Common use of Survival of Guaranty Clause in Contracts

Survival of Guaranty. All covenants, agreements, representations and warranties made by Borrower or any Guarantor in the Credit Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Guaranty or any other Credit Document shall be considered to have been relied upon by the Lenders and shall survive the execution and delivery of the Credit Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any Lender or on its behalf and notwithstanding that Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended under the Credit Agreement, and shall continue in full force and effect until (A) all the Guaranteed Obligations have been fully and indefeasibly paid in cash, (B) the Lenders have no further commitment to lend under the Credit Agreement, (C) the aggregate amount available for drawing under all Letters of Credit outstanding and all Reimbursement Obligations outstanding have been reduced to zero and (D) the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.

Survival of Guaranty. All covenants, agreements, representations and warranties made by any Borrower or any Guarantor in the Credit Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Guaranty or any other Credit Document shall be considered to have been relied upon by the Lenders and shall survive the execution and delivery of the Credit Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any Lender or on its behalf and notwithstanding that Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended under the Credit Agreement, and shall continue in full force and effect until (A) all the Guaranteed Obligations have been fully and indefeasibly paid in cash, (B) the Lenders have no further commitment to lend under the Credit Agreement, (C) the aggregate amount available for drawing under all Letters of Credit outstanding and all Reimbursement Obligations outstanding have been reduced to zero and (D) the Issuing Bank has no further obligation to issue Letters of Credit under the Credit Agreement.