Common use of The Guaranty Clause in Contracts

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower under this Agreement. Upon failure by the Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 16 contracts

Sources: Credit Agreement (Us West Inc), Credit Agreement (Us West Inc), Credit Agreement (Nortel Networks Corp)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower any Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 12 contracts

Sources: Credit Agreement (Witco Corp), 364 Day Credit Agreement (Gillette Co), 364 Day Credit Agreement (Servicemaster Co)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued Loan made to and each Reimbursement Obligation incurred by the Borrower each Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower each Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 5 contracts

Sources: Credit Agreement (Praxair Inc), Credit Agreement (Praxair Inc), Credit Agreement (Praxair Inc)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower Loan made to any Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 5 contracts

Sources: Credit Agreement (Johnson Controls Inc), 364 Day Credit Agreement (Ck Witco Corp), 364 Day Credit Agreement (Gillette Co)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower Capital Funding pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower Capital Funding under this Agreement. Upon failure by the Borrower Capital Funding to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (U S West Inc /De/), Credit Agreement (Qwest Communications International Inc), Credit Agreement (U S West Communications Inc)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued all Loans and Letter of Credit Liabilities incurred by the Borrower any Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner and currency specified in this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Allergan Inc), Credit Agreement (Allergan Inc), Credit Agreement (Allergan Inc)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Loan made to each other Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the each other Borrower under this Agreement. Upon failure by the any other Borrower to pay punctually any such amount, the Company agrees that it shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 2 contracts

Sources: 364 Day Credit Agreement (Cummins Inc), 364 Day Credit Agreement (Cummins Inc)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment of the principal of and interest on each Note (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower pursuant to this Agreement, any Eligible Subsidiary and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Timberland Co)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Loan made to each Designated Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the each Designated Borrower under this AgreementAgreement (collectively, the “Designated Borrower Obligations”). Upon failure by the any Designated Borrower to pay punctually any such amountDesignated Borrower Obligations, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Salesforce, Inc.)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower each Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower each Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Albany International Corp /De/)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued all Loans incurred by the Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower under this Agreement. Upon failure by the Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner and currency specified in this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Allergan Inc)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Loan made to each Designated Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the each Designated Borrower under this Agreement. Upon failure by the any Designated Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Cliffs Natural Resources Inc.)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by Loan made to the Co-Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Co-Borrower under this Agreement. Upon failure by the Co-Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Sources: Credit Agreement (LyondellBasell Industries N.V.)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower Credit Corporation pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower Credit Corporation under this Agreement. Upon failure by the Borrower Credit Corporation to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Kerr McGee Corp)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued Loan borrowed by the Borrower any Eligible Subsidiary pursuant to this Agreement, Agreement and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner and currency specified in this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Boise Cascade Office Products Corp)