Common use of Payment Provisions in the Event of Bankruptcy Clause in Contracts

Payment Provisions in the Event of Bankruptcy. In the event, prior to the Completion Guaranty Termination Date, that Borrower becomes insolvent or subject to an Insolvency Proceeding as defined below, notwithstanding Section 1, Completion Guarantors jointly and severally guarantee and agree that:

Payment Provisions in the Event of Bankruptcy. In the event, prior to the Completion Guaranty Termination Date, that the Borrower becomes insolvent or subject to an Insolvency Proceeding as defined below, notwithstanding Section 12 hereof, Completion Guarantors jointly Guarantor guarantees and severally guarantee and agree agrees that: