Stay of Borrower’s Obligations. If payment of the Borrower’s Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement evidencing, securing or otherwise executed in connection with any of the Borrower’s Obligations shall be immediately due and payable by the Guarantor.
Appears in 2 contracts
Samples: Guaranty Agreement (Solomon Technologies Inc), Guaranty Agreement (Solomon Technologies Inc)
Stay of Borrower’s Obligations. If payment of the Borrower’s Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement evidencing, securing or otherwise executed in connection with any of the Borrower’s Obligations Obligations, including the Loan Documents, shall be immediately due and payable by the Personal Guarantor.
Appears in 2 contracts
Samples: Guaranty Agreement, Guaranty Agreement (Softech Inc)
Stay of Borrower’s Obligations. If payment of the Borrower’s Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement evidencing, securing or otherwise executed in connection with any of the Borrower’s Obligations Obligations, including the Loan Documents, shall be immediately due and payable by the GuarantorCorporate Guarantors.
Appears in 1 contract
Samples: Guaranty Agreement (Softech Inc)
