Common use of No Revocation; Term of Guarantee Clause in Contracts

No Revocation; Term of Guarantee. This Guarantee shall continue in full force and effect and may not be terminated or otherwise revoked until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged and this Agreement and all financing arrangements among the Borrowers, the Subsidiary Borrowers, the Guarantors, the Lenders, the Agents and the Issuing Lenders shall have been terminated. If, notwithstanding the foregoing, the Guarantors (or any of them) shall have any right under applicable law to terminate or revoke this Guarantee, the Guarantors agree that such termination or revocation shall not be effective until a written notice of such revocation or termination, specifically referring hereto, signed by the Guarantors, is actually received by the Administrative Agent. Such notice shall not affect the right and power of any of the Lenders, any of the Issuing Lenders or any Agent to enforce rights arising prior to receipt thereof by the Administrative Agent. If any Lender or any Agent grants loans or takes other action, or any Issuing Bank issues Facility Letters of Credit, after a Guarantor terminates or revokes this Guarantee but before the Administrative Agent receives such written notice, the rights of such Lender or Issuing Bank with respect thereto shall be the same as if such termination or revocation had not occurred. The provisions of this Article IX 110 120 shall remain in full force and effect, notwithstanding any termination of this Agreement, until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Brightpoint Inc)

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No Revocation; Term of Guarantee. This Guarantee shall continue in -------------------------------- full force and effect and may not be terminated or otherwise revoked until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged and this Agreement and all financing arrangements among the Borrowers, the Subsidiary Borrowers, the Guarantors, the Lenders, the Agents and the Issuing Lenders shall have been terminated. If, notwithstanding the foregoing, the Guarantors (or any of them) shall have any right under applicable law to terminate or revoke this Guarantee, the Guarantors agree that such termination or revocation shall not be effective until a written notice of such revocation or termination, specifically referring hereto, signed by the Guarantors, is actually received by the Administrative Agent. Such notice shall not affect the right and power of any of the Lenders, any of the Issuing Lenders or any the Agent to enforce rights arising prior to receipt thereof by the Administrative Agent. If any Lender or any the Agent grants loans or takes other action, or any Issuing Bank Lender issues Facility Letters of Credit, after a Guarantor terminates or revokes this Guarantee but before the Administrative Agent receives such written notice, the rights of such Lender or Issuing Bank Lender with respect thereto shall be the same as if such termination or revocation had not occurred. The provisions of this Article IX 110 120 shall remain in full force and effect, ---------- notwithstanding any termination of this Agreement, until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged.

Appears in 1 contract

Samples: Credit Agreement (Pacer International Inc)

No Revocation; Term of Guarantee. This Guarantee shall continue in full force and effect and may not be terminated or otherwise revoked until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged and this Agreement and all financing arrangements among the Borrowers, the Subsidiary Borrowers, the Guarantors, the Lenders, the Agents Administrative Agent and the Issuing Lenders shall have been terminated. If, notwithstanding the foregoing, the Guarantors (or any of them) shall have any right under applicable law to terminate or revoke this Guarantee, the Guarantors agree that such termination or revocation shall not be effective until a written notice of such revocation or termination, specifically referring hereto, signed by the Guarantors, is actually received by the Administrative Agent. Such notice shall not affect the right and power of any of the Lenders, any of the Issuing Lenders or any the Administrative Agent to enforce rights arising prior to receipt thereof by the Administrative Agent. If any Lender or any the Administrative Agent grants loans or takes other action, or any Issuing Bank issues Facility Letters of Credit, after a Guarantor terminates or revokes this Guarantee but before the Administrative Agent receives such written notice, the rights of such Lender or Issuing Bank with respect thereto shall be the same as if such termination or revocation had not occurred. The provisions of this Article IX 110 120 shall remain in full force and effect, notwithstanding any termination of this Agreement, until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Brightpoint Inc)

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No Revocation; Term of Guarantee. This Guarantee shall continue in full force and effect and may not be terminated or otherwise revoked until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged and this Agreement and all financing arrangements among the Borrowers, the Subsidiary Borrowers, the Guarantors, the Lenders, the Agents and the Issuing Lenders shall have been terminated. If, notwithstanding the foregoing, the Guarantors (or any of them) shall have any right under applicable law to terminate or revoke this Guarantee, the Guarantors agree that such termination or revocation shall not be effective until a written notice of such revocation or termination, specifically referring hereto, signed by the Guarantors, is actually received by the Administrative Agent. Such notice shall not affect the right and power of any of the Lenders, any of the Issuing Lenders or any Agent to enforce rights arising prior to receipt thereof by the Administrative Agent. If any Lender or any Agent grants loans or takes other action, or any Issuing Bank issues Facility Letters of Credit, after a Guarantor terminates or revokes this Guarantee but before the Administrative Agent receives such written notice, the rights of such Lender or Issuing Bank with respect thereto shall be the same as if such termination or revocation had not occurred. The provisions of this Article IX 110 120 shall remain in full force and effect, notwithstanding any termination of this Agreement, until the Secured Obligations shall have been fully and indefeasibly paid (in cash) and discharged.. 102

Appears in 1 contract

Samples: Security Agreement (Brightpoint Inc)

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