Payment Upon Insolvency Clause Samples

Payment Upon Insolvency. Without limiting the generality of any other provision hereof, Guarantor agrees that, in the event of any Event of Default under Section 11.1(j) of the Loan Agreement, Guarantor will pay to Agent forthwith the full amount that would be payable hereunder by Guarantor if all of the Guarantied Obligations were then due and payable, whether or not any of the Guarantied Obligations are otherwise then due and payable.