Term of Guaranty. This Guaranty and all guaranties, covenants and ---------------- agreements of Guarantor contained herein shall continue in full force and effect and shall not be discharged until such time as all the Obligations shall be indefeasibly paid in full in cash and all the agreements of Lessee and Guarantor hereunder and under Construction Agency Agreement, the Lease, the Participation Agreement and the other Operative Documents shall have been duly performed. If, as a result of any bankruptcy, dissolution, reorganization, insolvency, arrangement or liquidation proceedings (or proceedings similar in purpose or effect), or if for any other reason any payment received by any Beneficiary in respect of the Obligations is rescinded or must be returned by such Beneficiary, this Guaranty shall continue to be effective as if such payment had not been made and, in any event, as provided in the preceding sentence.
Appears in 3 contracts
Samples: Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc), Participation Agreement (Electric Lightwave Inc)
Term of Guaranty. This Guaranty and all guaranties, covenants and ---------------- agreements of each Guarantor contained herein shall continue in full force and effect and shall not be discharged until such time as all the Guaranteed Obligations shall be indefeasibly fully and finally paid in full in cash and all the agreements of Lessee Lessees and such Guarantor hereunder and under Construction Agency the Participation Agreement, the Lease, the Participation Agreement Lease and the other Operative Documents shall have been duly performed. If, as a result of any bankruptcy, dissolution, reorganization, insolvency, arrangement or liquidation proceedings (or proceedings similar in purpose or effect), ) or if for any other reason reason, any payment received by any Beneficiary in respect of the Guaranteed Obligations is rescinded or must be returned by such Beneficiary, this Guaranty shall continue to be effective as if such payment had not been made and, in any event, as provided in the preceding sentence.
Appears in 2 contracts
Samples: Guaranty (Mandalay Resort Group), Guaranty (Mandalay Resort Group)
Term of Guaranty. This Guaranty and all guaranties, covenants and ---------------- agreements of Guarantor contained herein herein, shall continue in full force and effect and shall not be discharged until such time as all the Guaranteed Obligations shall be indefeasibly paid in full in cash and all the agreements of Lessee and Guarantor hereunder and under Construction Agency Agreement, the Lease, the Participation Construction Agency Agreement and the other Operative Documents shall have been duly performed. If, as a result of any bankruptcy, dissolution, reorganization, insolvency, arrangement or liquidation proceedings (or proceedings similar in purpose or effect), ) or if for any other reason reason, any payment received by any Beneficiary in respect of the Guaranteed Obligations is rescinded or must be returned by such Beneficiary, this Guaranty shall continue to be effective as if such payment had not been made and, in any event, as provided in the preceding sentence.
Appears in 1 contract
Term of Guaranty. This Guaranty and all guaranties, covenants and ---------------- agreements of Guarantor contained herein shall continue in full force and effect and shall not be discharged until such time as all the Guaranteed Obligations shall be indefeasibly paid in full in cash and all the agreements of Lessee and Guarantor hereunder and the Lessee hereunder and under Construction Agency Agreement, the Lease, the Participation Agreement and the other Operative Documents shall have been duly performed. If, as a result of any bankruptcy, dissolution, reorganization, insolvency, arrangement or liquidation proceedings (or proceedings similar in purpose or effect), or if for any other reason any payment received by any Beneficiary in respect of the Guaranteed Obligations is rescinded or must be returned by such Beneficiary, this Guaranty shall continue to be effective as if such payment had not been made and, in any event, as provided in the preceding sentence. SECTION 8.
Appears in 1 contract
Samples: Guaranty (Stratosphere Corp)
Term of Guaranty. This Guaranty and all guaranties, covenants ---------------- and ---------------- agreements of Guarantor contained herein shall continue in full force and effect and shall not be discharged until such time as all the Obligations shall be indefeasibly paid in full in cash and all the agreements of Guarantor and each other Lessee and Guarantor hereunder and under Construction Agency Agreement, the Lease, the Participation Agreement and the other Operative Documents Agreements shall have been duly performed. If, as a result of any bankruptcy, dissolution, reorganization, insolvency, arrangement or liquidation proceedings (or proceedings similar in purpose or effect), ) or if for any other reason reason, any payment received by any Beneficiary in respect of the Obligations is rescinded or must be returned by such Beneficiary, this Guaranty shall continue to be effective as if such payment had not been made and, in any event, as provided in the preceding sentence.
Appears in 1 contract
Samples: Guaranty (Jp Foodservice Inc)