Common use of Payment of Guaranteed Obligations Clause in Contracts

Payment of Guaranteed Obligations. (a) If any Guarantor should dissolve or become insolvent (within the meaning of the UCC), or if a petition for an order for relief with respect to any Guarantor should be filed by or against such Guarantor under any chapter of the Bankruptcy Code, or if a receiver, trustee or conservator should be appointed for any Guarantor or any of any Guarantor’s property, or if an Event of Default shall occur and be continuing, then, in any such event and whether or not any of the Guaranteed Obligations is then due and payable or the maturity thereof has been accelerated or demand for payment thereof has been made, Agent may, without notice to any Guarantor, make the Guaranteed Obligations immediately due and payable hereunder as to such Guarantor and Agent shall be entitled to enforce the obligations of such Guarantor hereunder as if the Guaranteed Obligations were then due and payable in full. If any of the Guaranteed Obligations are collected by or through an attorney at law, each Guarantor shall pay to Agent reasonable attorneys’ fees and court costs.

Payment of Guaranteed Obligations. (a) If any a Guarantor should dissolve or become insolvent (within the meaning of the UCCNew York Uniform Commercial Code), or if a petition for an order for relief with respect to any a Guarantor should be filed by or against such Guarantor under any chapter of the Bankruptcy Codeany insolvency, bankruptcy, reorganization or similar law, or if a receiver, trustee or conservator should be appointed for any a Guarantor or any of any such Guarantor’s 's property, or if an Event of Default shall occur and be continuing, then, in any such event and whether or not any of the Guaranteed Obligations is then due and payable or the maturity thereof has been accelerated or demand for payment thereof has been made, Agent Buyer may, without notice to any Guarantor, make the Guaranteed Obligations immediately due and payable hereunder as to such Guarantor Guarantors and Agent Buyer shall be entitled to enforce the obligations of such Guarantor Guarantors hereunder as if the Guaranteed Obligations were then due and payable in full. If any of the Guaranteed Obligations are collected by or through an attorney at law, each Guarantor Guarantors shall pay to Agent Buyer reasonable attorneys’ ' fees and court costs.

Payment of Guaranteed Obligations. (a) If any Guarantor should dissolve die or become insolvent (within the meaning of the UCC)incompetent, or if a petition for an order for relief with respect to any Guarantor should be filed by or against such Guarantor under any chapter of the Bankruptcy Code, or if a receiver, trustee or conservator should be appointed for any Guarantor or any of any Guarantor’s property, or if an Event of Default shall occur and be continuing, then, in any such event and whether or not any of the Guaranteed Obligations is then due and payable or the maturity thereof has been accelerated or demand for payment thereof has been made, Agent Lender may, without notice to any Guarantor, make the Guaranteed Obligations immediately due and payable hereunder as to such Guarantor Guarantor, and Agent Lender shall be entitled to enforce the obligations of such Guarantor hereunder as if the Guaranteed Obligations were then due and payable in full. If any of the Guaranteed Obligations are collected by or through an attorney at law, each Guarantor shall pay to Agent Lender reasonable attorneys’ fees and court costs.