Common use of Effectiveness; Enforcement Clause in Contracts

Effectiveness; Enforcement. The Guaranties set forth in this Section 2.14 shall be effective and shall be deemed to be made as of the date of this Agreement. No invalidity, irregularity or unenforceability by reason of any bankruptcy or similar law, or any law or order of any government or agency thereof purporting to reduce, amend or otherwise affect any liability of any of the Loan Parties, and no defect in or insufficiency or want of powers of any of the Loan Parties or irregular or improperly recorded exercise thereof, shall impair, affect, be a defense to or claim against these Guaranties. These Guaranties are continuing Guaranties and shall (i) survive any termination of this Agreement, and (ii) remain in full force and effect until payment in full of, and performance of all Guarantied Obligations and all other amounts payable under these Guaranties. These Guaranties are made for the benefit of the Agent and the Banks and their respective successors and assigns, and may be enforced from time to time as often as occasion therefor may arise and without requirement on the part of the Agent or any Bank first to exercise any rights against the Borrowers or the Affiliate Guarantors or to exhaust any remedies available to them against the Borrowers or the Affiliate Guarantors or to resort to any other source or means of obtaining payment of any of the Guarantied Obligations or to elect any other remedy.

Effectiveness; Enforcement. The Guaranties set forth in this Section 2.14 2.12 shall be effective and shall be deemed to be made as of the date of this Agreement. No invalidity, irregularity or unenforceability by reason of any bankruptcy or similar law, or any law or order of any government or agency thereof purporting to reduce, amend or otherwise affect any liability of any of the Loan Parties, and no defect in or insufficiency or want of powers of any of the Loan Parties or irregular or improperly recorded exercise thereof, shall impair, affect, be a defense to or claim against these Guaranties. These Guaranties are continuing Guaranties and shall (i) survive any termination of this Agreement, and (ii) remain in full force and effect until payment in full of, and performance of all Guarantied Obligations and all other amounts payable under these Guaranties. These Guaranties are made for the benefit of the Agent and the Banks and their respective successors and assigns, and may be enforced from time to time as often as occasion therefor may arise and without requirement on the part of the Agent or any Bank first to exercise any rights against the Borrowers Borrower or the Affiliate Guarantors or to exhaust any remedies available to them against the Borrowers Borrower or the Affiliate Guarantors or to resort to any other source or means of obtaining payment of any of the Guarantied Obligations or to elect any other remedy.