Common use of Payment Guaranty Clause in Contracts

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 5 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

AutoNDA by SimpleDocs

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 3 contracts

Samples: Credit Agreement (Lsi Logic Corp), Credit Agreement (Lsi Logic Corp), Credit Agreement (Lsi Logic Corp)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of AgentLender, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 2 contracts

Samples: Loan Agreement (Onepoint Communications Corp /De), Loan Agreement (Onepoint Communications Corp /De)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 2 contracts

Samples: Credit Agreement (Adac Laboratories), Credit Agreement (Adac Laboratories)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 2 contracts

Samples: Credit Agreement (Indus International Inc), Credit Agreement (Quantum Corp /De/)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower Co-Issuer is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Agent, any and all of the Noteholder any Guaranteed Obligations allocable to such Noteholder (including any and all related Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit DocumentsAgreement and the Notes, whether or not such obligations are then due and payable by any Guarantor the Co-Issuers and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Subsidiary Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Subsidiary Guaranty (Drew Industries Incorporated)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Credit Agreement (Flextronics International LTD)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower the Company is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of AgentPurchasers, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Transaction Documents, whether or not such obligations are then due and payable by any Guarantor the Company and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Note Purchase Agreement (Satcon Technology Corp)

AutoNDA by SimpleDocs

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of AgentLender, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Loan Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Loan Agreement (Palm Inc)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of AgentVPVP, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Operative Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Guarantee Agreement (DSL Net Inc)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Administrative Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Collateral Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Credit Agreement (Bell Microproducts Inc)

Payment Guaranty. Each Guarantor unconditionally guarantees and promises to pay and perform as and when due, whether at stated maturity, upon acceleration or otherwise, any and all of the Guaranteed Obligations. If any Debtor Relief Insolvency Proceeding relating to any Borrower is commenced, each Guarantor further unconditionally guarantees and promises to pay and perform, upon the demand of Agent, any and all of the Guaranteed Obligations (including any and all Disallowed Post-Commencement Interest and Expenses) in accordance with the terms of the Credit Borrower Loan Documents, whether or not such obligations are then due and payable by any Guarantor Borrower and whether or not such obligations are modified, reduced or discharged in such Debtor Relief Insolvency Proceeding. This Guaranty is a guaranty of payment and not of collection.

Appears in 1 contract

Samples: Guaranty (Lam Research Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!