Common use of The Guaranties Clause in Contracts

The Guaranties. Subject to Section 2.03, the Subsidiary Guarantors hereby jointly and severally unconditionally and irrevocably guarantee to each Purchaser and each holder from time to time of any Note, and to each of them, the due and punctual payment of all Guaranteed obligations as and when the same shall become due and payable, whether at maturity, by declaration or otherwise, according to the terms thereof. In case of failure by the Company punctually to pay the obligations guaranteed hereby, the Subsidiary Guarantors, subject to Section 2.03, hereby jointly and severally unconditionally agree to pay such obligations punctually as and when the same shall become due and payable, whether at maturity or by declaration or otherwise, at the place and in the manner specified in the applicable Financing Document, and as if such payment were made by the Company.

Appears in 1 contract

Sources: Securities Purchase Agreement (NPR Inc)

The Guaranties. Subject to Section 2.03, the Subsidiary Guarantors hereby hereby, jointly and severally severally, unconditionally and irrevocably guarantee guaranty to each Purchaser the Banks and each holder from time to time of any Note, the Agent and to each of them, the due and punctual payment of all Guaranteed obligations Guarantied Obligations as and when the same shall become due and payable, whether at maturity, by declaration or otherwise, according to the terms thereof. In case of failure by the Company Borrower punctually to pay the obligations guaranteed any indebtedness guarantied hereby, the Subsidiary Guarantors, subject to Section 2.03, hereby jointly and jointly, severally and, to the extent permitted by law, unconditionally agree to pay make such obligations payment punctually as and when the same shall become due and payable, whether at maturity maturity, or by declaration demand, declaration, acceleration or otherwise, at the place and in the manner specified in the applicable Financing Document, and as if such payment were made by the Company.

Appears in 1 contract

Sources: Subsidiary Guaranty Agreement (Con-Way Inc.)

The Guaranties. Subject to Section 2.03, the Subsidiary Guarantors hereby jointly and severally unconditionally and irrevocably guarantee to each the Purchaser and each holder from time to time of any Note, and to each of them, the due and punctual payment of all Guaranteed obligations Obligations as and when the same shall become due and payable, whether at maturity, by declaration or otherwise, according to the terms thereof. In case of failure by the Company punctually to pay the obligations guaranteed hereby, the Subsidiary Guarantors, subject to Section 2.03, hereby jointly and severally unconditionally agree to pay such obligations punctually as and when the same shall become due and payable, whether at maturity or by declaration or otherwise, at the place and in the manner specified in the applicable Financing Document, and as if such payment were made by the Company.

Appears in 1 contract

Sources: Securities Purchase Agreement (Sjit Inc)