Not Affected by Bankruptcy Sample Clauses

Not Affected by Bankruptcy. Notwithstanding any modification, discharge or extension of the Obligations or any amendment, modification, stay or cure of the Lender’s rights which may occur in any bankruptcy or reorganization case or proceeding against any Borrower, whether permanent or temporary, and whether or not assented to by the Lender, each of the Guarantors hereby agrees that the Guarantors shall be obligated hereunder to pay and perform the Obligations and discharge their other obligations in accordance with the terms of the Obligations and the terms of this Agreement. Each Guarantor understands and acknowledges that, by virtue of this Agreement, it has specifically assumed any and all risks of a bankruptcy or reorganization case or proceeding with respect to any Borrower. Without in any way limiting the generality of the foregoing, any subsequent modification of the Obligations in any reorganization case concerning any Borrower shall not affect the obligation of any Guarantor to pay and perform the Obligations in accordance with the original terms thereof.
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Not Affected by Bankruptcy. Notwithstanding any modification, discharge or extension of any of the Obligations or any amendment, modification, stay or cure of any Secured Party’s rights which may occur in any bankruptcy or reorganization case or proceeding against any Loan Party or any other Guarantor, whether permanent or temporary, and whether or not assented to by any of the Secured Parties, each of the Guarantors hereby agrees that the Guarantors shall be obligated hereunder to pay and perform the Obligations and discharge their other obligations in accordance with the terms of the Obligations and the terms of this Guarantee. Each Guarantor understands and acknowledges that, by virtue of this Guarantee, it has specifically assumed any and all risks of a bankruptcy or reorganization case or proceeding with respect to any Loan Party or any other Guarantor. Without in any way limiting the generality of the foregoing, any subsequent modification of any of the Obligations in any reorganization case concerning any Loan Party shall not affect the obligation of any Guarantor to pay and perform the Obligations in accordance with the original terms thereof.
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Not Affected by Bankruptcy. Notwithstanding any modification, discharge or extension of any of the Obligations or any amendment, modification, stay or cure of any Secured Party’s rights which may occur in any reorganization, bankruptcy or insolvency filing, proceeding, case, petition, application or plan of arrangement with respect to any Borrower or any other Guarantor, whether permanent or temporary, and whether or not assented to by any of the Secured Parties, each of the Guarantors hereby agrees that the Guarantors shall be obligated hereunder to pay and perform the Guaranteed Obligations and discharge their other obligations in accordance with the terms of the Obligations and the terms of this Guarantee. Each Guarantor understands and acknowledges that, by virtue of this Guarantee, it has specifically assumed any and all risks of a reorganization, bankruptcy or insolvency filing, proceeding, case, petition, application or plan of arrangement with respect to any Borrower or any other Guarantor. Without in any way limiting the generality of the foregoing, any subsequent modification of any of the Obligations in any reorganization, bankruptcy or insolvency filing, proceeding, case, petition, application or plan of arrangement concerning any Loan Party shall not affect the obligation of any Guarantor to pay and perform the Guaranteed Obligations in accordance with the original terms thereof.
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Not Affected by Bankruptcy. The Guarantor hereby agrees that its obligations hereunder shall not be released, discharged or otherwise affected by any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Seller or its assets.
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Not Affected by Bankruptcy. Notwithstanding any modification, discharge or extension of the Obligations or any amendment, modification, stay or cure of the Lender's rights which may occur in any bankruptcy or reorganization case or proceeding against the Borrower or any other Guarantor or guarantor, whether permanent or temporary, and whether or not assented to by the Lender, each Guarantor hereby agrees that the Guarantors shall be obligated hereunder to pay and perform all of its obligations under this Limited Guarantee in accordance with its terms (without regard to any such modification, discharge or extension of the Obligations of the Borrower or such other Guarantor thereunder). Without in any way limiting the generality of the foregoing, any subsequent modification of the Obligations in any reorganization case concerning the Borrower shall not affect the obligation of any Guarantor, subject to Section 12, to pay and perform the Obligations in accordance with the original terms thereof.
