Common use of Guaranty of Payment Clause in Contracts

Guaranty of Payment. The Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent for each Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such guaranty by the Guarantor, the “Guaranty”). This Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in full. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws).

Appears in 5 contracts

Samples: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (MN8 Energy, Inc.)

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Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Seller Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Canadian Guarantor hereby absolutely, irrevocably and unconditionally guarantees to each Purchaser, the Administrative Agent and the other Secured Parties the prompt payment of the Seller Obligations (collectively, the “Canadian Guarantor Guaranteed Obligations”; together with the Seller Guaranteed Obligations, the “Guaranteed Obligations”), in each case, in full when due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise (such guaranty, the “Canadian Guarantor Guaranty”; together with the Seller Guaranty, the “SPV Entity Guarantees”). Each SPV Entity Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty related Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor any SPV Entity hereunder in respect of its SPV Entity Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state state, provincial or federal law relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder such SPV Entity shall be limited to the maximum amount that is permissible under Applicable Law (includingwhether federal, without limitationstate, Debtor Relief Lawsprovincial or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, insolvency, reorganization or other similar laws).

Appears in 5 contracts

Samples: Receivables Purchase Agreement (NCR Atleos Corp), Receivables Purchase Agreement (NCR Corp), Receivables Purchase Agreement (NCR Corp)

Guaranty of Payment. The Guarantor Subject to the limitation set forth below, each Fund Borrower (for the purposes of this Section 6, a “Fund Guarantor”) hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Lender and the Administrative Agent for each Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) ), including, without limitation, all interest, principal, fees, expenses and other amounts now or hereafter represented by, or arising in connection with each Qualified Borrower Note (such guaranty by the Guarantor, the “GuarantyFund Guaranteed Obligations”). This Guaranty The guaranty in this Section 6 (this “Fund Borrower Guaranty”) is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Fund Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in Each Fund Guarantor hereby further agrees that if any of the other Loan DocumentsQualified Borrowers shall fail to pay in full when due (whether at stated maturity, to the extent the obligations by acceleration or otherwise) any of the Fund Guaranteed Obligations, such Fund Guarantor shall be adjudicated to be invalid or unenforceable for any reason (includingwill promptly pay the same, without limitationany demand or notice whatsoever, because and that in the case of any applicable state extension of time of payment or federal law relating to fraudulent conveyances or transfers) then the obligations renewal of any of the Guarantor hereunder shall Fund Guaranteed Obligations, the same will be limited to promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws)terms of such extension or renewal.

Appears in 4 contracts

Samples: Credit Agreement (AGTB Private BDC), Revolving Credit Agreement (Carlyle Secured Lending III), Revolving Credit Agreement (Franklin BSP Capital Corp)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Seller Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor Seller hereunder in respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state or federal law Law relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder Seller shall be limited to the maximum amount that is permissible under Applicable applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws).

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Seller Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor Seller hereunder in respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state or federal law Law relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder Seller shall be limited to the maximum amount that is permissible under Applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws).

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Newell Brands Inc.), Receivables Purchase Agreement (Ashland Inc.)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Seller Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor Seller hereunder in respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder Seller shall be limited to the maximum amount that is permissible under Applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws).

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Gray Television Inc), Receivables Purchase Agreement (Exela Technologies, Inc.), Receivables Purchase Agreement (Ortho Clinical Diagnostics Holdings PLC)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Seller Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor Seller hereunder with respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state or federal law Law relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder Seller shall be limited to the maximum amount that is permissible under Applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws).

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Synchronoss Technologies Inc)

