Common use of DURATION OF GUARANTY Clause in Contracts

DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders without the necessity of any acceptance by the Holders, or any notice to Guarantor or to the Company, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and all other obligations of Guarantor under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, of the Obligations shall not affect the liability of Guarantor under this Guaranty. This Guaranty is irrevocable and is binding upon Guarantor and Guarantor’s successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Nexmed Inc), Guaranty (Ants Software Inc)

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DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders without the necessity of any acceptance by the Holders, or any notice to Guarantor or to the Company, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and all other obligations of Guarantor under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, of the Obligations shall not affect the liability of Guarantor under this Guaranty. This Guaranty is irrevocable and is binding upon Guarantor and Guarantor’s 's successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 2 contracts

Samples: Subsidiary Guaranty (Nexmed Inc), Nexmed Inc

DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders Holder without the necessity of any acceptance by the HoldersHolder, or any notice to Guarantor or to the CompanyGuarantor, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and all other obligations of Guarantor under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, guaranty of the Obligations shall not affect the liability of Guarantor under this Guaranty. This Guaranty is irrevocable and is binding upon Guarantor and Guarantor’s successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 2 contracts

Samples: Guaranty (Avadel Pharmaceuticals PLC), Guaranty (Flamel Technologies Sa)

DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders Guaranteed Parties without the necessity of any acceptance by the HoldersGuaranteed Parties, or any notice to Guarantor or to the CompanyGuarantors, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and the Facility Agreement has been terminated and all other obligations of Guarantor Guarantors under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, guaranty of the Obligations shall not affect the liability of Guarantor Guarantors under this Guaranty. This Guaranty is irrevocable and is binding upon Guarantor Guarantors and Guarantor’s Guarantors’ successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 2 contracts

Samples: Facilities Agreement (AAC Holdings, Inc.), Facility Agreement (AAC Holdings, Inc.)

DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders Holder without the necessity of any acceptance by the HoldersHolder, or any notice to Guarantor or to the Company, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and all other obligations of Guarantor under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, of the Obligations shall not affect the liability of Guarantor under this Guaranty. This Guaranty is irrevocable and is binding upon Guarantor and Guarantor’s successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 1 contract

Samples: Guaranty (Ants Software Inc)

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DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders Holder without the necessity of any acceptance by the HoldersHolder, or any notice to a Guarantor or to the Company, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and all other obligations of Guarantor the Guarantors under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, of the Obligations shall not affect the liability of a Guarantor under this Guaranty. This Guaranty is irrevocable and is binding upon each Guarantor and such Guarantor’s successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 1 contract

Samples: Subsidiary Guaranty (Composite Technology Corp)

DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders Holder without the necessity of any acceptance by the HoldersHolder, or any notice to Guarantor Guarantors or to the Company, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and all other obligations of Guarantor Guarantors under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, of the Obligations shall not affect the liability of Guarantor Guarantors under this Guaranty. This Guaranty is irrevocable and is binding upon Guarantor Guarantors and Guarantor’s their successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 1 contract

Samples: Nexaira Wireless Inc.

DURATION OF GUARANTY. This Guaranty will take effect when received by the Holders Guaranteed Parties without the necessity of any acceptance by the HoldersGuaranteed Parties, or any notice to Guarantor or to the CompanyGuarantor, and will continue in full force until all the Obligations incurred or contracted shall have been fully and finally paid and satisfied and the Note Purchase Agreement has been terminated and all other obligations of Guarantor under this Guaranty shall have been performed in full. All renewals, extensions, substitutions, and modifications of the Obligations, release of any other guarantor or termination of any other guaranty, guaranty of the Obligations shall not affect the liability of Guarantor under this Guaranty. This Guaranty is irrevocable and is binding upon Guarantor and Guarantor’s successors and assigns so long as any of the guaranteed Obligations remain unpaid.

Appears in 1 contract

Samples: Note Purchase Agreement (Aerie Pharmaceuticals Inc)

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