Common use of Unenforceability of Obligations Against Borrowers Clause in Contracts

Unenforceability of Obligations Against Borrowers. If for any reason any of the Borrowers has no legal existence or is under no legal obligation to discharge any of the Obligations, or if any of the Obligations have become irrecoverable from the Borrowers by operation of law or for any other reason, the guaranty contained herein shall nevertheless be binding on the Guarantor to the same extent as if the Guarantor at all times had been the principal obligor on all such Obligations. In the event that acceleration of the time for payment of the Obligations is stayed upon the insolvency, bankruptcy or reorganization of any of the Obligors, or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement evidencing, securing or otherwise executed in connection with any Obligation shall be immediately due and payable by the Guarantor.

Unenforceability of Obligations Against Borrowers. If for any reason Borrowers (or any of the Borrowers has them) have no legal existence or is are under no legal obligation to discharge any of the ObligationsObligation, or if any of the Obligations have Obligation has become irrecoverable from the Borrowers (or any of them) by operation of law or for any other reason, the guaranty contained herein this Guaranty shall nevertheless be binding on the Guarantor Guarantors to the same extent as if the Guarantor Guarantors at all times had been the principal obligor on all such ObligationsObligation. In the event that If acceleration of the time for payment of the Obligations any Obligation is stayed upon the insolvency, bankruptcy or reorganization of Borrowers (or any of the Obligors, them) or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement document evidencing, securing or otherwise executed or delivered in connection with any such Obligation shall be immediately due and payable by the GuarantorGuarantors.

Unenforceability of Obligations Against Borrowers. If for any reason any of the Borrowers has have no legal existence or is are under no legal obligation to discharge any of the Obligations, or if any of the Obligations have become irrecoverable from the Borrowers by operation of law or for any other reason, the guaranty contained herein this Guaranty shall nevertheless be binding on the Guarantor Guarantors to the same extent as if the Guarantor Guarantors at all times had been the principal obligor on all such Obligations. In the event that acceleration of the time for payment of the Obligations is stayed upon the insolvency, bankruptcy or reorganization of any of the Obligorsa Borrower, or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement evidencing, securing or otherwise executed in connection with any Obligation shall be immediately due and payable by the Guarantor.Guarantors. 154

Unenforceability of Obligations Against Borrowers. If for any reason any of the Borrowers has have no legal existence or is are under no legal obligation to discharge any of the Obligations, or if any of the Obligations have become irrecoverable from the Borrowers by operation of law or for any other reason, the guaranty contained herein this Guaranty shall nevertheless be binding on the Guarantor Guarantors to the same extent as if the Guarantor Guarantors at all times had been the principal obligor on all such Obligations. In the event that acceleration of the time for payment of the Obligations is stayed upon the insolvency, bankruptcy or reorganization of any of the Obligorsa Borrower, or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement evidencing, securing or otherwise executed in connection with any Obligation shall be immediately due and payable by the GuarantorGuarantors.

Unenforceability of Obligations Against Borrowers. If for any reason any of the Borrowers has have no legal existence or is are under no legal obligation to discharge any of the Obligationsobligations, or if any of the Obligations have become irrecoverable from the Borrowers by operation of law or for any other reason, the guaranty contained herein this Guaranty shall nevertheless be binding on the Guarantor Guarantors to the same extent as if the Guarantor Guarantors at all times had been the principal obligor on all such Obligations. In the event that acceleration of the time for payment of the Obligations is stayed upon the insolvency, bankruptcy or reorganization of any of the Obligorsa Borrower, or for any other reason, all such amounts otherwise subject to acceleration under the terms of any agreement evidencing, securing or otherwise executed in connection with any Obligation shall be immediately due and payable by the GuarantorGuarantors.