Common use of Loss of Guarantor Clause in Contracts

Loss of Guarantor. Any guarantor of the Obligations dies, terminates his/her/its guaranty, becomes the subject of an Insolvency Proceeding, or contests his/her/its obligations under such a guaranty; or if any such guaranty of the Obligations ceases to be valid or enforceable for any reason;

Appears in 2 contracts

Samples: Loan and Security Agreement (International Food & Beverage Inc /De/), Loan and Security Agreement (Eip Microwave Inc)

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Loss of Guarantor. Any guarantor of the Obligations obligations dies, terminates his/her/its guaranty, guaranty or becomes the subject of an Insolvency Proceeding, or contests his/her/its obligations under such a guaranty; or if any such guaranty of the Obligations ceases to be valid or enforceable for any reason;or

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

Loss of Guarantor. Any guarantor of the Obligations dies, revokes or terminates his/her/its guaranty, becomes the subject of an Insolvency Proceeding, or contests his/her/its obligations under such a guaranty; or if any such guaranty of the Obligations ceases to be valid or enforceable for any reason;

Appears in 1 contract

Samples: Secured Revolving Credit and Letter of Credit Facility (Digital Recorders Inc)

Loss of Guarantor. Any guarantor of the Obligations dies, dies or terminates his/her/its guaranty or gives notice of termination of its guaranty, becomes the subject of an Insolvency Proceeding, or contests his/her/its obligations under such a guaranty; or if any such guaranty of the Obligations ceases to be valid or enforceable for any reason;or

Appears in 1 contract

Samples: Loan and Security Agreement (Hmi Industries Inc)

Loss of Guarantor. Any guarantor of the Obligations dies, terminates his/her/its guaranty, guaranty or becomes the subject of an Insolvency Proceeding, or contests his/her/its obligations under such a guaranty; or if any such guaranty of the Obligations ceases to be valid or enforceable for any reason;or

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

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Loss of Guarantor. Any guarantor of the Obligations dies, terminates his/her/its guaranty, becomes the subject of an Insolvency Proceeding, or contests his/her/its obligations under such a guaranty; or if any such guaranty of the Obligations ceases to be valid or enforceable for any reason;

Appears in 1 contract

Samples: Loan and Security Agreement (Annies Homegrown Inc)

Loss of Guarantor. Any guarantor of the Obligations dies, terminates his/her/its guaranty, becomes the subject of an Insolvency Proceeding, or contests his/her/its obligations under such a guaranty; or if any such guaranty of the Obligations ceases to be valid or enforceable for any reason;; 8.16

Appears in 1 contract

Samples: Loan and Security Agreement (Eip Microwave Inc)

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