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Not Affected by Bankruptcy. Notwithstanding any modification, discharge or extension of the Guaranteed Amounts or any amendment, modification, stay or cure of the Lender’s rights which may occur in any bankruptcy or reorganization case or proceeding against the Borrower, whether permanent or temporary, and whether or not assented to by the Lender, the Guarantor hereby agrees that the Guarantor shall be obligated hereunder to pay and perform the Guaranteed Amounts and discharge its other obligations in accordance with the terms of the Guaranteed Amounts and the terms of this Guarantee. The Guarantor understands and acknowledges that, by virtue of this Guarantee, it has specifically assumed any and all risks of a bankruptcy or reorganization case or proceeding with respect to the Borrower. Without in any way limiting the generality of the foregoing, any subsequent modification of the Guaranteed Amounts in any reorganization case concerning the Borrower shall not affect the obligation of the Guarantor to pay and perform the Guaranteed Amounts in accordance with the original terms thereof.
Sample 1
Not Affected by Bankruptcy. Notwithstanding any modification, discharge or extension of the Obligations or any amendment, modification, stay or cure of the Lender's rights which may occur in any bankruptcy or reorganization case or proceeding against the Borrower or any other Guarantor or guarantor, whether permanent or temporary, and whether or not assented to by the Lender, each Guarantor hereby agrees that the Guarantors shall be obligated hereunder to pay and perform all of its obligations under this Limited Guarantee in accordance with its terms (without regard to any such modification, discharge or extension of the Obligations of the Borrower or such other Guarantor thereunder). Without in any way limiting the generality of the foregoing, any subsequent modification of the Obligations in any reorganization case concerning the Borrower shall not affect the obligation of any Guarantor, subject to Section 12, to pay and perform the Obligations in accordance with the original terms thereof.
Sample 1
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Not Affected by Bankruptcy. Notwithstanding any modification, discharge or extension of any of the Obligations or any amendment, modification, stay or cure of any Secured Party’s rights which may occur in any reorganization, bankruptcy or insolvency filing, proceeding, case, petition, application or plan of arrangement with respect to any Borrower or any other Guarantor, whether permanent or temporary, and whether or not assented to by any of the Secured Parties, each of the Guarantors hereby agrees that the Guarantors shall be obligated hereunder to pay and perform the Guaranteed Obligations and discharge their other obligations in accordance with the terms of the Obligations and the terms of this Guarantee. Each Guarantor understands and acknowledges that, by virtue of this Guarantee, it has specifically assumed any and all risks of a reorganization, bankruptcy or insolvency filing, proceeding, case, petition, application or plan of arrangement with respect to any Borrower or any other Guarantor. Without in any way limiting the generality of the foregoing, any subsequent modification of any of the Obligations in any reorganization, bankruptcy or insolvency filing, proceeding, case, petition, application or plan of arrangement concerning any Loan Party shall not affect the obligation of any Guarantor to pay and perform the Guaranteed Obligations in accordance with the original terms thereof.
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Related to Not Affected by Bankruptcy

  • Action if Bankruptcy If any Event of Default described in clauses (i) through (iv) of Section 9.1(h) with respect to the Borrower shall occur, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of the Loans and all other Obligations shall automatically be and become immediately due and payable, without notice or demand to any Person.

  • Termination for Insolvency The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

  • Termination Upon Insolvency Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

  • Termination for Bankruptcy In the event that either Party files for protection under bankruptcy laws, makes an assignment for the benefit of creditors, appoints or suffers appointment of a receiver or trustee over its property, files a petition under any bankruptcy or insolvency act or has any such petition filed against it which is not discharged within sixty (60) days of the filing thereof, then the other Party may terminate this Agreement effective immediately upon written notice to such Party.

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