Common use of Guaranty Irrevocable Clause in Contracts

Guaranty Irrevocable. This Guaranty is a continuing guarantee of the payment of all Liabilities now or hereafter existing under the Facility Documents and shall remain in full force and effect until payment in full of all Liabilities and other amounts payable under this Guaranty (other than contingent obligations not due and payable and Letters of Credit that have been cash collateralized and/or backstopped by another letter of credit satisfactory to the Issuer thereof) and until the Facility Documents are no longer in effect.

Appears in 1 contract

Samples: Term Credit Agreement (Bemis Co Inc)

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Guaranty Irrevocable. This Guaranty is a continuing guarantee of the payment of all Liabilities Obligations now or hereafter existing under the Facility Documents Agreement and shall remain in full force and effect until payment in full of all Liabilities Obligations and other amounts payable under this Guaranty (other than contingent obligations not due and payable until all Commitments of the Lenders to make Loans under the Facility Agreement shall be terminated in accordance with the terms thereof and Letters all of Credit that the Commitments under the Facility Agreement have been cash collateralized and/or backstopped by another letter of credit satisfactory to the Issuer thereof) terminated and until the Facility Documents are no longer in effect.

Appears in 1 contract

Samples: Guaranty Agreement (Black Elk Energy Finance Corp.)

Guaranty Irrevocable. This Guaranty is a continuing guarantee of the payment in full and performance of all Liabilities Obligations now or hereafter existing under the Facility Documents Credit Agreement and shall remain in full force and effect until (a) payment in full of all Liabilities Obligations and other amounts payable under this Guaranty and the other Loan Documents and (other than contingent obligations not due and payable and Letters of b) all Commitments under the Credit that Agreement shall have expired or been cash collateralized and/or backstopped by another letter of credit satisfactory to terminated in accordance with the Issuer thereof) and until terms thereof (such date, the Facility Documents are no longer in effect“Termination Date”).

Appears in 1 contract

Samples: Intercreditor Agreement (Magnum Hunter Resources Corp)

Guaranty Irrevocable. This Guaranty is a continuing guarantee of the payment and performance of all Liabilities now or hereafter existing under the Facility Note Documents and shall remain in full force and effect until payment in full of all Liabilities and other amounts payable under this Guaranty (other than contingent obligations not due and payable and Letters of Credit that have been cash collateralized and/or backstopped by another letter of credit satisfactory to the Issuer thereof) and until the Facility Documents are Promissory Note is no longer in effect.

Appears in 1 contract

Samples: Guaranty (Iridium Communications Inc.)

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Guaranty Irrevocable. This Guaranty is a continuing guarantee of the payment of all Liabilities Obligations now or hereafter existing under the Facility Documents Credit Agreement and shall remain in full force and effect until payment in full of all Liabilities Obligations and other amounts payable under this Guaranty (other than contingent obligations not due and payable and Letters of Credit that have been cash collateralized and/or backstopped by another letter of credit satisfactory to the Issuer thereof) and until all Commitments of the Facility Documents are Lenders to make Loans under the Credit Agreement shall be terminated in accordance with the terms thereof and the Credit Agreement is no longer in effect.

Appears in 1 contract

Samples: Credit Agreement (Amedisys Inc)

Guaranty Irrevocable. This Guaranty is a continuing guarantee guaranty of the payment of all Liabilities Obligations now or hereafter existing under the Facility Documents Credit Agreement and shall remain in full force and effect until payment in full of all Liabilities Obligations and other amounts payable under this Guaranty (other than contingent obligations not due and payable and Letters of Credit that have been cash collateralized and/or backstopped by another letter of credit satisfactory to the Issuer thereof) and until all Commitments of the Facility Documents are Lenders to make Loans under the Credit Agreement shall be terminated in accordance with the terms thereof and the Credit Agreement is no longer in effect.

Appears in 1 contract

Samples: Security and Pledge Agreement (Asbury Automotive Group Inc)

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