Common use of Stay of Acceleration Clause in Contracts

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors immediately upon demand by the Administrative Agent.

Appears in 9 contracts

Samples: Term Loan Agreement (STAG Industrial, Inc.), Credit Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.)

AutoNDA by SimpleDocs

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors immediately upon demand by the Administrative Agent.

Appears in 9 contracts

Samples: Credit Agreement (Ashford Inc.), Credit Agreement (Ashford Hospitality Prime, Inc.), Term Loan Agreement (STAG Industrial, Inc.)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative Agent.

Appears in 9 contracts

Samples: Credit Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative Agent.

Appears in 7 contracts

Samples: Term Loan Agreement (STAG Industrial, Inc.), Credit Agreement (Sunstone Hotel Investors, Inc.), Credit Agreement (Sunstone Hotel Investors, Inc.)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors immediately upon demand by the Administrative Agent.

Appears in 5 contracts

Samples: Guaranty Agreement (Armada Hoffler Properties, Inc.), Guaranty Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (PMC Commercial Trust /Tx)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Texas Roadhouse, Inc.), Credit Agreement (Texas Roadhouse, Inc.), Subsidiary Guaranty Agreement (Armor Holdings Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Guarantied Obligations is stayed, upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower Subject Member or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative AgentBeneficiaries.

Appears in 3 contracts

Samples: Exchange Agreement (Sunoco Logistics Partners L.P.), Guaranty Agreement (Heckmann CORP), Guaranty Agreement (Heckmann CORP)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, stayed upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or any other person or entity, or otherwiseCompany, all such amounts otherwise subject to acceleration under the terms of the Indenture and the Securities shall nonetheless be payable by the Guarantors immediately upon Guarantor forthwith on demand by the Administrative AgentTrustee.

Appears in 2 contracts

Samples: Indenture (Hard Rock Hotel Inc), Indenture (Hard Rock Hotel Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantors, jointly and severally, immediately upon demand by the Administrative AgentBank.

Appears in 2 contracts

Samples: Reimbursement Agreement (Patterson Uti Energy Inc), Continuing Guaranty (Patterson Uti Energy Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative AgentLender.

Appears in 2 contracts

Samples: Credit Agreement (Usana Health Sciences Inc), Continuing Guaranty (Nelnet Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative AgentXxxxxx.

Appears in 2 contracts

Samples: Guaranty (North American Vaccine Inc), Guaranty (North American Vaccine Inc)

AutoNDA by SimpleDocs

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Ashford Hospitality Prime, Inc.), Credit Agreement (Ashford Hospitality Prime, Inc.)

Stay of Acceleration. In the event that If acceleration of the time for payment of any of the Guaranteed Obligations amount payable by any Guarantor under any Loan Document or any applicable Secured Hedge Agreement or Secured Cash Management Agreement is stayed, stayed upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower or any other person or entity, or otherwisesuch Guarantor, all such amounts otherwise subject to acceleration under the terms of the Loan Documents shall nonetheless be payable by the Guarantors immediately upon Borrower under this Article XI forthwith on demand by the Administrative AgentAgent made at the written request of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Capella Education Co)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, bankruptcy or reorganization of the Borrower Borrowers or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors each Guarantor immediately upon demand by the Administrative AgentAgent or any Lender.

Appears in 1 contract

Samples: Continuing Guaranty Agreement (RFS Partnership Lp)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, in connection with any case commenced by or reorganization of against the Borrower or any other person or entityGuarantor under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by the Guarantors Guarantor immediately upon demand by the Administrative Agent.

Appears in 1 contract

Samples: Continuing Guaranty (Prospect Medical Holdings Inc)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, stayed upon the insolvency, bankruptcy, or reorganization of the Borrower or any other person or entity, Charterer or otherwise, all such amounts Guaranteed Obligations shall nonetheless be payable by the Guarantors Guarantor, in full, immediately upon demand by the Administrative AgentTrustee.

Appears in 1 contract

Samples: Guaranty Agreement (International Shipholding Corp)

Stay of Acceleration. In the event that acceleration of the time for payment of any of the Guaranteed Obligations is stayed, upon the insolvency, bankruptcy, or reorganization of the Borrower or any other person or entity, or otherwise, all such amounts shall nonetheless be payable by the Guarantors immediately upon demand by the Administrative Agent.

Appears in 1 contract

Samples: Guaranty (Agree Realty Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!