Common use of No Stay Clause in Contracts

No Stay. Without limitation of any other provision of this Agreement, if any acceleration of the time for payment of any Guaranteed Obligation, or any condition to any such acceleration, shall at any time be stayed, enjoined or prevented for any reason (including stay or injunction resulting from the pendency against any Other Borrower or any other Person of a bankruptcy, insolvency, reorganization, dissolution or similar proceeding), the Parent agrees that, for purposes of this Article X and its obligations hereunder, such Guaranteed Obligation shall be deemed to have been accelerated, and such condition to acceleration shall be deemed to have been met.

No Stay. Without limitation limiting the generality of any other provision of this Agreement, if any acceleration of the time for payment or performance of any Guaranteed Obligation, or any condition to any such acceleration, shall at any time be stayed, enjoined or prevented for any reason (including stay or injunction resulting from the pendency against any Other the Borrower or any other Person of a bankruptcy, insolvency, reorganization, dissolution or similar proceeding), the Parent each Guarantor agrees that, for purposes of this Article X Agreement and its obligations hereunder, at the option of the Agent such Guaranteed Obligation shall be deemed to have been accelerated, accelerated and such condition to acceleration shall be deemed to have been met.

No Stay. Without limitation limiting the generality of any other provision of this Agreement, if any acceleration of the time for payment or performance of any Guaranteed Obligation, or any condition to any such acceleration, shall at any time be stayed, enjoined or prevented for any reason (including stay or injunction resulting from the pendency against any Other Borrower the Borrowers or any other Person of a bankruptcy, insolvency, reorganization, dissolution or similar proceeding), the Parent each Guarantor agrees that, for purposes of this Article X Agreement and its obligations hereunder, at the option of the Agent such Guaranteed Obligation shall be deemed to have been accelerated, accelerated and such condition to acceleration shall be deemed to have been met.

No Stay. Without limitation limiting the generality of any other provision of this Agreement, if any acceleration of the time for payment or performance of any Guaranteed Obligation, or any condition to any such acceleration, shall at any time be stayed, enjoined or prevented for any reason (including stay or injunction resulting from the pendency against any Other Borrower the Borrowers or any other Person of a bankruptcy, insolvency, reorganization, dissolution or similar proceeding), the Parent Guarantor agrees that, for purposes of this Article X Agreement and its obligations hereunder, at the option of the Agent such Guaranteed Obligation shall be deemed to have been accelerated, accelerated and such condition to acceleration shall be deemed to have been met.

No Stay. Without limitation of any other provision of this Agreement, if any acceleration of the time for payment or performance of any Guaranteed Obligation, or any condition to any such acceleration, shall at any time be stayed, enjoined or prevented for any reason (including stay or injunction resulting from the pendency against any Other the Borrower or any other Person of a bankruptcy, insolvency, reorganization, dissolution or similar proceeding), the Parent Guarantor agrees that, for purposes of this Article X Agreement and its obligations hereunder, such Guaranteed Obligation shall be deemed to have been accelerated, and such condition to acceleration shall be deemed to have been met.

No Stay. Without limitation limiting the generality of any other provision ------------ of this Agreement, if any acceleration of the time for payment or performance of any Guaranteed Obligation, or any condition to any such acceleration, shall at any time be stayed, enjoined or prevented for any reason (including stay or injunction resulting from the pendency against any Other Borrower the Borrowers or any other Person of a bankruptcy, insolvency, reorganization, dissolution or similar proceeding), the Parent Guarantor agrees that, for purposes of this Article X Agreement and its obligations hereunder, at the option of the Bank such Guaranteed Obligation shall be deemed to have been accelerated, accelerated and such condition to acceleration shall be deemed to have been met.