Guarantied Obligations Due Sample Clauses
The "Guarantied Obligations Due" clause defines the specific debts or obligations that a guarantor is responsible for under a guarantee agreement. Typically, this clause outlines the types of payments, liabilities, or performance duties that are covered, such as principal, interest, fees, or other amounts owed by the primary obligor. By clearly identifying what is guaranteed, the clause ensures that both the guarantor and the beneficiary understand the scope of the guarantee, thereby reducing ambiguity and potential disputes over the guarantor's responsibilities.
Guarantied Obligations Due. Each Guarantor hereby further agrees that, as between each Guarantor on the one hand, and Agent and the other Secured Parties, on the other hand, (i) the Guaranteed Obligations of each Guarantor may be declared to be forthwith due and payable as provided in Section 11.2 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 11.2) for purposes of Section 15.1, notwithstanding any stay, injunction or other prohibition preventing such declaration in respect of the Obligations of any of the Obligors guaranteed hereunder (or preventing such Guaranteed Obligations from becoming automatically due and payable) as against any other Person and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations (or such Guaranteed Obligations being deemed to have become automatically due and payable) as provided in Section 11.2, such Guaranteed Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by each Guarantor for all purposes of this Facility Guaranty.
Guarantied Obligations Due. Each U.S. Subsidiary Guarantor hereby further agrees that, as between each U.S. Subsidiary Guarantor on the one hand, and Agent and the other Secured Parties, on the other hand, (i) the Guaranteed Obligations of each U.S. Subsidiary Guarantor may be declared to be forthwith due and payable as provided in Section 11.2 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 11.2) for purposes of Section 15.1, notwithstanding any stay, injunction or other prohibition preventing such declaration in respect of the Obligations of any of the Obligors guaranteed hereunder (or preventing such Guaranteed Obligations from becoming automatically due and payable) as against any other Person and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations (or such Guaranteed Obligations being deemed to have become automatically due and payable) as provided in Section 11.2, such Guaranteed Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by each U.S. Subsidiary Guarantor for all purposes of this Total Obligations Guaranty.
Guarantied Obligations Due. Each Canadian Facility Guarantor hereby further agrees that, as between each Canadian Facility Guarantor on the one hand, and Agent and the other Canadian Secured Parties, on the other hand, (i) the Guaranteed Canadian Obligations of each Canadian Facility Guarantor may be declared to be forthwith due and payable as provided in Section 11.2 (and shall be deemed to have become automatically due and payable in the circumstances provided in Section 11.2) for purposes of Section 16.1, notwithstanding any stay, injunction or other prohibition preventing such declaration in respect of the Canadian Obligations of any of the Canadian Obligors guaranteed hereunder (or preventing such Guaranteed Canadian Obligations from becoming automatically due and payable) as against any other Person and (ii) in the event of any declaration of acceleration of such Guaranteed Canadian Obligations (or such Guaranteed Canadian Obligations being deemed to have become automatically due and payable) as provided in Section 11.2, such Guaranteed Canadian Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by each Canadian Facility Guarantor for all purposes of this Canadian Obligations Guaranty.