Guaranty of Payment. The Guarantor hereby unconditionally unconditionally, absolutely and irrevocably guarantees guaranties to the Administrative Agent for each Secured Party Lender the punctual payment and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amendedperformance when due, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, maturity or by acceleration or otherwise) , of the indebtedness and other obligations of the Borrower to the Lender evidenced by the Note, any interest rate management agreement and any other amounts that may become owing by the Borrower under the Loan Documents (such guaranty by the Guarantorindebtedness, the obligations and other amounts are hereinafter referred to as GuarantyPayment Obligations”). This Guaranty is a present and continuing guaranty of payment and not of collection collectability, and is a continuing irrevocable guaranty the Lender shall not be required to prosecute collection, enforcement or other remedies against the Borrower or guarantor of the Payment Obligations, or to enforce or resort to any collateral for the repayment of the Payment Obligations or other rights or remedies pertaining thereto, before calling the Guarantor for payment. If for any reason the Borrower shall fail or be unable to pay, punctually and fully, any of the Payment Obligations, the Guarantor shall apply pay such obligations to the Lender in full immediately upon demand. One or more successive actions may be brought against the Guarantor, as often as the Lender deems advisable, until all of the Guaranty Payment Obligations of such Borrowers whenever arising until such Obligations have been are paid and performed in full. Notwithstanding any provision to the contrary contained herein or in any of the The Payment Obligations, together with all other Loan Documents, to the extent the payment and performance obligations of the Guarantor shall be adjudicated hereunder, are referred to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then herein as the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws)“Obligations”.

Appears in 2 contracts

Samples: Industrial Services of America Inc, Industrial Services of America Inc /Fl

Guaranty of Payment. The Guarantor hereby unconditionally unconditionally, absolutely and irrevocably guarantees to the Administrative Agent for each Secured Party punctual payment and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amendedperformance when due, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, maturity or by acceleration or otherwise) , of the indebtedness and other obligations of the Borrower to the Lender evidenced by the Note and any other amounts that may become owing by the Borrower under the Loan Documents (such guaranty by the Guarantorindebtedness, obligations and other amounts are hereinafter referred to as the “GuarantyPayment Obligations”). This Guaranty is a present and continuing guaranty of payment and not of collection collectability, and is a continuing irrevocable guaranty the Lender shall not be required to prosecute collection, enforcement or other remedies against any Borrower or any other guarantor of the Payment Obligations, or resort to any collateral for the repayment of the Payment Obligations or other rights or remedies pertaining thereto, before calling on the Guarantor for payment. If for any reason the Borrower shall fail or be unable to pay, punctually and fully, any of the Payment Obligations, the Guarantor shall apply jointly and severally pay such obligations to the Lender in full immediately upon demand. One or more successive actions may be brought against the Guarantor, or any of them, as often as the Lender deems advisable, until all of the Guaranty Payment Obligations of such Borrowers whenever arising until such Obligations have been are paid and performed in full. Notwithstanding any provision The Payment Obligations and the Performance Obligations (as defined below) are referred to herein as the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws)“Guaranteed Obligations.

Appears in 2 contracts

Samples: Payment And (Adcare Health Systems, Inc), Payment and Performance (Adcare Health Systems, Inc)

Guaranty of Payment. The (a) Upon the effectiveness of this Guaranty as provided in Section 5 hereof and subject to the other provisions of this Guaranty, Guarantor hereby unconditionally guaranties to each holder of a Debenture authenticated and irrevocably guarantees delivered by the Trustee (each a “Holder”) and to the Administrative Agent for each Secured Party Trustee and their respective permitted its successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty ObligationsGuarantied Parties) ), the principal of, premium, if any, interest on, and all other monetary obligations arising under the Debentures, will be promptly paid in full when due (due, whether at stated maturity, as a mandatory prepaymentby acceleration, by acceleration redemption or otherwise) , and interest on the overdue principal of and interest on the Debentures, if any, if lawful, will be promptly paid in full, in accordance with the terms hereof and thereof (such guaranty by the Guarantorcollectively, the “GuarantyGuarantied Obligations”). This Guaranty Failing payment when due of any amount so guarantied for whatever reason upon receipt of written notice from Trustee of such failure, Guarantor will be obligated to pay the same immediately. By giving any such written notice, Trustee shall be deemed to have accepted the terms and conditions of this Guaranty. Guarantor agrees that this is a guaranty guarantee of payment and not a guarantee of collection or collectibility. The guaranty provided in this Section 2 is in all respects subject to, and is a continuing irrevocable guaranty and shall apply to all limited by, the provisions of the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in full. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws)Section 4 hereof.

