Common use of The Guaranty Clause in Contracts

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower under this Agreement. Upon failure by the Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 16 contracts

Samples: Credit Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks Corp), Credit Agreement (Nortel Networks Corp)

AutoNDA by SimpleDocs

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower any Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 12 contracts

Samples: Assignment and Assumption Agreement (Polaroid Corp), Credit Agreement (Lincoln Electric Co), Credit Agreement (Analog Devices Inc)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued Loan made to and each obligation to reimburse any LC Disbursement incurred by the each other Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the each other Borrower under this Agreement. Upon failure by the any other Borrower to pay punctually any such amount, the Company agrees that it shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Cummins Inc), Credit Agreement (Cummins Inc), Assignment and Assumption (Cummins Inc)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued Loan made to and each Reimbursement Obligation incurred by the Borrower each Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower each Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Praxair Inc), Credit Agreement (Praxair Inc), Credit Agreement (Universal Health Services Inc)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower Loan made to any Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Johnson Controls Inc), Credit Agreement (Gillette Co), Credit Agreement (Gillette Co)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued all Loans and Letter of Credit Liabilities incurred by the Borrower any Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner and currency specified in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Allergan Inc), Credit Agreement (Allergan Inc), Credit Agreement (Allergan Inc)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower Capital Funding pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower Capital Funding under this Agreement. Upon failure by the Borrower Capital Funding to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Qwest Communications International Inc), Credit Agreement (U S West Communications Inc), Credit Agreement (U S West Inc /De/)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Loan made to each other Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the each other Borrower under this Agreement. Upon failure by the any other Borrower to pay punctually any such amount, the Company agrees that it shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Cummins Inc), Day Credit Agreement (Cummins Inc)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower each Eligible Subsidiary pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower each Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Albany International Corp /De/)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Loan made to each Designated Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the each Designated Borrower under this Agreement. Upon failure by the any Designated Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Samples: Assignment and Assumption (Cliffs Natural Resources Inc.)

AutoNDA by SimpleDocs

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment of the principal of and interest on each Note (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower pursuant to this Agreement, any Eligible Subsidiary and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Timberland Co)

The Guaranty. The Company hereby unconditionally and absolutely guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by Loan made to the Co-Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Co-Borrower under this Agreement. Upon failure by the Co-Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Samples: Guaranty Agreement (LyondellBasell Industries N.V.)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued by the Borrower Credit Corporation pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower Credit Corporation under this Agreement. Upon failure by the Borrower Credit Corporation to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Kerr McGee Corp)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued Loan borrowed by the Borrower any Eligible Subsidiary pursuant to this Agreement, Agreement and the full and punctual payment of all other amounts payable by the Borrower any Eligible Subsidiary under this Agreement. Upon failure by the Borrower any Eligible Subsidiary to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner and currency specified in this Agreement.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Boise Cascade Office Products Corp)

The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity, upon acceleration or otherwise) of the principal of and interest on each Note issued all Loans incurred by the Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Borrower under this Agreement. Upon failure by the Borrower to pay punctually any such amount, the Company shall forthwith on demand pay the amount not so paid at the place and in the manner and currency specified in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

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