Acceleration of Guarantee. Each Guarantor agrees that, in the event of the dissolution or insolvency of any Obligor, or the inability or failure of any Obligor to pay debts as they become due, or an assignment by any Obligor for the benefit of creditors, or the commencement of any case or proceeding in respect of any Obligor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of any Obligor may not then be due and payable, such Guarantor will pay to the Lender Agent for the account of the Lender Parties forthwith the full amount which would be payable hereunder by such Guarantor if all such Obligations were then due and payable.
Acceleration of Guarantee. The Company agrees that, in the event of the dissolution or insolvency of the Company or any other Obligor (including any Subsidiary for whose account a Letter of Credit has been issued), or the inability or failure of the Company or such other Obligor to pay debts as they become due, or an assignment by the Company or such other Obligor for the benefit of creditors, or the commencement of any case or proceeding in respect of the Company or such other Obligor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of the Company may not then be due and payable, the Company will pay to the Bank Parties forthwith the full amount which would be payable hereunder by the Company if all such Obligations were then due and payable.
Acceleration of Guarantee. The Guarantor shall promptly notify holders of Guarantor Senior Indebtedness of the receipt by the Company of an acceleration notice following an Event of Default under the Indenture.
Acceleration of Guarantee. The Guarantor agrees that, in the event of the dissolution or insolvency of the Company or the Guarantor, or the inability or failure of the Company or the Guarantor to pay debts as they become due, or an assignment by the Company or the Guarantor for the benefit of creditors, or the commencement of any case or proceeding in respect of the Company or the Guarantor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of the Company may not then be due and payable, the Guarantor will pay to the Bank Parties forthwith the full amount which would be payable hereunder by the Guarantor if all such Obligations were then due and payable.
Acceleration of Guarantee. The Guarantor agrees that, in the event of the dissolution or insolvency of the Guarantor, or the inability or failure (after any applicable grace periods) of the Guarantor to pay debts as they become due, or an assignment by the Guarantor for the benefit of creditors, or the commencement of any proceeding in respect of the Guarantor under any bankruptcy, insolvency or similar laws (and, if such proceedings are commenced by a person other than the Guarantor, such proceedings are not dismissed or stayed within 90 days of the commencement thereof), and if such event shall occur at a time when any of the Obligations may not then be due and payable, the Guarantor will pay to the Agent and the Lenders forthwith the full amount which would be payable hereunder by the Guarantor if all such Obligations were then due and payable.
Acceleration of Guarantee. The Company agrees that, in the event of the dissolution or insolvency of the Company or any other Obligor, or the inability or failure of the Company or such other Obligor to pay debts as they become due, or an assignment by the Company or such other Obligor for the benefit of creditors, or the commencement of any case or proceeding in respect of the Company or such other Obligor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations of the Company may not then be due and payable, the Company will pay to the Bank Parties forthwith the full amount which would be payable hereunder by the Company if all such Obligations were then due and payable.
Acceleration of Guarantee. The Company agrees that (i) in ------------------------- the event of any Insolvency Proceeding affecting any Borrower or (ii) upon notice of acceleration of the Obligations from the Agent pursuant to Section 9.02, and if any such event shall occur at a time when any of the Obligations may not then be due and payable, the Company will pay pursuant to subsection (a) of this Section 11.09 to the Agent (on behalf of the Banks) forthwith the full amount which would be payable hereunder by the Company if all the Obligations were then due and payable.
Acceleration of Guarantee. Each Guarantor agrees that, in the event of any Default of the nature set forth in clauses (i) through (v) of Section 8.1(f) of the Credit Agreement, and if such event shall occur at a time when any of the Obligations of the Borrower and each other Obligor may not then be due and payable, such Guarantor will pay to the Collateral Agent, for the ratable benefit of the Secured Parties, forthwith the full amount that would be payable hereunder by such Guarantor if all such Obligations were then due and payable.
Acceleration of Guarantee. Each Subsidiary Guarantor agrees that, upon the occurrence of any of the events set forth in Sections 11(h), (i) and (j) of the Note Purchase Agreement, which relates to such Subsidiary Guarantor and is a result of or in connection with the bankruptcy or insolvency of such Subsidiary Guarantor, all amounts which would be payable hereunder by such Subsidiary Guarantor if all such Guaranteed Obligations were then due and payable shall automatically become immediately due and payable.
Acceleration of Guarantee. Obligor agrees that, in the event of the dissolution or insolvency of the Lessee or Obligor, or the inability or failure of the Lessee or Obligor to pay debts as they become due, or an assignment by the Lessee or Obligor for the benefit of creditors, or the commencement of any case or proceeding in respect of the Lessee or Obligor under any bankruptcy, insolvency or similar laws, and if such event shall occur at a time when any of the Obligations (including any future Rent) may not then be due and payable, Obligor will pay to the Lenders forthwith the full amount which would be payable hereunder by Obligor if all such Obligations were then due and payable.
