Common use of Instrument for the Payment of Money Clause in Contracts

Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this Article III constitutes an instrument for the payment of money, and consents and agrees that any Issuing Lender, any Lender, any Secured Cash Management Bank, any Secured Swap Provider or the Administrative Agent, at its sole option, in the event of a dispute by the Guarantors in the payment of any moneys due hereunder, shall have the right to bring motion action under New York CPLR Section 3213.

Appears in 10 contracts

Samples: Credit Agreement (Lamar Media Corp/De), Credit Agreement (Lamar Media Corp/De), Credit Agreement (Lamar Media Corp/De)

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Instrument for the Payment of Money. Each Subsidiary Guarantor hereby acknowledges that the guarantee in this Article III constitutes an instrument for the payment of money, and consents and agrees that any the Issuing Lender, any Lender, any Secured Cash Management Bank, any Secured Swap Provider Lender or the Administrative Agent, at its sole option, in the event of a dispute by the Subsidiary Guarantors in the payment of any moneys due hereunder, shall have the right to bring motion motion-action under New York CPLR Section 3213.

Appears in 2 contracts

Samples: Credit Agreement (Lamar Advertising Co), Credit Agreement (Lamar Advertising Co)

Instrument for the Payment of Money. Each Subsidiary Guarantor hereby acknowledges that the guarantee in this Article III constitutes an instrument for the payment of money, and consents and agrees that any the Issuing Lender, any Lender, Lender (and any Secured Cash Management Bank, Affiliate thereof party to any Secured Swap Provider Agreement) or the Administrative Agent, at its sole option, in the event of a dispute by the Subsidiary Guarantors in the payment of any moneys due hereunder, shall have the right to bring motion motion-action under New York CPLR Section 3213.

Appears in 1 contract

Samples: Credit Agreement (Ohio Logos Inc)

Instrument for the Payment of Money. Each Subsidiary Guarantor hereby acknowledges that the guarantee in this Article III constitutes an instrument for the payment of money, and consents and agrees that any the Issuing Lender, any Lender, any Secured Cash Management Bank, any Secured Swap Provider Credit Agreement 58 - 53 - Lender or the Administrative Agent, at its sole option, in the event of a dispute by the Subsidiary Guarantors in the payment of any moneys due hereunder, shall have the right to bring motion motion-action under New York CPLR Section 3213.

Appears in 1 contract

Samples: Credit Agreement (Lamar Advertising Co/New)

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Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this Article III constitutes an instrument for the payment of money, and consents and agrees that any Issuing Lender, any Lender, Lender (and any Secured Cash Management Bank, Affiliate thereof party to any Secured Swap Provider Agreement) or the Administrative Agent, at its sole option, in the event of a dispute by the Guarantors in the payment of any moneys due hereunder, shall have the right to bring motion motion-action under New York CPLR Section 3213.

Appears in 1 contract

Samples: Credit Agreement (Lamar Media Corp/De)

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