Common use of The Guarantees Clause in Contracts

The Guarantees. To induce the Bank to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor by reason of the commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Guarantor hereby unconditionally and irrevocably guarantees jointly and severally to the Bank, and each other holder of any Obligations, the due and punctual payment of all present and future Obligations, including, but not limited to, the due and punctual payment of principal of and interest on the Note, the due and punctual payment of all obligations owing under the Applications, and the due and punctual payment of all other Obligations now or hereafter owed by the Company under the Loan Documents as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to any Guarantor, Obligations consisting of Hedging Liability guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. In case of failure by the Company punctually to pay any indebtedness or other Obligations guaranteed hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, and as if such payment were made by the Company. Section 9.2.

Appears in 2 contracts

Samples: Credit Agreement (Oil-Dri Corp of America), Oil-Dri Corp of America

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The Guarantees. To induce the Bank Lenders to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor by reason of the commitments Commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Guarantor hereby unconditionally and irrevocably guarantees jointly and severally to the Agents, the Issuing Bank, the Lenders and each other holder of any Obligationsof the Company's obligations under the Loan Documents, the due and punctual payment of all present and future Obligationsindebtedness, obligations and liabilities of the Company evidenced by or arising out of the Loan Documents, including, but not limited to, the due and punctual payment of principal of and interest on the Note, Notes and amounts due on the due Applications and punctual payment in respect of all obligations owing under the Applications, Hedging Liability and the due and punctual payment of all other Obligations obligations now or hereafter owed by the Company under the Loan Documents as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to any Guarantor, Obligations consisting of Hedging Liability guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. In case of failure by the Company punctually to pay any indebtedness or other Obligations guaranteed hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, and as if such payment were made by the Company. Section 9.2.

Appears in 1 contract

Samples: Credit Agreement (Curtice Burns Foods Inc)

The Guarantees. To induce the Bank Banks to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor by reason of the commitments Commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Guarantor hereby unconditionally unconditionally, irrevocably and irrevocably guarantees jointly and severally guarantees to each Agent, the BankBanks, and each other holder of any Obligationsan obligation hereby guaranteed, the due and punctual payment of (i) all present and future Obligationsindebtedness of the Borrowers and any one or more of them evidenced by or arising out of the Credit Documents, including, but not limited to, the due and punctual payment of principal of and interest on the Note, the due and punctual payment of all obligations owing under the Applications, Notes and the due and punctual payment of all other Obligations now or hereafter owed by the Company Borrowers and any one or more of them under the Loan Credit Documents as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to thereof and (ii) any Guarantor, Obligations consisting of Hedging Liability guaranteed by such Liability. If any Borrower or Guarantor shall exclude all Excluded Swap Obligations. In case of failure by the Company punctually fails to pay punctually any indebtedness or other Obligations obligations guaranteed hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, and as if such payment were made by the Company. Section 9.2such Borrower or Guarantor."

Appears in 1 contract

Samples: Credit Agreement (General Binding Corp)

The Guarantees. To induce the Bank to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor by reason of the commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Guarantor hereby unconditionally and irrevocably guarantees jointly and severally to the Bank, and each other holder of any Obligations, the due and punctual payment of all present and future Obligations, including, but not limited to, the due and punctual payment of principal of and interest on the Note, the due and punctual payment of all obligations owing under the Applications, and the due and punctual payment of all other Obligations now or hereafter owed by the Company under the Loan Documents as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to any Guarantor, Obligations consisting of Hedging Liability guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. .. In case of failure by the Company punctually to pay any indebtedness or other Obligations guaranteed hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration or otherwise, and as if such payment were made by the Company. Section 9.2.

Appears in 1 contract

Samples: Credit Agreement (Oil-Dri Corp of America)

The Guarantees. To induce the Bank Lenders to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor the Borrower by reason of the commitments Commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Guarantor hereby unconditionally and irrevocably guarantees jointly and severally to the BankAdministrative Agent, the Lenders, and each other holder of any Obligationstheir Affiliates, the due and punctual payment of all present and future Obligations, including, but not limited to, the due and punctual payment of principal of and interest on the NoteNotes, the due and punctual payment of all obligations owing under the ApplicationsReimbursement Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by the Company Borrower under the Loan Documents as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to any Guarantor, Obligations consisting of Hedging Liability guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. In case of failure by the Company Borrower punctually to pay any indebtedness or other Obligations guaranteed hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, and as if such payment were made by the Company. Section 9.2Borrower.

