Common use of Unenforceability of Xxxxxx Luxembourg Obligations Against Company Clause in Contracts

Unenforceability of Xxxxxx Luxembourg Obligations Against Company. If for any reason the Company has no legal existence or is under no legal obligation to discharge any of the Xxxxxx Luxembourg Obligations, or if any of the Xxxxxx Luxembourg Obligations have become irrecoverable from the Company by reason of the Company’s insolvency, bankruptcy or reorganization or by other operation of law or for any other reason, this Xxxxxx Switzerland Guaranty 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 Xxxxxx Luxembourg Obligations. In the event that acceleration of the time for payment of any of the Xxxxxx Luxembourg Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Company, or for any other reason, all such amounts otherwise subject to acceleration under the terms of the Credit Agreement, the Notes, the other Loan Documents or any other agreement evidencing, securing or otherwise executed in connection with any Xxxxxx Luxembourg Obligation shall be immediately due and payable by the Guarantor.

Unenforceability of Xxxxxx Luxembourg Obligations Against Company. If for any reason the Company has no legal existence or is under no legal obligation to discharge any of the Xxxxxx Luxembourg Obligations, or if any of the Xxxxxx Luxembourg Obligations have become irrecoverable from the Company Xxxxxx Luxembourg by reason of the CompanyXxxxxx Luxembourg’s insolvency, bankruptcy or reorganization or by other operation of law or for any other reason, this Xxxxxx Switzerland BGI Guaranty 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 Xxxxxx Luxembourg Obligations. In the event that acceleration of the time for payment of any of the Xxxxxx Luxembourg Obligations is stayed upon the insolvency, bankruptcy or reorganization of the CompanyXxxxxx Luxembourg, or for any other reason, all such amounts otherwise subject to acceleration under the terms of the Credit Agreement, the Notes, the other Loan Documents or any other agreement evidencing, securing or otherwise executed in connection with any Xxxxxx Luxembourg Obligation shall be immediately due and payable by the Guarantor.

Unenforceability of Xxxxxx Luxembourg Obligations Against Company. If for any reason the Company has no legal existence or is under no legal obligation to discharge any of the Xxxxxx Luxembourg Obligations, or if any of the Xxxxxx Luxembourg Obligations have become irrecoverable from the Company Xxxxxx Luxembourg by reason of the CompanyXxxxxx Luxembourg’s insolvency, bankruptcy or reorganization or by other operation of law or for any other reason, this Xxxxxx Switzerland Germany Guaranty 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 Xxxxxx Luxembourg Obligations. In the event that acceleration of the time for payment of any of the Xxxxxx Luxembourg Obligations is stayed upon the insolvency, bankruptcy or reorganization of the CompanyXxxxxx Luxembourg, or for any other reason, all such amounts otherwise subject to acceleration under the terms of the Credit Agreement, the Notes, the other Loan Documents or any other agreement evidencing, securing or otherwise executed in connection with any Xxxxxx Luxembourg Obligation shall be immediately due and payable by the Guarantor.

Unenforceability of Xxxxxx Luxembourg Obligations Against Company. If for any reason the Company has no legal existence or is under no legal obligation to discharge any of the Xxxxxx Luxembourg Obligations, or if any of the Xxxxxx Luxembourg Obligations have become irrecoverable from the Company Xxxxxx Luxembourg by reason of the CompanyXxxxxx Luxembourg’s insolvency, bankruptcy or reorganization or by other operation of law or for any other reason, this Xxxxxx Switzerland BGI Guaranty 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 Xxxxxx Luxembourg Obligations. In the event that acceleration of the time for payment of any of the Xxxxxx Luxembourg Obligations is stayed upon the insolvency, bankruptcy or reorganization of the CompanyXxxxxx Luxembourg, or for any other reason, all such amounts otherwise subject to acceleration under the terms of the Credit Agreement, the Notes, the other Loan Documents or any other agreement evidencing, securing or otherwise executed in connection with any Xxxxxx Luxembourg Obligation shall be immediately due and payable by the Guarantor.