Common use of Acceleration of Guaranty Clause in Contracts

Acceleration of Guaranty. Each Borrower agrees that, if an Event of Default of the nature set forth in Section 9.1.9 shall occur at a time when any of the Guaranteed Obligations of any Account Party may not then be due and payable, such Borrower agrees that it will pay to the Administrative Agent for the account of the Secured Parties forthwith the full amount which would be payable under the guaranty contained in this Section 4.10 by such Borrower if all such Guaranteed Obligations were then due and payable.

Acceleration of Guaranty. Each The Borrower agrees that, if an Event of Default of the nature set forth in Section 9.1.9 shall occur at a time when any of the Guaranteed Obligations of any Account Party may not then be due and payable, such the Borrower agrees that it will pay to the Administrative Agent for the account of the Secured Parties forthwith the full amount which would be payable under the guaranty contained in this Section 4.10 by such the Borrower if all such Guaranteed Obligations were then due and payable.

Acceleration of Guaranty. Each Borrower agrees that, if an Event in the event of a Default of the nature type set forth in Section 9.1.9 8.1.9 and if such event shall occur at a time when any of the Guaranteed Obligations of any Account Party the other Borrowers and each other Obligor may not then be due and payable, such Borrower agrees that it will pay to the Administrative Agent for the account of the Secured Lender Parties forthwith the full amount which would be payable under the guaranty contained in this Section 4.10 hereunder by such Borrower or Obligor if all such Guaranteed Obligations were then due and payable.