Payment of Guaranteed Obligations. At any time after all or any portion of the Guaranteed Obligations are due and payable, whether on maturity, after the acceleration of any of the Guaranteed Obligations, on the occurrence of an Event of Default, on the occurrence of any default under this Guaranty, or otherwise: (a) Lender will have the right: (i) to proceed directly against Guarantor under this Guaranty without first exhausting any other remedy it may have and without resorting to any security or guaranty held by Lender, and (ii) to compromise, settle, release, discharge or terminate any of the obligations of any other guarantor(s) of the Guaranteed Obligations as Lender, in its discretion, determines without thereby in any way affecting, limiting or diminishing its rights thereafter to enforce the obligations of Guarantor under this Guaranty; (b) Guarantor will, on the demand of Lender, immediately deposit with Lender in U.S. dollars the total amount of the Guaranteed Obligations; (c) Lender will have the right to sell, collect, or otherwise dispose of and to apply the proceeds of any collateral or other security given to Lender with respect to the Guaranteed Obligations in satisfaction of the Guaranteed Obligations; and (d) Lender will have the right to exercise all of Lender’s other powers, rights and remedies under this Guaranty, the Loan Documents and under applicable law. Lender will not have any obligation to marshal any assets in favor of Guarantor or against or in payment of any or all of the Guaranteed Obligations.
Payment of Guaranteed Obligations. Guarantor agrees, upon the failure of Owner to pay any of the Guaranteed Obligations when they become due and after the expiration of any applicable cure periods set forth in the Contract, that Guarantor will pay, or cause to be paid, any and all such unpaid Guaranteed Obligations in full upon receipt of written notice from a duly authorized officer of Beneficiary specifying such failure of Owner.
Payment of Guaranteed Obligations. The Guarantor shall make payment of the Guaranteed Obligations under Section 2.1 (Guarantor Guaranteed Obligations) as provided in the relevant Financing Documents.
Payment of Guaranteed Obligations. In the event any indebtedness of the Borrower under this Agreement is not paid when due, the Guarantor will pay to the Lenders the entire amount of the Borrower’s liability due hereunder (including interest charges to the date of payment) on demand and the Lenders need not first proceed to preserve, utilize or exhaust any other right or remedy against the Borrower or any security the Lenders or the Agent may have to obtain payment. Such payment shall be made to the Agent at the place and in the currency where and in which the indebtedness was incurred. Except as set forth in Section 9.02 hereof, the Guarantor authorizes the Lenders, without notice to or demand on the Guarantor and without affecting the Guarantor’s liability hereunder, from time to time to renew, extend, accelerate, compromise, settle, restructure, refinance, refund or otherwise change the amount and time for payment of the Guaranteed Obligations, or otherwise change the terms of the Guaranteed Obligations or any part thereof, by agreement with the Borrower.
Payment of Guaranteed Obligations. 4 2.4 No Set-off ........................................................ 4 2.5 Taxes ............................................................. 4 2.6
Payment of Guaranteed Obligations. The Guarantor hereby guarantees that the Guaranteed Obligations will be paid for the ratable benefit of the Banks without set-off or counterclaim in lawful currency of the United States of America at the office of the Collateral Agent located at 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000. The Guarantor shall make any payments required hereunder upon receipt of written notice thereof from the Agent or Collateral Agent or any Bank; provided, however, that the failure of the Agent or Collateral Agent or any Bank to give such notice shall not affect the Guarantor's obligations hereunder.
Payment of Guaranteed Obligations. Any sums payable by Guarantor hereunder shall be paid within ten (10) days after written demand by City, with interest at the applicable statutory rate.
Payment of Guaranteed Obligations. The obligation of the Guarantor hereunder shall be to make prompt payment to the Creditors of the Obligations in the event any of the Obligations are not paid by the Borrower when due and the Creditors need not first proceed to preserve, utilize or exhaust any other right or remedy against the Borrower or any security the Creditors may have to obtain payment, it being the intent of this paragraph that the Guarantor’s obligations hereunder to pay the Obligations shall be absolute and unconditional under any and all circumstances, except as otherwise set forth in this Guarantee. Amounts required to be paid hereunder to the Creditors by the Guarantor will be payable on demand within 5 business days in the currency in which the Obligations were incurred to the account or accounts, as the case may be, notified to the Guarantor by the Creditors.
Payment of Guaranteed Obligations. If Guarantor fails to make when due any payment required to be made by it under this Guaranty (a “Guaranty Payment”), then such Guaranty Payment shall bear interest from such due date until paid at the Default Rate (as such term is defined in the Note) from time to time in effect. Interest accrued hereunder with respect to any Guaranty Payment shall be payable on demand and shall be calculated on the basis of the actual number of days elapsed on a three hundred sixty (360) day year, which results in higher interest than if a three hundred sixty five (365) day year were used.
Payment of Guaranteed Obligations. Any amounts received by the Administrative Agent under this Guaranty from whatever source on accounts of the Guaranteed Obligations shall be applied by the Administrative Agent in the manner set forth in Section 6.02 of the Credit Agreement for the application of proceeds of any sale, disposition or other realization upon all or any part of the Collateral.
