Examples of Unsecured Guarantor in a sentence
The obligations of each Unsecured Guarantor under this Agreement shall not be (or be construed so as to be) discharged by any intermediate discharge or payment of or on account of any of the guaranteed obligations or any settlement of account or any other matter (other than the discharge in full of the guaranteed obligations).
If and whenever any Obligor shall default in the payment, discharge or performance of any of the guaranteed obligations, each Unsecured Guarantor shall, upon written demand by the Agent, promptly pay, perform or discharge the guaranteed obligations in respect of which such default has been made.
If any amount shall erroneously be paid to the Unsecured Guarantor on account of (a) such subrogation, contribution, reimbursement, indemnity or similar right or (b) any such indebtedness of any Loan Party, such amount shall be held in trust for the benefit of the Credit Parties and shall forthwith be paid to the Agent to be credited against the payment of the Unsecured Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of the Credit Agreement.
However, there was a degree of consensus regarding the factors holding back the level of translational effort within academic institutions.
The obligations of each Unsecured Guarantor under this Agreement are continuing obligations and shall remain in force until all of the guaranteed obligations have been satisfied in full.