Appears in 2 contracts

Samples: Alcatel Lucent, Alcatel

Guaranty of Payment. The In connection with the Credit Agreement, the QB Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent Agent, for the benefit of each Secured Party and their respective permitted successors and assigns assigns, the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) of all interest, principal, fees, expenses and other amounts now or hereafter represented by, or arising in connection with: (such guaranty a) each Note set forth on Schedule I (as renewed, extended, modified or substituted, each, a “Qualified Borrower Note”) and (b) the timely payment of all other payment obligations by each Qualified Borrower set forth on Schedule I (each, a “Qualified Borrower”) under the GuarantorCredit Agreement and the other Loan Documents (collectively, the “GuarantyGuaranteed Debt”). This Qualified Borrower Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers Guaranteed Debt whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the QB Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the QB Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (whether federal or state or otherwise and including, without limitation, Debtor Relief Laws).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Owl Rock Technology Finance Corp.), Revolving Credit Agreement (Owl Rock Capital Corp)

Guaranty of Payment. The Guarantor Guarantors hereby unconditionally jointly and irrevocably guarantees severally guaranty to the Administrative Agent Holder the due and full payment within [***] of delivery of the Guaranteed Default Notice (as defined below) and the performance of all of the indebtedness of the Maker to the Holder for each Secured Party principal and their respective permitted successors accrued interest under this Note (the “Obligations”). Subject to the conditions set forth herein, this Guaranty is an absolute, unconditional, joint and assigns several and continuing guaranty of the prompt full and punctual payment and performance of all of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such guaranty by the Guarantor, the “Guaranty”). This Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all their collectibility only. Payments by the Guarantors hereunder may be required by the Holder on any number of occasions. All payments by the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in full. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor Guarantors hereunder shall be limited made to the maximum Holder, in the manner and at the place of payment specified therefor in this Note. Notwithstanding the foregoing, the right of the Holder to demand and receive payment of any Obligation under this Section 5 shall be subject to the following conditions precedent: (i) the requested amount that is permissible has become due and payable under Applicable Law this Note, (includingii) the Holder has given written notice of the amount due to the Maker and the Guarantors, without limitation(iii) notwithstanding the notice delivered by the Holder under clause (ii), Debtor Relief Lawsthe Maker has not paid the Holder or its assigns such amount in full within 15 days of Maker’s receipt of such notice (a “Guaranteed Default”), and (iv) the Guarantors have received written notice from the Holder of such Guaranteed Default (the “Guaranteed Default Notice”).

Appears in 2 contracts

Samples: Product Development and Commercialization Agreement (Isis Pharmaceuticals Inc), Product Development and Commercialization Agreement (Isis Pharmaceuticals Inc)

Guaranty of Payment. The In connection with the Credit Agreement, the QB Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent Agent, for the benefit of each Secured Party and their respective permitted successors and assigns assigns, the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) of all interest, principal, fees, expenses and other amounts now or hereafter represented by, or arising in connection with: (such guaranty a) each Note set forth on Schedule I (as renewed, extended, modified or substituted, each, a “Qualified Borrower Note”) and (b) the timely performance of all other obligations by each Qualified Borrower set forth on Schedule I (each, a “Qualified Borrower”) under the GuarantorCredit Agreement and the other Loan Documents (collectively, the “GuarantyGuaranteed Debt”). This Qualified Borrower Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers Guaranteed Debt whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the QB Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the QB Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (whether federal or state or otherwise and including, without limitation, Debtor Relief Laws).

Appears in 2 contracts

Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (Stone Point Credit Corp)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of (i) amounts, if any, necessary to cure any Capital Coverage Amount Deficit and (ii) the Obligations repayment in full to the Purchasers of all Capital in full by the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents Final Maturity Date (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Seller Guaranty is a guaranty of payment and performance and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor Seller hereunder in respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state or federal law Law relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder Seller shall be limited to the maximum amount that is permissible under Applicable applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws).

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Kinetik Holdings Inc.), Receivables Purchase Agreement (Mativ Holdings, Inc.)

