Common use of Invalidity of Guaranty Clause in Contracts

Invalidity of Guaranty. 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 Guarantor (or any Person by, through or on behalf of the Company or any Guarantor) shall contest in any manner the validity, binding nature or enforceability of the Guaranty with respect to any Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Regal Beloit Corp)

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Invalidity of Guaranty. The Guaranty shall cease to be in full force and effecteffect 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 the Company or any Guarantor (or any Person by, through or on behalf of the Company or any Guarantor) shall contest in any manner the validity, binding nature or enforceability of the Guaranty with respect to any GuarantorGuaranty.

Appears in 1 contract

Samples: Credit Agreement (Weston Roy F Inc)

Invalidity of Guaranty. The Any 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 Guarantor Loan Party (or any Person by, through or on behalf of the Company or any GuarantorLoan Party) shall contest in any manner the validity, binding nature or enforceability of the Guaranty with respect to any GuarantorGuaranty.

Appears in 1 contract

Samples: Credit Agreement (Celadon Group Inc)

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Invalidity of Guaranty. The Any 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 Guarantor (or any Person by, through or on behalf of the Company or any Guarantor) shall contest in any manner the validity, binding nature or enforceability of the Guaranty with respect to any GuarantorGuaranty.

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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