Common use of Invalidity of Guaranty Clause in Contracts

Invalidity of Guaranty. Any Guaranty shall cease to be in full force and effect; or any Loan Party (or any Person by, through or on behalf of any Loan Party) shall contest in any manner the validity, binding nature or enforceability of any Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Celadon Group Inc)

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Invalidity of Guaranty. Any The Guaranty shall cease to be in full force and effect; , any Guarantor shall fail (subject to any applicable grace period) to comply with or to perform any applicable provision of the Guaranty, or the Company or any Loan Party Guarantor (or any Person by, through or on behalf of the Company or any Loan PartyGuarantor) shall contest in any manner the validity, binding nature or enforceability of the Guaranty with respect to any GuarantyGuarantor.

Appears in 1 contract

Samples: Credit Agreement (Regal Beloit Corp)

Invalidity of Guaranty. Any Guaranty shall cease to be in full force and effect; or any Loan Party Guarantor (or any Person by, through or on behalf of any Loan PartyGuarantor) shall contest in any manner the validity, binding nature or enforceability of any Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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Invalidity of Guaranty. Any The Guaranty shall cease to be in full force and effect; effect with respect to any Guarantor, any Guarantor shall fail (subject to any applicable grace period) to comply with or to perform any applicable provision of the Guaranty, or any Loan Party Guarantor (or any Person by, through or on behalf of any Loan PartyGuarantor) shall contest in any manner the validity, binding nature or enforceability of any the Guaranty.

Appears in 1 contract

Samples: Credit Agreement (Weston Roy F Inc)

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