Common use of Cross-Guaranty Clause in Contracts

Cross-Guaranty. Each Borrower hereby absolutely and unconditionally guarantees to Lender and its successors and assigns the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of all Obligations owed or hereafter owing to Lender by each other Borrower, including that portion of the Revolving Credit Loan attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section 11 shall be absolute and unconditional, irrespective of, and unaffected by:

Appears in 5 contracts

Samples: Loan and Security Agreement (Intelefilm Corp), Loan and Security Agreement (Marlton Technologies Inc), Loan and Security Agreement (Harmony Holdings Inc)

AutoNDA by SimpleDocs

Cross-Guaranty. Each Borrower hereby agrees that such Borrower is jointly and severally liable for, and hereby absolutely and unconditionally guarantees to Lender Agent and its Lenders and their respective successors and assigns assigns, the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of of, all Obligations owed or hereafter owing to Lender Agent and Lenders by each other Borrower, including that portion of the Revolving Credit Loan attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section 11 12 shall be absolute and unconditional, irrespective of, and unaffected by:,

Appears in 3 contracts

Samples: Credit Agreement (Home Products International Inc), Credit Agreement (Itron Inc /Wa/), Credit Agreement (Imagyn Medical Technologies Inc)

Cross-Guaranty. Each Borrower hereby absolutely and unconditionally -------------- guarantees to Lender and its successors and assigns the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of all Obligations owed or hereafter owing to Lender by each other Borrower, including that portion of the Revolving Credit Loan attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section 11 shall be absolute and unconditional, irrespective of, and unaffected by:

Appears in 3 contracts

Samples: Loan and Security Agreement (Nutrition for Life International Inc), Loan and Security Agreement (Advanced Nutraceuticals Inc/Tx), Loan and Security Agreement (Cd Warehouse Inc)

Cross-Guaranty. Each Borrower hereby absolutely and unconditionally guarantees to Lender and its successors and assigns the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of all Obligations owed or hereafter owing to Lender by each other Borrower, including that portion of the Revolving Credit Loan and the Term Loans attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section 11 shall be absolute and unconditional, irrespective of, and unaffected by:

Appears in 1 contract

Samples: Loan and Security Agreement (Edac Technologies Corp)

Cross-Guaranty. Each Borrower hereby absolutely and unconditionally guarantees to Lender and its successors and assigns the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of all Obligations owed or hereafter owing to Lender by each other Borrower, including that portion of the Revolving Credit any Loan attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section 11 15 shall be absolute and unconditional, irrespective of, and unaffected by:

Appears in 1 contract

Samples: Loan and Security Agreement (Blue Star Foods Corp.)

AutoNDA by SimpleDocs

Cross-Guaranty. Each Borrower hereby agrees that such Borrower is jointly and severally liable for, and hereby absolutely and unconditionally guarantees to Lender and its successors and assigns assigns, the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of of, all Obligations owed or hereafter owing to Lender by each other Borrower, including that portion of the Revolving Credit Loan attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section 11 12 shall be absolute and unconditional, irrespective of, and unaffected by:,

Appears in 1 contract

Samples: Credit Agreement (Ringer Corp /Mn/)

Cross-Guaranty. Each Borrower hereby absolutely and unconditionally guarantees to Lender and its successors and assigns the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of all Obligations owed or hereafter owing to Lender by each other Borrower, including that portion of the Revolving Credit Loan attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section SECTION 11 shall be absolute and unconditional, irrespective of, and unaffected by:

Appears in 1 contract

Samples: Loan and Security Agreement (Ballantyne of Omaha Inc)

Cross-Guaranty. Each Borrower hereby absolutely and unconditionally guarantees to Lender and its successors and assigns the full and prompt payment (whether at stated maturity, by acceleration or otherwise) and performance of all Obligations owed or hereafter owing to Lender by each other Person comprising Borrower, including that portion of the Revolving Credit any Loan attributable to each other Borrower. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, and that its obligations under this Section 11 shall be absolute and unconditional, irrespective of, and unaffected by:

Appears in 1 contract

Samples: Loan and Security Agreement (Dot Hill Systems Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.