Acceleration of Guaranty. The Guarantor agrees that, if any Event of Default under Section 8.1.7 of the Credit Agreement shall occur or the Loans are declared due and payable, the Guarantor will, automatically and without the requirement that any demand for payment be made, pay to the Lender Parties forthwith the full amount of the Guaranteed Obligations that are then due and payable.
Appears in 8 contracts
Samples: Guaranty (Wells Timberland REIT, Inc.), Limited Guaranty (Wells Timberland REIT, Inc.), Guaranty (Wells Timberland REIT, Inc.)
Acceleration of Guaranty. The Guarantor agrees that, if in the event of the occurrence of any Event event of Default under the type described in Section 8.1.7 8.01(f) of the Credit Agreement Agreement, with respect to the Borrowers, any other Obligor or the Guarantor, and if such event shall occur or at a time when any of the Loans are declared Obligations may not then be due and payable, the Guarantor will, automatically and without the requirement that any demand for payment be made, will pay to the Lender Parties Lenders forthwith the full amount of which would be payable hereunder by the Guaranteed Guarantor if all such Obligations that are were then due and payable.
Appears in 5 contracts
Samples: Guaranty (PostRock Energy Corp), Guaranty (Quest Resource Corp), Guaranty (Quest Resource Corp)
Acceleration of Guaranty. The Guarantor agrees that, if in the event of the occurrence of any Event event of Default under the type described in Section 8.1.7 8.01(f) of the Credit Agreement Agreement, with respect to the Borrower, any other Obligor or the Guarantor, and if such event shall occur or at a time when any of the Loans are declared Obligations may not then be due and payable, the Guarantor will, automatically and without the requirement that any demand for payment be made, will pay to the Lender Parties Lenders forthwith the full amount of which would be payable hereunder by the Guaranteed Guarantor if all such Obligations that are were then due and payable.
Appears in 5 contracts
Samples: Guaranty (Quest Resource Corp), Guaranty (Quest Energy Partners, L.P.), Guaranty (Quest Resource Corp)
Acceleration of Guaranty. The Guarantor agrees that, if any Event of Default under Section 8.1.7 8.1.8 of the Credit Agreement shall occur or the Loans are declared due and payable, the Guarantor will, automatically and without the requirement that any demand for payment be made, pay to the Lender Parties forthwith the full amount of the Guaranteed Obligations that are then due and payable.
Appears in 4 contracts
Samples: Guaranty (Wells Timberland REIT, Inc.), Recognition Agreement (Wells Timberland REIT, Inc.), Limited Guaranty (Wells Timberland REIT, Inc.)
Acceleration of Guaranty. The Each Guarantor agrees that, if any Event of Default under Section 8.1.7 8.1.9 of the Credit Agreement shall occur or the Loans Credit Extensions are declared due and payable, the each Guarantor will, automatically and without the requirement that any demand for payment be made, pay to the Lender Parties forthwith the full amount of the Guaranteed Obligations that are then due and payable.
Appears in 2 contracts
Samples: Credit Agreement (Applied Medical Corp), Credit Agreement (Applied Medical Corp)
Acceleration of Guaranty. The Subject to the Subordinated Intercreditor Agreement, the Guarantor agrees that, if any Event of Default under Section 8.1.7 8.1.8 of the Credit Agreement shall occur or the Loans are declared due and payable, the Guarantor will, automatically and without the requirement that any demand for payment be made, pay to the Lender Parties forthwith the full amount of the Guaranteed Obligations that are then due and payable.
Appears in 2 contracts
Samples: Limited Guaranty (Wells Timberland REIT, Inc.), Guaranty (Wells Timberland REIT, Inc.)
Acceleration of Guaranty. The Guarantor agrees that, if any Event of Default under Section 8.1.7 8 of the Credit Agreement shall occur or and be continuing at a time when any of the Loans Guaranteed Obligations are declared not then due and payable, to the extent not prohibited by applicable Debtor Relief Laws, Guarantor will, automatically and without the requirement that any demand for payment be made, will pay to the Lender Parties forthwith the full amount of the which would be payable hereunder by Guarantor if all such Guaranteed Obligations that are were then due and payable.
Appears in 1 contract
Samples: Fortress Biotech, Inc.
Acceleration of Guaranty. The Each Guarantor agrees that, if any Event of Default under Section 8.1.7 8.1.9 of the Credit Agreement shall occur or at a time when any of the Loans Guaranteed Obligations are declared not then due and payable, the each Guarantor will, automatically and without the requirement that any demand for payment be made, will pay to the Lender Parties forthwith the full amount of the which would be payable hereunder by such Guarantor if all such Guaranteed Obligations that are were then due and payable.
Appears in 1 contract
Samples: Security Agreement (Us Automotive Manufacturing Inc)
Acceleration of Guaranty. The Guarantor agrees that, if any Event of Default under Section 8.1.7 of the Credit Agreement shall occur or the Loans are declared due and payable, the Guarantor will, automatically and without the requirement that any demand for payment be made, pay to the Lender Parties forthwith the full amount of the Guaranteed Obligations that are then due and payablepayable and thereafter the full amount of the Guaranteed Obligations that may become due and payable from time to time.
Appears in 1 contract
