Common use of Currency and Funds of Payment Clause in Contracts

Currency and Funds of Payment. Each Guarantor hereby guarantees that the Guarantors' Obligations will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Borrower's Liabilities, or the rights of any Lender with respect thereto as against the Borrower, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower of any or all of the Borrower's Liabilities.

Appears in 1 contract

Samples: Guaranty and Suretyship Agreement (Us Lec Corp)

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Currency and Funds of Payment. Each Guarantor hereby guarantees that ----------------------------- the Guarantors' Obligations will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Borrower's Liabilities, or the rights of any Lender the Secured Parties with respect thereto as against the Borrower, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower of any or all of the Borrower's Liabilities.

Appears in 1 contract

Samples: Guaranty Agreement (Breed Technologies Inc)

Currency and Funds of Payment. Each Guarantor hereby guarantees ----------------------------- that the Guarantors' Obligations will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Borrower's Liabilities, or the rights of the Agent or any Lender with respect thereto as against the Borrower, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower of any or all of the Borrower's Liabilities.

Appears in 1 contract

Samples: Credit Agreement (Walter Industries Inc /New/)

Currency and Funds of Payment. Each The Guarantor hereby guarantees that ----------------------------- the Guarantors' Obligations will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Borrower's Liabilities, or the rights of any Lender the Secured Parties with respect thereto as against the Borrower, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower of any or all of the Borrower's Liabilities.

Appears in 1 contract

Samples: Guaranty Agreement (Ameristeel Corp)

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Currency and Funds of Payment. Each Guarantor The Guarantors hereby guarantees guarantee, jointly and severally, that the Guarantors' Obligations will be paid in lawful currency of the United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Borrower's LiabilitiesGuaranteed Obligations, or the rights of any Lender the Company with respect thereto as against the BorrowerDTCOA, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower DTCOA of any or all of the Borrower's LiabilitiesGuaranteed Obligations.

Appears in 1 contract

Samples: Guaranty Agreement (Armor Holdings Inc)

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