Guaranty of Payment. The Guarantor hereby irrevocably and unconditionally guarantees the due punctual and irrevocably guarantees full payment of any and all obligations of the Company to the Administrative Agent for each Secured Party and their respective permitted successors and assigns Counterparty now or hereafter due pursuant to the prompt payment Agreement in connection with the activities of the Obligations parties under the Agreement (the “Guaranteed Obligation”), subject to the limits set forth herein. Upon any failure by the Company to pay any of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectivelyGuaranteed Obligation, the “Guaranty Obligations”) Guarantor agrees that it will forthwith on demand pay any amounts which the Company has failed to pay the Counterparty, at the place and in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such guaranty by the Guarantor, manner specified in the “Guaranty”)Agreement. This Guaranty guaranty is a guaranty of payment and not merely a guaranty of collection and is a continuing irrevocable guaranty and shall apply to all of collection. The Guarantor agrees that the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in full. Notwithstanding any provision Counterparty may resort to the contrary contained herein or in Guarantor for payment of any of the Guaranteed Obligation, whether or not the Counterparty shall have resorted to any collateral security, or shall have proceeded against any other Loan Documents, obligor principally or secondarily obligated with respect to the extent the obligations any of the Guaranteed Obligation. Guarantor shall be adjudicated reserves the right to be invalid or unenforceable for any reason (includingassert defenses, without limitation, because which the Company may have to payment of any applicable state Guaranteed Obligation other than defenses based on lack of capacity, lack of authority, lack of due execution, or federal law relating to fraudulent conveyances arising from the bankruptcy, insolvency, or transfers) then the obligations similar proceeding of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws)Company and other defenses expressly waived hereby.

Appears in 2 contracts

Samples: www.transmissionhub.com, www.transmissionhub.com

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) 128 otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”); provided that, any Guaranteed Obligations arising during a Settlement Period may be paid on the related Settlement Date. This The Seller Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor Seller hereunder in respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable Applicable Law (whether federal or state or federal law otherwise) relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder Seller shall be limited to the maximum amount that is permissible under Applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Chemours Co)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties (the Seller in such capacity, the “RPA Guarantor”) the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Seller Guaranty is a guaranty of payment and performance and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the RPA Guarantor hereunder in respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state or federal law Law relating to fraudulent conveyances or transfers) then the such obligations of the RPA Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Vestis Corp)

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Guaranty of Payment. The Guarantor hereby irrevocably and unconditionally and irrevocably guarantees to the Administrative Agent for each Secured Party and their respective permitted successors the Lenders as primary obligor and assigns not as surety, the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amendedpayment, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepaymentdue, by acceleration or otherwise, of the Indebtedness. For the purposes hereof, “Indebtedness” shall mean, without duplication, all Obligations of the Borrowers (including, without limitation, interest accruing after an event of bankruptcy or insolvency, regardless of whether such interest is allowed as a claim under any Debtor Relief Laws and all related Attorney Costs) (such guaranty by to the GuarantorLenders and the Administrative Agent, whenever arising, under the Credit Agreement, the “Guaranty”)Notes or the other Credit Documents, whether such Indebtedness is now existing or hereafter arising, due or to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or acquired, as such Indebtedness may be modified, extended, renewed or replaced from time to time. This Guaranty The guaranty of the Guarantor as set forth in this section is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in fullcollection. Notwithstanding any provision to the contrary contained herein or in any other of the other Loan Credit Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to an aggregate amount equal to the maximum largest amount that is permissible would not render its obligations hereunder subject to avoidance under Applicable Law (including, without limitation, Debtor Relief Laws)Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Samples: Credit Agreement (Brookdale Senior Living Inc.)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to each Purchaser, the Administrative Agent for each and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Seller Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Canadian Guarantor hereby absolutely, irrevocably and unconditionally guarantees to each Purchaser, the Administrative Agent and the other Secured Parties the prompt payment of the Seller Obligations (collectively, the “Canadian Guarantor Guaranteed Obligations”; together with the Seller Guaranteed Obligations, the “Guaranteed Obligations”), in each case, in full when due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise (such guaranty, the “Canadian Guarantor Guaranty”; together with the Seller Guaranty, the “SPV Entity Guarantees”). Each SPV Entity Guaranty is a guaranty of payment and performance and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor any SPV Entity hereunder in respect to its SPV Entity Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state state, provincial or federal law Law relating to fraudulent conveyances or transfers) then the such obligations of the Guarantor hereunder such SPV Entity shall be limited to the maximum amount that is permissible under Applicable applicable Law (includingwhether federal, without limitation, provincial or state or otherwise and including Debtor Relief Laws).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Rackspace Technology, Inc.)

Guaranty of Payment. The Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent for each Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such guaranty by the Guarantor, the “Guaranty”). This Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in full. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws).. CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO 17 C.F.R. SECTION 200.83

Appears in 1 contract

Samples: Revolving Credit Agreement (New PubCo Renewable Power Inc.)

