Common use of Guaranty Irrevocable and Continuing Clause in Contracts

Guaranty Irrevocable and Continuing. This Guaranty is an irrevocable and continuing offer and agreement guaranteeing payment of any and all Guaranteed Obligations and shall extend to all Guaranteed Obligations now outstanding or created or incurred at any future time, whether or not created or incurred pursuant to any agreement presently in effect or hereafter made, until all obligations of the Lenders to extend credit to Borrower have expired or been terminated, and all Guaranteed Obligations have been fully, finally and indefeasibly paid. To the extent any contingent Obligation survives the expiration or termination of the Credit Agreement and the repayment of the Loans, each Guarantor's liability under this Guaranty shall likewise survive. This Guaranty may be released only in writing.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Realty Income Corp), Revolving Credit Agreement (Realty Income Corp), Revolving Credit Agreement (Realty Income Corp)

AutoNDA by SimpleDocs

Guaranty Irrevocable and Continuing. This Guaranty is an irrevocable and continuing offer and agreement guaranteeing payment of any and all Guaranteed Obligations and shall extend to all Guaranteed Obligations now outstanding or created or incurred at any future time, whether or not created or incurred pursuant to any agreement presently in effect or hereafter made, until all obligations of the Lenders Lender to extend credit to Borrower Ocular Sciences have expired or been terminated, terminated and all Guaranteed Obligations have been fully, finally and indefeasibly paid. To the extent any contingent Obligation survives the expiration or termination of the Credit Agreement and the repayment of the LoansAdvances, each Guarantor's liability under this Guaranty shall likewise survive. This Guaranty may be released only in writingwriting except, with respect to a given Guarantor, as provided for in Section 2.10.

Appears in 1 contract

Samples: Credit Agreement (Ocular Sciences Inc /De/)

Guaranty Irrevocable and Continuing. This Guaranty is an irrevocable and continuing offer and agreement guaranteeing payment of any and all Guaranteed Obligations and shall extend to all Guaranteed Obligations now outstanding or created or incurred at any future time, whether or not created or incurred pursuant to any agreement presently in effect or hereafter made, until all obligations of the Lenders Lender to extend credit to the Borrower have expired or been terminated, terminated and all Guaranteed Obligations have been fully, finally and indefeasibly paid. To the extent any contingent Obligation survives the expiration or termination of the Credit Agreement and the repayment of the LoansAdvances, each Guarantor's liability under this Guaranty shall likewise survive. This Guaranty may be released only in writingwriting except, with respect to a given Guarantor, as provided for in Section 2.10.

Appears in 1 contract

Samples: Credit Agreement (Ocular Sciences Inc /De/)

AutoNDA by SimpleDocs

Guaranty Irrevocable and Continuing. This Guaranty is an ----------------------------------- irrevocable and continuing offer and agreement guaranteeing payment of any and all Guaranteed Obligations and shall extend to all Guaranteed Obligations now outstanding or created or incurred at any future time, whether or not created or incurred pursuant to any agreement presently in effect or hereafter made, until all obligations of the Lenders to extend credit to the Borrower have expired or been terminated, terminated and all Guaranteed Obligations have been fully, finally and indefeasibly paid. To the extent any contingent Obligation obligation survives the expiration or termination of the Credit Agreement and the repayment of the Loans, each Guarantor's liability under this Guaranty shall likewise survive. This Guaranty may be released only in writing.

Appears in 1 contract

Samples: Subsidiary Guaranty (P Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!