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

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 constitutes an instrument for the payment of money only, and consents and agrees that Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money only.

Appears in 5 contracts

Samples: Loan and Security Agreement (Summer Infant, Inc.), Loan and Security Agreement (Summer Infant, Inc.), Loan and Security Agreement (Summer Infant, Inc.)

AutoNDA by SimpleDocs

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 3 constitutes an instrument for the payment of money onlymoney, and consents and agrees that the Agent, the Issuing BankLender, or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 5 contracts

Samples: Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.)

Instrument for the Payment of Money. Each of the Guarantors Guarantor hereby acknowledges that the guarantee in this Section 14 Article III constitutes an instrument for the payment of money onlymoney, and consents and agrees that any Noteholder or the Administrative Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor the Guarantors in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 3 contracts

Samples: Senior Secured Floating Rate Note Purchase Agreement (Affinity Group Holding Inc), Senior Secured Floating Rate Note Purchase Agreement (Affinity Group Holding, Inc.), Senior Secured Floating Rate Note Purchase Agreement (Affinity Group Inc)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 3 constitutes an instrument for the payment of money onlymoney, and consents and agrees that Agent, the Lender or the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 2 contracts

Samples: Credit and Security Agreement (Ufp Technologies Inc), Credit and Security Agreement (Ufp Technologies Inc)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 3 constitutes an instrument for the payment of money onlymoney, and consents and agrees that Agent, the Issuing Bank, or any LenderLenders, at its their sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 2 contracts

Samples: Credit and Security Agreement (Progenity, Inc.), Credit and Security Agreement (Progenity, Inc.)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 constitutes an instrument for the payment of money only, and consents and agrees that Agent, the Issuing Bank, Agent or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money only.

Appears in 2 contracts

Samples: Subordination Agreement (Summer Infant, Inc.), Term Loan and Security Agreement (Summer Infant, Inc.)

Instrument for the Payment of Money. Each of the Guarantors Guarantor hereby acknowledges that the guarantee in this Section 14 Article XI constitutes an instrument for the payment of money onlymoney, and consents and agrees that any Purchaser or the Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor the Guarantors in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Subordinated Notes and Warrant Purchase Agreement (Sheldahl Inc)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 3 constitutes an instrument for the payment of money onlymoney, and consents and agrees that Agent, the Issuing Bank, Agent or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Credit Agreement (Haights Cross Communications Inc)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 3 constitutes an instrument for the payment of money onlymoney, and consents and agrees that Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to seek summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Term Loan Agreement (Applica Inc)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee Guarantee in this Section 14 constitutes an instrument for the payment of money only, and consents and agrees that Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money only.

Appears in 1 contract

Samples: Loan and Security Agreement (Stonemor Inc.)

AutoNDA by SimpleDocs

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 3 constitutes an instrument for the payment of money onlymoney, and consents and agrees that Agent, the Issuing Bank, Agent or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to seek summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Term Loan Agreement (Lev Pharmaceuticals Inc)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 4 constitutes an instrument for the payment of money onlymoney, and consents and agrees that the Agent, the Issuing BankL/C Issuer, or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

Instrument for the Payment of Money. Each of the Guarantors Guarantor hereby acknowledges that the guarantee in this Section 14 Article III constitutes an instrument for the payment of money onlymoney, and consents and agrees that any Purchaser or the Administrative Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor the Guarantors in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Second Lien Note Purchase Agreement (Affinity Group Inc)

Instrument for the Payment of Money. Each of the Domestic Guarantors hereby acknowledges that the guarantee in this Section 14 Article 3 constitutes an instrument for the payment of money onlymoney, and consents and agrees that the Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Domestic Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Credit and Security Agreement (Gerber Scientific Inc)

Instrument for the Payment of Money. Each of the Guarantors Guarantor hereby acknowledges that the guarantee in this Section 14 Article III constitutes an instrument for the payment of money onlymoney, and consents and agrees that any Lender or the Administrative Agent, the Issuing Bank, or any Lender, at its sole option, in the event of a dispute by such Guarantor the Guarantors in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Credit Agreement (Affinity Group Holding, Inc.)

Instrument for the Payment of Money. Each of the Guarantors hereby acknowledges that the guarantee in this Section 14 Article 4 constitutes an instrument for the payment of money onlymoney, and consents and agrees that the Agent, the Issuing BankLC Issuer, or any Lender, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to summary judgment or such other expedited procedure as may be available for a suit on a note or other instrument for the payment of money onlymoney.

Appears in 1 contract

Samples: Credit and Security Agreement (Ameresco, Inc.)

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