Guaranty of Payment. The Guarantor hereby irrevocably and unconditionally and irrevocably guarantees to the Administrative Agent for each Secured Party and their respective permitted successors the Lenders as primary obligor and assigns not as surety, the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amendedpayment, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepaymentdue, by acceleration or otherwise, of the Indebtedness. For the purposes hereof, "Indebtedness" shall mean, without duplication, all Obligations of the Borrowers (including, without limitation, interest accruing after an event of bankruptcy or insolvency, regardless of whether such interest is allowed as a claim under any Debtor Relief Laws and all related Attorney Costs) (such guaranty by to the GuarantorLenders and the Administrative Agent, whenever arising, under the Credit Agreement, the “Guaranty”)Notes or the other Credit Documents, whether such Indebtedness is now existing or hereafter arising, due or to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or acquired, as such Indebtedness may be modified, extended, renewed or replaced from time to time. This Guaranty The guaranty of the Guarantor as set forth in this section is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in fullcollection. Notwithstanding any provision to the contrary contained herein or in any other of the other Loan Credit Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to an aggregate amount equal to the maximum largest amount that is permissible would not render its obligations hereunder subject to avoidance under Applicable Law (including, without limitation, Debtor Relief Laws)Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Samples: Credit Agreement (Brookdale Senior Living Inc.)

Guaranty of Payment. The Guarantor Seller hereby absolutely, irrevocably and unconditionally and irrevocably guarantees to the Administrative Agent for each Purchaser and the other Secured Party and their respective permitted successors and assigns Parties the prompt payment of the Obligations of Sold Receivables by the Primary Borrower related Obligors and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and all other payment obligations included in the other Loan Documents Sold Assets (collectively, the “Guaranty Guaranteed Obligations”) ), in each case, in full when due (due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) otherwise (such guaranty by the Guarantorguaranty, the “Seller Guaranty”). This The Seller Guaranty is a guaranty of payment and not merely of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Guaranteed Obligations of such Borrowers whenever arising until such Obligations have been paid in fullarising. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to To the extent the obligations of the Guarantor Seller hereunder in respect to the Seller Guaranty shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, including because of any applicable state or federal law Law relating to fraudulent conveyances or transfers) ), then the such obligations of the Guarantor hereunder Seller shall be limited to the maximum amount that is permissible under Applicable applicable Law (includingwhether federal or state or otherwise and including the Bankruptcy Code and any other applicable bankruptcy, without limitationinsolvency, Debtor Relief Lawsreorganization or other similar laws). Payments under this Seller Guaranty will be made to the extent of available funds in accordance with Section 4.01(c) following demand therefor (or upon automatic acceleration thereof in the circumstances provided in Article IX) notwithstanding any stay, injunction or other prohibition preventing such demand.

Appears in 1 contract

Samples: Receivables Purchase Agreement (StarTek, Inc.)

Guaranty of Payment. The Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent for each Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such guaranty by the Guarantor, the “Guaranty”). This Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in full. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws).. 146 CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO 17 C.F.R. SECTION 200.83

Appears in 1 contract

Samples: Revolving Credit Agreement (New PubCo Renewable Power Inc.)

Guaranty of Payment. The Guarantor hereby unconditionally and irrevocably guarantees to Lender the Administrative Agent for each Secured Party prompt, complete and their respective permitted successors and assigns the prompt full payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at the stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such guaranty by in accordance with the Guarantor, terms of the “Guaranty”)Loan Documents. This Guaranty is a guaranty of payment irrevocable, unconditional and not of collection absolute, and is a continuing irrevocable guaranty and shall apply to all if for any reason any portion of the Obligations is not paid promptly when due, Guarantor will immediately pay the full amount owed to Lender and/or the other Persons to whom such amount is owed, regardless of any defense, right of set-off or counterclaim Borrower may have or assert, and regardless of whether Lender or any other Person has taken any steps to enforce any rights against Borrower or any other Person to collect such sum, and regardless of any other condition or contingency. This Guaranty will also cover interest on the Obligations (as provided for in the Loan Documents) and all reasonable expenses (including attorneys’ fees) incurred by Lender in enforcing the payment of such Borrowers whenever arising until such the Obligations have been paid as provided for in fullthe Loan Documents and the performance of this Guaranty. Notwithstanding any contrary provision to the contrary contained herein or in any of the other Loan Documentsthis Guaranty, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (includinghowever, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be Guarantor’s maximum liability under this Guaranty is limited to the maximum amount extent, if any, required so that its liability is permissible not subject to avoidance under Applicable Law (including, without limitation, applicable Debtor Relief LawsLaws (as defined in the Credit Agreement).

