Common use of No Impairment of Guaranty Clause in Contracts

No Impairment of Guaranty. The obligations of the US Loan Parties hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations. Without limiting the generality of the foregoing, the obligations of the US Loan Parties hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agent or a Lender to assert any claim or demand or to enforce any remedy under this Agreement or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the US Loan Parties or would otherwise operate as a discharge of the US Loan Parties as a matter of law, unless and until the Secured Obligations are paid in full.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Tower Automotive, LLC)

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No Impairment of Guaranty. The obligations of the US Loan Parties Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations. Without limiting the generality of the foregoing, the obligations of the US Loan Parties Guarantors hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agent, the Co-Agent or a Lender Bank to assert any claim or demand or to enforce any remedy under this Agreement or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the US Loan Parties Guarantors or would otherwise operate as a discharge of the US Loan Parties Guarantors as a matter of law, unless and until the Secured Obligations are paid in full.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (LTV Corp)

No Impairment of Guaranty. The obligations Obligations of the US Loan Parties Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured ObligationsObligations or otherwise. Without limiting the generality of the foregoing, the obligations Obligations of the US Loan Parties Guarantors hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agent or a Lender any Bank to assert any claim or demand or to enforce any remedy under this Agreement or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the US Loan Parties Guarantors or would otherwise operate as a discharge of the US Loan Parties Guarantors as a matter of law, unless and until the Secured Obligations are paid in full.

Appears in 1 contract

Samples: Term Loan Agreement (Beazer Homes Usa Inc)

No Impairment of Guaranty. The obligations of the US Loan Parties Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reasonreason (other than payment in full), including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations. Without limiting the generality of the foregoing, the obligations of the US Loan Parties Guarantors hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agent or a Lender Bank to assert any claim or demand or to enforce any remedy under this Agreement or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the US Loan Parties Guarantors or would otherwise operate as a discharge of the US Loan Parties Guarantors as a matter of law, unless and until the Secured Obligations are paid in full.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Alliance Entertainment Corp)

No Impairment of Guaranty. The obligations of the US Loan Parties Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations. Without limiting the generality of the foregoing, the obligations of the US Loan Parties Guarantors hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agents, the Collateral Agent or a Lender to assert any claim or demand or to enforce any remedy under this Agreement or any other agreement, by any waiver or modification of any provision hereof or thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the US Loan Parties Guarantors or would otherwise operate as a discharge of the US Loan Parties Guarantors as a matter of law, unless and until the Secured Obligations are paid in fullfull (other than contingent indemnification obligations as to which no claim giving rise thereto has been asserted).

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Ual Corp /De/)

No Impairment of Guaranty. The obligations of the US Loan Parties hereunder Guarantors under this Agreement shall not be subject to (a) any reduction, limitation, impairment or termination for any reason, including, without limitation, reason (including any claim of waiver, release, surrender, alteration or compromise), and shall not be subject to (b) any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations. Without limiting the generality of the foregoing, the obligations of the US Loan Parties hereunder Guarantors under this Agreement shall not be discharged or impaired or otherwise affected by (i) the failure of the Agent Agents or a any Lender to assert any claim or demand or to enforce any remedy under this Agreement or any other agreementLoan Document, by (ii) any waiver or modification of any provision thereofof any Loan Document, by (iii) any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by (iv) any other act or thing or omission or delay to do any other act or thing which that may or might in any manner or to any extent vary the risk of the US Loan Parties Guarantors or would otherwise operate as a discharge of the US Loan Parties Guarantors as a matter of law, law unless and until the Secured Obligations are paid in full.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Key3media Group Inc)

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No Impairment of Guaranty. The obligations of the US Loan Parties MBE Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations. Without limiting the generality of the foregoing, the obligations of the US Loan Parties MBE Guarantor hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agent or a DIP Lender to assert any claim or demand or to enforce any remedy under this Agreement Guaranty or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by any other act or thing or omission or delay to do any other act or thing which that may or might in any manner or to any extent vary the risk of the US Loan Parties MBE Guarantor or would otherwise operate as a discharge of the US Loan Parties MBE Guarantor as a matter of law, unless and until the Secured Obligations are paid in full.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Us Office Products Co)

No Impairment of Guaranty. The obligations of the US Loan Parties Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment recoupment, or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured ObligationsLiabilities. Without limiting the generality of the foregoing, the obligations of the US Loan Parties Guarantors hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agent or a Lender any Secured Party to assert any claim or demand or to enforce any remedy under this Agreement or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured ObligationsLiabilities, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of -106- 116 the US Loan Parties Guarantors or would otherwise operate as a discharge of the US Loan Parties Guarantors as a matter of law, unless and until the Secured Obligations Liabilities are paid in full.

Appears in 1 contract

Samples: Loan and Security Agreement (Shopko Stores Inc)

No Impairment of Guaranty. The obligations of the US Loan Parties hereunder shall Guarantors ------------------------- hereundershall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations. Without limiting the generality of the foregoing, the obligations of the US Loan Parties Guarantors hereunder shall not be discharged or impaired or otherwise affected by the failure of the Agent or a Lender Bank to assert any claim or demand or to enforce any remedy under this Agreement or any other agreement, by any waiver or modification of any provision thereof, by any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk of the US Loan Parties Guarantors or would otherwise operate as a discharge of the US Loan Parties Guarantors as a matter of law, unless and until the Secured Obligations are paid in full.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Mariner Post Acute Network Inc)

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