Common use of GUARANTOR'S AGREEMENT TO PAY Clause in Contracts

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.

Appears in 2 contracts

Samples: Unlimited Guaranty (Microfinancial Inc), Unlimited Guaranty (Microfinancial Inc)

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GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the AgentBank, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent Bank in connection with the Obligations, this Guaranty and the enforcement thereof, together with interest on the amounts recoverable under this Guaranty from the time such amounts become due until payment, at the rate per annum equal to the default rate of interest equal to set forth in the Base Rate, plus a margin of four percent (4.00%)Loan Agreement; 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.

Appears in 1 contract

Samples: Loan Agreement (Eastern Co)

GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor or surety only, to pay to the AgentLender, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent Lender 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 then due under the Base RateLoan Agreement; provided, plus a margin of four percent (4.00%); provided however, 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.

Appears in 1 contract

Samples: Continuing Guaranty Agreement (Iwt Tesoro Corp)

GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the AgentBank, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent Bank in connection with the Guaranteed 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, Applicable Prime Rate in effect at such time plus a margin of four percent (4.004%); 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.

Appears in 1 contract

Samples: Credit Agreement (Specialty Catalog Corp)

GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, jointly and severally, as the principal obligor and not as a guarantor only, to pay to the AgentLender, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent Lender 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 Default Rate (as defined in the Base RateLoan Agreement), 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.

Appears in 1 contract

Samples: Loan Agreement (K-Sea Transportation Partners Lp)

GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the AgentInvestor, on demand, all reasonable and documented out-of-pocket costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent Investor in connection with the Obligations, enforcement of this Guaranty and the enforcement thereofGuaranty, 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 of interest equal to set forth in the Base Rate, plus a margin of four percent (4.00%)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.

Appears in 1 contract

Samples: Guaranty (American Standard Energy Corp.)

GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the AgentLenders, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent 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 default rate per annum equal to as set forth in the rate of interest equal to the Base Rate, plus a margin of four percent (4.00%)Notes; 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.

Appears in 1 contract

Samples: Unlimited Guaranty (Immediatek Inc)

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GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the AgentAgent and the Banks, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent or the Banks 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 interest rate per annum equal to set forth in the rate of interest equal to the Base RateCredit Agreement; provided, 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (Grove Property Trust)

GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the AgentAgent and/or the Lenders, on demand, all costs and expenses (including court costs and reasonable legal expenses) incurred or expended by the Agent and/or 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 applicable under the rate of interest equal to the Base Rate, plus a margin of four percent (4.00%)Amended and Restated Credit Agreement for Revolving Loans; 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.

Appears in 1 contract

Samples: Credit Agreement (Scan Optics Inc)

GUARANTOR'S AGREEMENT TO PAY. The Guarantor further agrees, as the principal obligor and not as a guarantor only, to pay to the AgentLender, on demand, all costs and expenses (including court costs costs, expenses and reasonable legal expensesattorney's fees) incurred or expended by the Agent Lender in connection with the Obligations, this Guaranty Guarantee and the enforcement thereof, together with interest on amounts recoverable under this Guaranty Guarantee 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 thirteen (4.0013%)) percent; 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Nitinol Medical Technologies Inc)

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