Examples of Guaranteed Obligor in a sentence
This guarantee is a continuing guarantee and will extend to the ultimate balance of sums payable by the Guaranteed Obligor under the Transaction Documents, regardless of any intermediate payment or discharge in whole or in part.
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Each Guarantor agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party, upon the insolvency, bankruptcy or reorganization of any Guaranteed Obligor, any other Person or otherwise, as though such payment had not been made.
Without limiting the generality of the foregoing, Hxxxxxxxx International’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Guaranteed Obligor to any Secured Party under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Guaranteed Obligor.
If any Guaranteed Obligation is not performed or paid for any reason whatsoever when due or payable by any Guaranteed Obligor, the City may treat such Guaranteed Obligation as due or payable and may demand forthwith from CSEC: (a) performance of the applicable Guaranteed Obligation to be performed hereunder; and/or (b) payment of the total amount of the applicable Guaranteed Obligation guaranteed hereunder.