Common use of Guarantor Revocation Clause in Contracts

Guarantor Revocation. Any guarantor of the Obligations shall terminate or revoke or refuse to perform any of its payment obligations under the applicable guarantee agreement or breach any of the other terms of such guarantee agreement which breach remains unremedied for thirty (30) days.

Appears in 1 contract

Sources: Credit Agreement (Aas Capital Corp)

Guarantor Revocation. Any guarantor of the Obligations shall terminate or revoke or refuse to perform any of its payment obligations under the applicable guarantee agreement or breach any of the other terms of such guarantee agreement which breach remains unremedied for thirty five (305) days.

Appears in 1 contract

Sources: Credit Agreement (Finishmaster Inc)

Guarantor Revocation. Any guarantor of the Obligations shall terminate or revoke or refuse to perform any of its payment obligations under the applicable guarantee agreement or 100 110 breach any of the other terms of such guarantee agreement which breach remains unremedied for thirty five (305) days. A Default shall be deemed "continuing" until waived in writing in accordance with Section 8.3.

Appears in 1 contract

Sources: Multicurrency Credit Agreement (Brightpoint Inc)

Guarantor Revocation. Any guarantor of the Obligations shall terminate or revoke or refuse to perform any of its payment obligations under the applicable guarantee agreement or breach any of the other terms of such guarantee agreement which breach remains unremedied for thirty (30) daysagreement.

Appears in 1 contract

Sources: Credit Agreement (Finish Line Inc /In/)