including any loan agreement or security agreement), or a default set forth in Subsection 10(F) through Subsection 10(I) of this Agreement hereof shall occur with respect to the Guarantor or the Guarantor shall die or be determined to be legally incompetent.
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