Common use of Payments of Guaranteed Obligations Clause in Contracts

Payments 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 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. The Guarantor shall make any payments required hereunder upon receipt of written notice thereof from the Agents or Collateral Agent or any Bank; PROVIDED, HOWEVER, that the failure of the Agents or Collateral Agent or any Bank to give such notice shall not affect the Guarantor's obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Morris Material Handling Inc), Assignment and Assumption Agreement (MMH Holdings Inc)

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Payments of Guaranteed Obligations. The Each 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 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. The Each Guarantor shall make any payments required hereunder upon receipt of written notice thereof from the Agents or Collateral Agent or any Bank; PROVIDED, HOWEVER, that the failure of the Agents or Collateral Agent or any Bank to give such notice shall not affect the any Guarantor's obligations hereunder.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (MMH Holdings Inc), Credit Agreement (Morris Material Handling Inc)

Payments of Guaranteed Obligations. The Each 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 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. The Each Guarantor shall make any payments required hereunder upon receipt of written notice thereof from the Agents or Collateral Agent or any Bank; PROVIDEDprovided, HOWEVERhowever, that the failure of the Agents or Collateral Agent or any Bank to give such notice shall not affect the any Guarantor's obligations hereunder.

Appears in 1 contract

Samples: Subsidiary Guarantee (MMH Holdings Inc)

Payments 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 000 Xxxxxxxxx Xxxxxx1211 Avenue of the Americas, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000. The Guarantor shall make any payments required hereunder upon receipt of written notice thereof from the Agents Agent or Collateral Agent or any Bank; PROVIDEDprovided, HOWEVERhowever, that the failure of the Agents Agent or Collateral Agent or any Bank to give such notice shall not affect the Guarantor's obligations hereunder.

Appears in 1 contract

Samples: Securities Pledge Agreement (Carson Inc)

Payments 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 000 Xxxxxxxxx Xxxxxx1211 Avenue of the Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000. The Guarantor shall make any payments required hereunder upon receipt of written notice thereof from the Agents Agent or Collateral Agent or any Bank; PROVIDEDprovided, HOWEVERhowever, that the failure of the Agents Agent or Collateral Agent or any Bank to give such notice shall not affect the Guarantor's obligations hereunder.

Appears in 1 contract

Samples: Securities Pledge Agreement (Carson Inc)

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Payments 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 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. The Guarantor shall make any payments required hereunder upon receipt of written notice thereof from the Agents or Collateral Agent or any Bank; PROVIDEDprovided, HOWEVERhowever, that the failure of the Agents or Collateral Agent or any Bank to give such notice shall not affect the Guarantor's obligations hereunder.

Appears in 1 contract

Samples: Holdings Guarantee (MMH Holdings Inc)

Payments of Guaranteed Obligations. The Guarantor Each of the Guarantors 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 000 Xxxxxxxxx Xxxxxx1211_Avenue of the Americas, 7th Xxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000. The Guarantor Xach of the Guarantors shall make any payments required hereunder upon receipt of written notice thereof from the Agents Agent or Collateral Agent or any Bank; PROVIDEDprovided, HOWEVERhowever, that the failure of the Agents Agent or Collateral Agent or any Bank to give such notice shall not affect the Guarantor's Guarantors' obligations hereunder.

Appears in 1 contract

Samples: Securities Pledge Agreement (American Telecasting Inc/De/)

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