Appears in 1 contract

Samples: Credit Agreement (Usfreightways Corp)

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The Guarantees. To induce the Bank Lenders to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor the Borrower by reason of the commitments Revolving Credit Commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Subsidiary listed on the signature pages hereto and each other Material Subsidiary (individually a “Guarantor” and collectively the “Guarantors,” including Material Subsidiaries formed or acquired after the Closing Date executing an Additional Guarantor Supplement) hereby unconditionally and irrevocably guarantees guarantee jointly and severally to the BankAdministrative Agent, the Lenders, and each other holder of any Obligationstheir Affiliates, the due and punctual payment of all present and future Obligations, Hedging Liability, and Funds Transfer and Deposit Account Liability, including, but not limited to, the due and punctual payment of principal of and interest on the NoteNotes, the due and punctual payment of all obligations owing under the ApplicationsReimbursement Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by the Company Borrower under the Loan Documents as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to any Guarantor, Obligations consisting of Hedging Liability guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. In case of failure by the Company Borrower or any Subsidiary punctually to pay any indebtedness Obligations, Hedging Liability, or other Obligations Funds Transfer and Deposit Account Liability guaranteed hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, and as if such payment were made by the Company. Section 9.2Borrower or such Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

The Guarantees. To induce the Bank Lenders to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor the Borrowers by reason of the commitments Commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Guarantor hereby unconditionally and irrevocably guarantees jointly and severally to the BankAdministrative Agent, the Lenders, and each other holder of any Obligationstheir Affiliates, the due and punctual payment of all present and future Obligations, Hedging Liability, and Funds Transfer and Deposit Account Liability, including, but not limited to, the due and punctual payment of principal of and interest on the NoteNotes, the due and punctual payment of all obligations owing under the ApplicationsReimbursement Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by the Company Borrowers, or any of them, under the Loan Documents and the due and punctual payment of all Hedging Liability and Funds Transfer and Deposit Account Liability, in each case, as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to any Guarantor, Obligations consisting of Hedging Liability guaranteed by such Guarantor shall exclude all Excluded Swap Obligations. In case of failure by the Company any Borrower punctually to pay any indebtedness Obligations, Hedging Liability, or other Obligations Funds Transfer and Deposit Account Liability guaranteed hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, and as if such payment were made by the Company. Section 9.2applicable Borrower.

Appears in 1 contract

Samples: Credit Agreement (Rc2 Corp)

The Guarantees. To induce the Bank Lenders to provide the credits described herein and in consideration of benefits expected to accrue to each Guarantor the Borrower by reason of the commitments Delayed Draw Term Loan Commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, each Subsidiary party hereto in accordance with Section 4.1 hereof (including any Subsidiary formed or acquired after the Closing Date executing an Additional Guarantor Supplement in the form attached hereto as Exhibit F or such other form acceptable to the Administrative Agent) hereby unconditionally and irrevocably guarantees jointly and severally to the BankAdministrative Agent, the Lenders and each other holder of any Obligationstheir Affiliates, the due and punctual payment of all present and future Obligations, including, but not limited to, the due and punctual payment of principal of and interest on the Note, the due and punctual payment of all obligations owing under the ApplicationsLoans, and the due and punctual payment of all other Obligations now or hereafter owed by the Company Borrower under the Loan Documents as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, according to the terms hereof and thereof; provided, however, that, with respect to any Guarantor, Obligations consisting . This is a guarantee of Hedging Liability guaranteed by such Guarantor shall exclude all Excluded Swap Obligationspayment and not of collection. In case of failure by the Company Borrower or other obligor punctually to pay any indebtedness or other Obligations guaranteed Obligations, hereby, each Guarantor hereby unconditionally agrees jointly and severally to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration acceleration, or otherwise, and as if such payment were made by the Company. Section 9.2Borrower or such obligor.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Penford Corp)

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