Common use of Waiver by Guarantor Clause in Contracts

Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantor shall not seek or cause Borrower or any other person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender to enforce any rights of Lender against Guarantor or the collateral for the Loan by virtue of this Guaranty or otherwise.

Appears in 8 contracts

Samples: Guaranty Agreement (Farmland Partners Inc.), Guaranty Agreement (Farmland Partners Inc.), Guaranty Agreement (Farmland Partners Inc.)

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Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against BorrowerSeller, Guarantor shall not seek or cause Borrower Seller or any other person or entity Person to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § §105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, law (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoeverjurisdiction, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender Buyer to enforce any rights of Lender Buyer against Guarantor or the collateral for the Loan by virtue of this Guaranty Agreement or otherwise.

Appears in 5 contracts

Samples: Guaranty and Payment Agreement (Federal Signal Corp /De/), Guaranty and Payment Agreement (Federal Signal Corp /De/), Guaranty and Payment Agreement (Federal Signal Corp /De/)

Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantor shall not seek or cause Borrower or any other person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender to enforce any rights of Lender against Guarantor or the collateral for the Loan Loans by virtue of this Guaranty or otherwise.

Appears in 2 contracts

Samples: Guaranty Agreement (Farmland Partners Inc.), Guaranty Agreement (Farmland Partners Inc.)

Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower (or any Individual Borrower), Guarantor shall not seek or cause Borrower (or any Individual Borrower) or any other person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender to enforce any rights of Lender against Guarantor or the collateral for the Loan by virtue of this Guaranty Agreement or otherwise.

Appears in 2 contracts

Samples: Guaranty Agreement (Strategic Storage Trust II, Inc.), Mezzanine Guaranty Agreement (Strategic Storage Trust II, Inc.)

Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against BorrowerBorrowers, Guarantor shall not seek or cause Borrower Borrowers or any other person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender to enforce any rights of Lender against Guarantor or the collateral for the Loan Loans by virtue of this Guaranty or otherwise.

Appears in 2 contracts

Samples: Guaranty Agreement (Peak Resorts Inc), Guaranty Agreement (Peak Resorts Inc)

Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantor shall not seek or cause Borrower or any other person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, law (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender to enforce any rights of Lender against Guarantor or the collateral for the Loan by virtue of this Guaranty Agreement or otherwise.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (Condor Hospitality Trust, Inc.)

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Waiver by Guarantor. Guarantor covenants and agrees that, upon the -------------------- commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantor shall not seek or cause Borrower or any other person Person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § X.X.X.xx. 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender any Beneficiary to enforce any rights of Lender any Beneficiary against Guarantor or the collateral for the Loan by virtue of this Guaranty or otherwise.

Appears in 1 contract

Samples: Guaranty (Las Vegas Sands Inc)

Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantor shall not seek or cause Borrower or any other person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender Administrative Agent to enforce any rights of Lender Administrative Agent and the other Lenders against Guarantor or the collateral for the Loan by virtue of this Guaranty or otherwise.

Appears in 1 contract

Samples: Guaranty Agreement

Waiver by Guarantor. Guarantor covenants and agrees that, upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantor shall not seek or cause Borrower or any other person or entity to seek a supplemental stay or other relief, whether injunctive or otherwise, pursuant to 11 U.S.C. § 105 or any other provision of the Bankruptcy Reform Act of 1978, as amended, or any other debtor relief law, (whether statutory, common law, case law or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender Administrative Agent to enforce any rights of Lender Administrative Agent against Guarantor or any of the collateral Collateral for the Loan by virtue of this Guaranty Agreement or otherwise.

Appears in 1 contract

Samples: Guaranty Agreement (KBS Growth & Income REIT, Inc.)

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