Examples of Xxxxxx Switzerland in a sentence
The Company represents that it has not filed any action, charge, suit or claim against any Employee Released Party with any federal, state or local agency or court relating to any claim Employee may have with respect to the Employment Agreement or Employee’s employment by, or directorship with, the Company (an “Employee Released Claim”).
The payment of any amounts due with respect to any indebtedness of the Company for money borrowed or credit received now or hereafter owed to the Guarantor is hereby subordinated to the prior payment in full of all of the Xxxxxx Switzerland Obligations.
The Guarantor agrees that the Xxxxxx Switzerland Obligations will be paid and performed strictly in accordance with their respective terms, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Administrative Agent or any Lender with respect thereto.
Revolving Credit Loans made or to be made by the Lenders to Xxxxxx Switzerland pursuant to §2.
No such notice shall affect any rights of the Administrative Agent or any Lender hereunder, including without limitation the rights set forth in §§4 and 6, with respect to any Xxxxxx Switzerland Obligations incurred or accrued prior to the receipt of such notice or any Xxxxxx Switzerland Obligations incurred or accrued pursuant to any contract or commitment in existence prior to such receipt.
The Guarantor agrees that, while any default in the payment or performance of any of the Xxxxxx Switzerland Obligations exists, the Guarantor will not demand, xxx for or otherwise attempt to collect any such indebtedness of the Company to the Guarantor until all of the Xxxxxx Switzerland Obligations shall have been paid in full or such default ceases to exist.
The rights and remedies herein provided are cumulative and not exclusive of any remedies provided by law or any other agreement, and this BGI Guaranty shall be in addition to any other guaranty of or collateral security for any of the Xxxxxx Switzerland Obligations.
This BGI Guaranty shall remain in full force and effect until the Administrative Agent is given written notice of the Guarantor’s intention to discontinue this BGI Guaranty, notwithstanding any intermediate or temporary payment or settlement of the whole or any part of the Xxxxxx Switzerland Obligations.
In the event that acceleration of the time for payment of any of the Xxxxxx Switzerland 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 Note, the other Loan Documents or any other agreement evidencing, securing or otherwise executed in connection with any Xxxxxx Switzerland Obligation shall be immediately due and payable by the Guarantor.
This BGI Guaranty shall continue to be effective or be reinstated, notwithstanding any such notice, if at any time any payment made or value received with respect to any Xxxxxx Switzerland Obligation is rescinded or must otherwise be returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy or reorganization of the Company, or otherwise, all as though such payment had not been made or value received.