Common use of Survival of Guaranty Clause in Contracts

Survival of Guaranty. Notwithstanding anything to the contrary herein, this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any of the amounts paid to any of the Beneficiaries, in whole or in part, is required to be repaid upon the insolvency, bankruptcy, dissolution, liquidation, or reorganization of the Guarantor or the Owner Participant or any other Person, or as a result of the appointment of a custodian, receiver, trustee, or other officer with similar powers with respect to the Guarantor or the Owner Participant or any other Person or any substantial part of the property of the Guarantor or the Owner Participant or such other Person, all as if such payments had not been made.

Appears in 2 contracts

Samples: Participation Agreement (Southwest Airlines Co), Participation Agreement (Southwest Airlines Co)

AutoNDA by SimpleDocs

Survival of Guaranty. Notwithstanding anything to the contrary herein, this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any of the amounts paid to any of the BeneficiariesBeneficiary, in whole or in part, is required to be repaid upon the insolvency, bankruptcy, dissolution, liquidation, or reorganization of the Guarantor or Guarantor, the Owner Participant Issuer or any other Person, or as a result of the appointment of a custodian, interviewer, receiver, trustee, or other officer with similar powers with respect to the Guarantor or Guarantor, the Owner Participant Issuer or any other Person or with respect to any substantial part of the property of the Guarantor or Guarantor, the Owner Participant Issuer or such other Person, all as if such payments had not been made.

Appears in 2 contracts

Samples: Debt Service Reserve Guaranty (Dominion Resources Inc /Va/), Debt Service Reserve Guaranty (Dominion Resources Inc /Va/)

Survival of Guaranty. Notwithstanding anything to the contrary herein, this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any of the amounts paid to any of the Beneficiaries, in whole or in part, is required to be repaid upon the insolvency, bankruptcy, dissolution, liquidation, or reorganization of the Guarantor or the Owner Participant Company or any other Person, or as a result of the appointment of a custodian, receiver, trustee, or other officer with similar powers with respect to the Guarantor or the Owner Participant Company or any other Person or any substantial part of the property of the Guarantor or the Owner Participant Company or such other Person, all as if such payments had not been made.

Appears in 1 contract

Samples: Owner Participant Guaranty (Federal Express Corp)

Survival of Guaranty. Notwithstanding anything to the contrary herein, this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any of the amounts paid to any of the BeneficiariesGuaranteed Parties, in whole or in part, is required to be repaid upon the insolvency, bankruptcy, dissolution, liquidation, or reorganization of the Guarantor or the Owner Participant or any other Person, or as a result of the appointment of a custodian, interviewer, receiver, trustee, or other officer with similar powers with respect to the Guarantor or the Owner Participant or any other Person or any substantial part of the property of the Guarantor or the Owner Participant or such other Person, all as if such payments had not been made.

Appears in 1 contract

Samples: Op Guaranty (Dynegy Danskammer LLC)

AutoNDA by SimpleDocs

Survival of Guaranty. Notwithstanding anything to the contrary herein, this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any of the amounts paid to any of the Beneficiaries, in whole or in part, is required to be repaid upon the insolvency, bankruptcy, dissolution, liquidation, or reorganization of the Owner Participant Guarantor or the Owner Participant or any other Person, or as a result of the appointment of a custodian, receiver, trustee, or other officer with similar powers with respect to the Owner Participant Guarantor or the Owner Participant or any other Person or any substantial part of the property of the Owner Participant Guarantor or the Owner Participant or such other Person, all as if such payments had not been made.

Appears in 1 contract

Samples: Owner Participant Guaranty (Federal Express Corp)

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