Common use of Stay of Acceleration Ineffective with Respect to Guarantor Clause in Contracts

Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Supplier under the FSA is stayed upon the insolvency, bankruptcy or reorganization of Supplier, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the FSA shall nonetheless be payable by the Guarantor hereunder on written demand by Creditor.

Appears in 7 contracts

Samples: Full Requirements Service Agreement, Guaranty Agreement, Guaranty Agreement

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