GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Secured Party, on demand, all reasonable costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Secured Party in connection with enforcement of this Guaranty, together with interest on amounts recoverable under this Guaranty from the time such amounts become due under this Guaranty until payment, at the rate per annum equal to the default rate set forth in the Amended Note; provided that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such maximum permitted amount.
GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Agent, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time such amounts become due until payment, at the rate per annum equal to the rate of interest equal to the Base Rate, plus a margin of four percent (4.00%); provided that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such maximum permitted amount.
GUARANTOR'S AGREEMENT TO PAY. The Guarantors further agree, jointly and severally, as principal obligors and not as guarantors only, to pay to the Agent and the Lenders, on demand, all costs and expenses (including court costs and legal expenses) incurred or expended by the Agent and the Lenders in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time such amounts become due until payment, at the rate per annum equal to the rate of interest announced by the Agent from time to time at its head office as its Base Rate, plus 2%; provided that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such maximum permitted amount.
GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Bank, on demand, all costs and expenses (including court costs and legal expenses) incurred or expended by the Bank in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time such amounts become due until payment.
GUARANTOR'S AGREEMENT TO PAY. (a) If an Event of Default shall occur and be continuing under the Loan Agreement, the obligations of the Guarantors hereunder shall become immediately due, without notice of any nature, which notice is expressly waived by the Guarantors, and the Guarantors shall immediately pay to the Lenders on demand the full unpaid balance of the Obligations.
(b) Each Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Lenders, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Lenders in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time such amounts become due until payment, at the rate per annum equal to the Fixed Rate; provided that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such maximum permitted amount.
(c) Payments by the Guarantors hereunder may be required by the Lenders on any number of occasions.
GUARANTOR'S AGREEMENT TO PAY. The Guarantors further agree, as the principal obligors and not as a guarantors only, to pay to the Lessor, on demand, in funds immediately available to the Lessor: (a) the amount of each Obligation which has not been paid when due at the place of payment specified therefor, or if no place of payment is specified, at the office designated by the Lessor; and (b) all costs and expenses (including court costs and legal expenses) incurred or expended by the Lessor in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time such amounts become due until payment, at the rate equal to one and one-half percent (1½%) per month; provided that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such maximum permitted amount. This Guaranty shall remain in full force and effect until all the Obligations are paid in full. This Guaranty shall continue to be effective or be reinstated, if at any time any payment made or value received with respect to an Obligation is rescinded or must otherwise be returned by the Lessor upon the insolvency, bankruptcy or reorganization of the Lessee, or otherwise, all as though such payment had not been made or value received. Guarantors expressly waive the right to revoke or terminate this Guaranty. The liability of the Guarantors hereunder shall be unlimited and be continuing until all of the Obligations are paid in full.
GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as a principal obligor and not as a guarantor only, to pay to the Administrative Agent, on behalf of the Lenders, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Administrative Agent, the Acceptance Bank, the Issuing Bank and/or the Lenders, on behalf of the Lenders in connection with the enforcement or collection of the Obligations and the guaranty contained herein, together with interest on amounts recoverable under the Guaranty contained herein from the time such amounts become due until payment, at the rate per annum equal to three percent (3%) above the Base Rate from time to time in effect plus the Applicable Margin; provided that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such maximum permitted amount.
GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Administrative Agent for the benefit of the Banks, on demand, all costs and expenses (including court costs and reasonable Attorney Costs) incurred or expended by the Banks in connection with the Obligations, this Guaranty and the enforcement thereof.
GUARANTOR'S AGREEMENT TO PAY. Each Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the Agent for the ratable benefit of the Lenders, on demand, all costs and expenses (including court costs and legal expenses) incurred or expended by the Agent in connection with the Liabilities, this Guaranty and the enforcement thereof, together with interest on amounts recoverable under this Guaranty from the time such amounts become due until payment, at the rate per annum equal to the default rate set forth in the Loan Agreement applicable to the Liabilities after the occurrence and continuance of any Event of Default; provided that if such interest exceeds the maximum amount permitted to be paid under applicable law, then such interest shall be reduced to such maximum permitted amount.
GUARANTOR'S AGREEMENT TO PAY. The New Guarantor further agrees, as the principal obligor and not as a guarantor or surety only, to pay to Lender, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by Lender in connection with the enforcement of this Guaranty against the New Guarantor.
