Common use of Term; Binding Effect Clause in Contracts

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender and its respective successors and assigns. Upon the payment in full of the Obligations, (i) this Guaranty shall terminate and (ii) the Lender will, upon Guarantor’s request and at Guarantor’s expense, execute and deliver to Guarantor such documents as Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 5 contracts

Samples: Subsidiary Guaranty (Converted Organics Inc.), Subsidiary Guaranty (Mesa Energy Holdings, Inc.), Subsidiary Guaranty (Medis Technologies LTD)

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Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Creditor and its respective successors and assigns. Upon the payment in full of the Obligations, (i) this Guaranty shall terminate and (ii) the Lender Creditor will, upon Guarantor’s request and at Guarantor’s expense, execute and deliver to Guarantor such documents as Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 2 contracts

Samples: Personal Guaranty (Function(x) Inc.), Personal Guaranty (Function(x) Inc.)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Guaranteed Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender and its respective successors and assigns. Upon the payment in full of the Obligations, Guaranteed Obligations (ix) this Guaranty shall terminate and (iiy) the Lender will, upon Guarantor’s the Guarantors’ request and at Guarantor’s expense, execute and deliver to the Guarantor such documents as the Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Loan Purchase and Sale Agreement (Techprecision Corp)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Lenders and its their respective successors and assigns. Upon the payment in full of the Obligations, (i) this Guaranty shall terminate and (ii) the Lender Lenders will, upon Guarantor’s request and at Guarantor’s expense, execute and deliver to Guarantor such documents as Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Security Agreement (Options Media Group Holdings, Inc.)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon the Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender and its respective successors and assigns. Upon the payment in full of the Obligations, Obligations (ia) this Guaranty shall terminate automatically and (iib) the Lender will, upon the Guarantor’s 's request and at the Guarantor’s 's expense, execute and deliver to the Guarantor such documents as the Guarantor shall reasonably request to evidence such termination, all without any representation, warranty warranty, or recourse whatsoever.

Appears in 1 contract

Samples: Guaranty (Applied Digital Corp.)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Lenders and its respective successors and assigns. Upon the payment in full of the Obligations, (i) this Guaranty shall terminate and (ii) the Lender Lenders will, upon Guarantor’s 's request and at Guarantor’s 's expense, execute and deliver to Guarantor such documents as Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Form of Personal Guaranty (Pay88)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon the Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Noteholder (on behalf of the Noteholder) and its respective successors and assigns. Upon the payment in full of the Obligations, Obligations and termination of the Note (i) this Guaranty shall terminate and (ii) the Lender Noteholder will, upon the Guarantor’s request and at the Guarantor’s expense, execute and deliver to the Guarantor such documents as the Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Security Agreement (Genius Group LTD)

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Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Creditors and its respective successors and assigns. Upon the payment in full of the Obligations, (i) this Guaranty shall terminate and (ii) the Lender Creditors will, upon Guarantor’s request and at Guarantor’s expense, execute and deliver to Guarantor such documents as Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Personal Guaranty (Function(x) Inc.)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Holders and its respective successors and assigns. Upon the payment in full of the Obligations, (i) this Guaranty shall terminate and (ii) the Lender Holders will, upon Guarantor’s request and at Guarantor’s expense, execute and deliver to Guarantor such documents as Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Personal Guaranty (Reign Sapphire Corp)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction the Obligations have been paid in full of all of the Obligationsor otherwise satisfied ; (b) be binding upon Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Lenders and its respective successors and assigns. Upon satisfaction of the Obligations (whether by payment in full or conversion of the ObligationsLoans , (i) this Guaranty shall terminate and (ii) the Lender Lenders will, upon Guarantor’s 's request and at Guarantor’s 's expense, execute and deliver to Guarantor such documents as Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Personal Guaranty (Voip Inc)

Term; Binding Effect. This Guaranty shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations; (b) be binding upon the Guarantor and its successors and permitted assigns; and (c) inure to the benefit of the Lender Agent (on behalf of the Holders) and its respective successors and assigns. Upon the payment in full of the Obligations, Obligations and termination of the Debenture (i) this Guaranty shall automatically terminate and (ii) the Lender Agent will, upon the Guarantor’s request and at the Guarantor’s expense, execute and deliver to the Guarantor such documents as the Guarantor shall reasonably request to evidence such termination, all without any representation, warranty or recourse whatsoever.

Appears in 1 contract

Samples: Guaranty (Marpai, Inc.)

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