Appears in 1 contract

Samples: Guaranty Agreement (Kentucky USA Energy, Inc.)

Guaranty of Payment. The Guarantor hereby absolutely, unconditionally and irrevocably guarantees guaranties to the Administrative Agent for each Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectivelyHolder, the “Guaranty Obligations”) in full punctual payment when due (due, whether at stated maturity, as a mandatory prepayment, maturity or by acceleration or otherwise) , of the indebtedness and other obligations of Company to the Holder evidenced by the Note Purchase Agreement and any other amounts that may become owing by the Company under the Transaction Documents (such guaranty by the Guarantorindebtedness, the obligations and other amounts are hereinafter referred to as GuarantyPayment Obligations”). This Guaranty is a present and continuing guaranty of payment and not of collection collectibility, and is a continuing irrevocable guaranty Holder shall not be required to prosecute collection, enforcement or other remedies against the Company or any other guarantor of the Payment Obligations, or to enforce or resort to any collateral for the repayment of the Payment Obligations or other rights or remedies pertaining thereto, before calling on Guarantor for payment. If for any reason Company shall fail or be unable to pay, punctually and fully, any of the Payment Obligations, Guarantor shall apply pay such obligations to Holder in full immediately upon demand. One or more successive actions may be brought against Guarantor, as often as Holder deem advisable, until all of the Guaranty Payment Obligations of such Borrowers whenever arising until such Obligations have been are paid and performed in full. Notwithstanding any provision to the contrary contained herein or in any of the The Payment Obligations, together with all other Loan Documents, to the extent the payment obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited are referred to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws)herein as “Company’s Obligations.

Appears in 1 contract

Samples: Loan Agreement and Secured Promissory Note (Eos Petro, Inc.)

Guaranty of Payment. The Guarantor Parent Borrower hereby absolutely, irrevocably and unconditionally guaranties the full and irrevocably guarantees to the Administrative Agent for each Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) of the obligations of each Subsidiary Borrower hereunder and under the other Loan Documents to which it is party (such guaranty by the Guarantorcollectively, the “GuarantySubsidiary Obligations”). This Guaranty is guaranty constitutes a guaranty of payment and not of collection and neither the Lenders nor the Administrative Agent acting on their behalf shall have any obligation to enforce any Loan Document against any Subsidiary Borrower or exercise any right or remedy thereunder by any action, prior to being entitled to the benefits of this Section 11.24. The Administrative Agent may, at its option, proceed against the Parent Borrower in the first instance, to enforce the Subsidiary Obligations without first proceeding against the any Subsidiary Borrower or any other Person, and without first resorting to any other rights or remedies, as the Administrative Agent may deem advisable. In furtherance hereof, if the Administrative Agent is a continuing irrevocable guaranty and prevented by law from collecting or otherwise hindered from collecting or otherwise enforcing any Subsidiary Obligation in accordance with its terms, the Administrative Agent shall apply be entitled to all of receive hereunder from the Guaranty Obligations of such Borrowers whenever arising until such Obligations Parent Borrower after demand therefor, the sums which would have been paid in full. Notwithstanding any provision to the contrary contained herein otherwise due had such collection or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid enforcement not been prevented or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws)hindered.

Appears in 1 contract

Samples: Credit Agreement (Valmont Industries Inc)

Guaranty of Payment. The Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent for each Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such guaranty by the Guarantor, the “Guaranty”). This Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers whenever arising until such Obligations have been paid in full. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that is permissible under Applicable Law (including, without limitation, Debtor Relief Laws).. 143 CONFIDENTIAL TREATMENT REQUESTED PURSUANT TO 17 C.F.R. SECTION 200.83

Appears in 1 contract

Samples: Revolving Credit Agreement (New PubCo Renewable Power Inc.)

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