Common use of THE GUARANTEED DEBT Clause in Contracts

THE GUARANTEED DEBT. (a) Subject to Section 2(f) below, the Guarantors hereby jointly and severally, irrevocably, absolutely, and unconditionally guarantee to Lender the prompt, complete, and full payment when due, and no matter how the same shall become due, of: (i) the Loan, including the Note and any other note that may be issued from time to time to evidence the Loan and all principal thereof, all interest thereon and all other sums payable thereunder; (ii) all obligations or liabilities of any Loan Obligor; (iii) all other sums payable under the Loan Documents, whether for principal, interest, fees or otherwise; and (iv) any and all other indebtedness, obligations or liabilities which may at any time be owed to Lender, whether incurred heretofore or hereafter or concurrently herewith, under or pursuant to any of the Loan Documents. Without limiting the generality of the foregoing, the Guarantors’ liability hereunder shall extend to and include all post-petition interest, expenses, and other duties and liabilities of Borrower described above in this subsection (a), or below in the following subsection (b), which would be owed by Borrower but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization, or similar proceeding involving Borrower.

Appears in 2 contracts

Samples: Guaranty (Manchester Inc), Guaranty (Manchester Inc)

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THE GUARANTEED DEBT. (a) Subject to Section 2(f) below, the Guarantors The Guarantor hereby jointly and severally, irrevocably, absolutely, and unconditionally guarantee guarantees to Lender the prompt, complete, and full payment when due, and no matter how the same shall become due, of: (i) the LoanLoans, including the Note Notes and any other note that may be issued from time to time to evidence the Loan Loans and all principal thereof, all interest thereon and all other sums payable thereunder; (ii) all obligations Indebtedness, obligations, liabilities or liabilities indemnities of any Obligor owing to Lender under the Loan ObligorAgreement or any other Loan Document; (iii) all other sums payable under the other Loan Documents, whether for principal, interest, fees or otherwise; and (iv) any and all other indebtedness, obligations or liabilities which may at any time be owed to Lender, whether incurred heretofore or hereafter or concurrently herewith, under or pursuant to any of the Loan Documents. Without limiting the generality of the foregoing, the Guarantors’ Guarantor's liability hereunder shall extend to and include all post-petition interest, expenses, and other duties and liabilities of Borrower the Borrowers described above in this subsection (a), or below in the following subsection (b), which would be owed by Borrower the Borrowers but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization, or similar proceeding involving a Borrower.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Carbiz Inc)

THE GUARANTEED DEBT. (a) Subject to Section 2(f) below, the Guarantors The Guarantor hereby jointly and severally, irrevocably, absolutely, and unconditionally guarantee guarantees to Lender the prompt, complete, and full payment when due, and no matter how the same shall become due, of: (i) the LoanLoans, including the Note Notes and any other note that may be issued from time to time to evidence the Loan Loans and all principal thereof, all interest thereon and all other sums payable thereunder; (ii) all obligations Indebtedness, obligations, liabilities or liabilities indemnities of any Obligor owing to Lender under the Loan ObligorAgreement or any other Loan Document; (iii) all other sums payable under the other Loan Documents, whether for principal, interest, fees or otherwise; and (iv) any and all other indebtedness, obligations or liabilities 0000000x0 which may at any time be owed to Lender, whether incurred heretofore or hereafter or concurrently herewith, under or pursuant to any of the Loan Documents. Without limiting the generality of the foregoing, the Guarantors’ Guarantor's liability hereunder shall extend to and include all post-petition interest, expenses, and other duties and liabilities of Borrower the Borrowers described above in this subsection (a), or below in the following subsection (b), which would be owed by Borrower the Borrowers but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization, or similar proceeding involving a Borrower.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Carbiz Inc)

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THE GUARANTEED DEBT. (a) Subject to Section 2(f) below, the Guarantors The Guarantor hereby jointly and severally, irrevocably, absolutely, and unconditionally guarantee guarantees to the Administrative Agent and each Lender the prompt, complete, and full payment when due, and no matter how the same shall become due, of: (i) the Loan, including the Note Notes and any other note that may be issued from time to time to evidence the Loan and all principal thereof, all interest thereon and all other sums payable thereunder; (ii) all obligations Indebtedness, obligations, liabilities or liabilities indemnities of any Obligor owing to Administrative Agent or any Lender under the Loan ObligorAgreement or any other Loan Document; (iii) all other sums payable under the other Loan Documents, whether for principal, interest, fees or otherwise; and (iv) any and all other indebtedness, obligations or liabilities which may at any time be owed to the Administrative Agent or any Lender, whether incurred heretofore or hereafter or concurrently herewith, under or pursuant to any of the Loan Documents. Without limiting the generality of the foregoing, the Guarantors’ Guarantor's liability hereunder shall extend to and include all post-petition interest, expenses, and other duties and liabilities of Borrower the Borrowers described above in this subsection (a), or below in the following subsection (b), which would be owed by Borrower the Borrowers but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization, or similar proceeding involving a Borrower.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Carbiz Inc)

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