Common use of Instrument for the Payment of Money Clause in Contracts

Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 constitutes an instrument for the payment of money, and agrees that any Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring motion-action under New York CPLR Section 3213.

Appears in 5 contracts

Samples: Credit Agreement (Transatlantic Petroleum Ltd.), Credit Agreement (Transatlantic Petroleum Ltd.), Credit Agreement (Transatlantic Petroleum Ltd.)

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Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 Guarantee Agreement constitutes an instrument for the payment of money, and consents and agrees that any Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213.

Appears in 5 contracts

Samples: Security Agreement (Emdeon Inc.), Collateral Agreement (Wesco International Inc), First Lien Security Agreement (Emdeon Inc.)

Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 Article II constitutes an instrument for the payment of money, and consents and agrees that any Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213.

Appears in 4 contracts

Samples: Credit Agreement (United Surgical Partners International Inc), Guarantee and Collateral Agreement (Usp Mission Hills, Inc.), Guarantee and Collateral Agreement (United Surgical Partners International Inc)

Instrument for the Payment of Money. Each The Guarantor hereby acknowledges that the guarantee in this ARTICLE Clause 10 constitutes an instrument for the payment of money, and consents and agrees that any Secured PartyCreditor, at its sole option, in the event of a dispute by such the Guarantor in the payment of any moneys due hereunder, shall have the right to bring motion-action under New York CPLR Section 3213.

Appears in 2 contracts

Samples: Credit Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)

Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 Section 6 constitutes an instrument for the payment of money, and consents and agrees that any Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring motion-action under New York CPLR Section 3213.

Appears in 2 contracts

Samples: Credit Agreement (Gran Tierra Energy, Inc.), Agreement (Gran Tierra Energy, Inc.)

Instrument for the Payment of Money. Each The Guarantor hereby acknowledges that the guarantee in this ARTICLE Section 10 constitutes an instrument for the payment of money, and consents and agrees that any Secured Partythe Holders, at its their sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Spirit Airlines, Inc.), Securities Purchase Agreement (Spirit Airlines, Inc.)

Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 Section 2 constitutes an instrument for the payment of money, and consents and agrees that any Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring motion-action under New York CPLR Section 3213.

Appears in 2 contracts

Samples: Intercreditor Agreement (CDW Finance Corp), Guarantee and Collateral Agreement (CDW Finance Corp)

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Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 Article 9 constitutes an instrument for the payment of money, and agrees that any Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring motion-action under New York CPLR Section 3213.

Appears in 1 contract

Samples: Credit Agreement (Transatlantic Petroleum Ltd.)

Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 Article VIII constitutes an instrument for the payment of money, and consents and agrees that any the Secured Party, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213.

Appears in 1 contract

Samples: Intercreditor Agreement (Delta Tucker Holdings, Inc.)

Instrument for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this ARTICLE 10 Article 11 constitutes an instrument for the payment of money, and consents and agrees that any Secured PartyParty or Agent, at its sole option, in the event of a dispute by such Guarantor in the payment of any moneys due hereunder, shall have the right to bring a motion-action under New York CPLR Section 3213. Section 11.08.

Appears in 1 contract

Samples: Peter Cucchiara Credit Agreement (Surgery Partners, Inc.)

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