Common use of Payment by Guarantors Clause in Contracts

Payment by Guarantors. If all or any part of the Guaranteed Debt shall not be punctually paid when due, whether at maturity or earlier by acceleration or otherwise, then Guarantors shall, immediately upon demand by Administrative Agent, and without presentment, protest, notice of protest, notice of nonpayment, notice of intention to accelerate or acceleration, or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the Guaranteed Debt to Administrative Agent, for the benefit of the Credit Parties, at Administrative Agent’s office set forth in the Credit Agreement. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Debt, and may be made from time to time with respect to the same or different items of Guaranteed Debt. Such demand shall be deemed made, given, and received in accordance with Section 5.2 hereof.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Horton D R Inc /De/), Revolving Credit Agreement (Horton D R Inc /De/)

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Payment by Guarantors. If all or any part of the Guaranteed Debt shall not be punctually paid when due, whether at maturity or earlier by acceleration or otherwise, then Guarantors shall, immediately upon within one (1) day of demand by Administrative AgentLender, and without presentment, protest, notice of protest, notice of nonpayment, notice of intention to accelerate or acceleration, acceleration or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the Guaranteed Debt to Lender. Such payment shall be made to Administrative Agent, Bank (as defined in the Loan Agreement) for the benefit account of the Credit Parties, at Administrative Agent’s office set forth in the Credit Agreementall Banks. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Debt, and may be made from time to time with respect to the same or different items of Guaranteed Debt. Such demand shall be deemed made, given, given and received in accordance with Section 5.2 5.02 hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cross Timbers Oil Co)

Payment by Guarantors. If all or any part of the Guaranteed Debt shall not be punctually paid when due, whether at maturity or earlier by acceleration or otherwise, then Guarantors shall, immediately upon demand by Administrative Agent, and without presentment, protest, notice of protest, notice of nonpayment, notice of intention to accelerate or acceleration, or any other notice whatsoever, pay pay, in lawful money of the United States of Americacurrency required by the Credit Facility, the amount due on the Guaranteed Debt to Administrative Agent, for Agent at the benefit account specified by Administrative Agent in accordance with Section 3.8.2 of the Credit Parties, at Administrative Agent’s office set forth in the Credit AgreementFacility. Such demand(s) Any such demand may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Debt, and may be made from time to time with respect to the same or different items of Guaranteed Debt. Such Any such demand shall be deemed made, given, given and received in accordance with Section 5.2 hereof6.2.

Appears in 1 contract

Samples: Guaranty Agreement (Prologis, L.P.)

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Payment by Guarantors. If all or any part of the Guaranteed Debt shall not be punctually paid when due, whether at maturity or earlier by acceleration or otherwise, then Guarantors shall, immediately upon demand by Administrative Agent, and without presentment, protest, notice of protest, notice of nonpayment, notice of intention to accelerate or acceleration, or any other notice whatsoever, pay in lawful money of the United States of America, the amount due on the Guaranteed Debt to Administrative Agent, for the benefit of the Credit Parties, at Administrative Agent’s 's office set forth in the Credit Agreement. Such demand(s) may be made at any time coincident with or after the time for payment of all or part of the Guaranteed Debt, and may be made from time to time with respect to the same or different items of Guaranteed Debt. Such demand shall be deemed made, given, and received in accordance with Section SECTION 5.2 hereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Horton D R Inc /De/)

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