Common use of Suits Clause in Contracts

Suits. Each Guarantor from time to time shall pay to the Agent for the benefit of the Lenders, on demand, at the Agent's place of business set forth in the Credit Agreement, the Guarantor's Obligations as they become or are declared due, and in the event such payment is not made forthwith, the Agent on behalf of the Lenders may proceed to suit against any one or more or all of the Guarantors and/or any other guarantor of the Borrower's Liabilities. At the Agent's election, one or more and successive or concurrent suits may be brought hereon by the Agent against any one or more or all of the Guarantors, whether or not suit has been commenced against the Borrower, any other guarantor of the Borrower's Liabilities, or any other Person and whether or not the Agent or any Lender has taken or failed to take any other action to collect all or any portion of the Borrower's Liabilities.

Appears in 3 contracts

Samples: Credit Agreement (Saks Inc), Credit Agreement (Saks Inc), Credit Facilities and Reimbursement Agreement (Proffitts Inc)

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Suits. Each Guarantor from time to time shall pay to the Agent for the benefit of the Lenders, on demand, at the Agent's place of business set forth in the Credit Agreement, the Guarantor's Guarantors' Obligations as they become or are declared due, and in the event such payment is not made forthwith, the Agent on behalf of or the Lenders or any of them may proceed to suit against any one or more or all of the Guarantors and/or any other guarantor of the Borrower's Liabilitiessuch Guarantor. At the Agent's election, one or more and successive or concurrent suits may be brought hereon by the Agent against any one or more or all of the GuarantorsGuarantor, whether or not suit has been commenced against the Borrower, any other Guarantor or any other guarantor of the Borrower's Liabilities, or any other Person and whether or not the Agent or any Lender has taken or failed to take any other action to collect all or any portion of the Borrower's Liabilities.

Appears in 3 contracts

Samples: Security Agreement (Bec Group Inc), Bolle Credit Agreement (Bolle Inc), Guaranty Agreement (Sykes Enterprises Inc)

Suits. Each Guarantor from time to time shall pay to the Agent for the benefit of the LendersLender, on demand, at the AgentLender's place of business set forth in the Credit Agreement, the Guarantor's Guarantors' Obligations as they become or are declared due, and in the event such payment is not made forthwithwhen due, the Agent on behalf of the Lenders Lender may proceed to suit against any one or more or all of the Guarantors and/or any other guarantor of the Borrower's LiabilitiesGuarantors. At the Agentlender's election, one or more and successive or concurrent suits may be brought hereon by the Agent Lender against any one or more or all of the Guarantors, whether or not suit has been commenced against the Borrower, any other guarantor of the Borrower's Liabilities, or any other Person and whether or not the Agent or any Lender has taken or failed to take any other action to collect all or any portion of the Borrower's Liabilities.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Crown Crafts Inc), Revolving Credit Agreement (Crown Crafts Inc), Subsidiary Guaranty Agreement (Crown Crafts Inc)

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Suits. Each Guarantor shall from time to time shall on or after the Completion Date pay to the Agent for the benefit (on behalf of the Series A Lenders), on demand, at the Agent's place of business set forth in the Credit Agreement, the Guarantor's Obligations as they become or are declared due, and in the event such payment is not made forthwith, the Agent on behalf of the Lenders may proceed to suit against any one or more Guarantor or all of the Guarantors and/or any other guarantor of the Borrower's LiabilitiesGuarantors. At the Agent's election, one or more and successive or concurrent suits may be brought hereon by the Agent against any one or more or all of the Guarantors, whether or not suit has been commenced against the Borrower, any other guarantor of the Borrower's Liabilities, or any other Person and whether or not the Agent or any Lender has taken or failed to take any other action to collect all or any portion of the Borrower's Liabilities.

Appears in 1 contract

Samples: Guaranty Agreement (Aviation Sales Co)

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