Inability to Accelerate Loan. If either Lender or the Issuing Bank is prevented from demanding or accelerating payment of any of the Guaranteed Obligations by reason of any automatic stay or otherwise, Lender or the Issuing Bank shall be entitled to receive from such Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Amreit), Revolving Credit Agreement (Amreit), Revolving Credit Agreement (Amreit)
Inability to Accelerate Loan. If either the Lender or the Issuing Bank is prevented from demanding or accelerating payment holder of any of the Guaranteed Obligations is prevented under applicable law or otherwise from demanding or accelerating payment thereof by reason of any automatic stay or otherwise, the Lender or the Issuing Bank such holder shall be entitled to receive from such the Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.
Appears in 2 contracts
Samples: Guaranty Agreement (Colorocs Information Technologies Inc), Guaranty Agreement (Colorocs Information Technologies Inc)
Inability to Accelerate Loan. If either the Lender or the Issuing Bank is prevented under Applicable Law or otherwise from demanding or accelerating payment of any of the Guaranteed Guarantied Obligations by reason of any automatic stay or otherwise, the Lender or the Issuing Bank shall be entitled to receive from such each Guarantor, upon demand therefor, the sums which otherwise would have been due had such demand or acceleration occurred.
Appears in 1 contract
Samples: Guaranty (U-Store-It Trust)