Examples of Guarantied Obligations in a sentence
If acceleration of the time for payment of any of the Guarantied Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guarantied Obligations shall nonetheless be payable by each Guarantor forthwith on demand by the Lender.
Each Guarantor agrees that it is directly and primarily liable for all of the Guarantied Obligations, and that its obligations under this Guaranty are joint and several with the Borrower and with each of the other Guarantors.
Without limiting the generality of the foregoing clause (b), the Lender may assign or otherwise transfer any Guarantied Obligations owed to it to any other Person, and such other Person shall thereupon become vested with all the rights in respect thereof granted to the Lender herein or otherwise with respect to such Guarantied Obligations so transferred or assigned; subject, however, to compliance with the provisions of the Loan Agreement.
Each Guarantor guarantees that the Guarantied Obligations will be paid and performed strictly in accordance with the terms of the Loan Agreement and the other Loan Documents without set-off or counterclaim, and regardless of any applicable law now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Lender with respect thereto.
The Lender may require payment or performance from any or all of the Guarantors of, and each Guarantor shall be obligated to pay and perform, all of the Guarantied Obligations, whether in whole or in part, at such times and in such amounts and proportions as the Lender may determine in their sole discretion.