Common use of Condition of Borrower or Guarantor Clause in Contracts

Condition of Borrower or Guarantor. The insolvency, bankruptcy, arrangement, adjustment, composition, liquidation, disability, dissolution or lack of power of the Company or any other party at any time liable for the payment of all or part of the Guaranteed Debt; or any dissolution of the Company or Guarantor, or any sale, lease or transfer of any or all of the assets of the Company or Guarantor; or any reorganization of the Company or Guarantor;

Appears in 2 contracts

Sources: Guaranty Agreement (Terra Energy & Resource Technologies, Inc.), Guaranty Agreement (Terra Energy & Resource Technologies, Inc.)

Condition of Borrower or Guarantor. The insolvency, bankruptcy, arrangement, adjustment, composition, liquidation, disability, dissolution or lack of power of the Company Borrower, Guarantor or any other party at any time liable for the payment of all or part of the Guaranteed DebtObligations; or any dissolution of the Company or Guarantor, or any sale, lease or transfer of any or all of the assets of Borrower or Guarantor, or any changes in the Company shareholders, partners or members of Borrower or Guarantor; or any reorganization of the Company Borrower or Guarantor;.

Appears in 1 contract

Sources: Guaranty of Completion and Non Recourse Carve Outs (Sentio Healthcare Properties Inc)

Condition of Borrower or Guarantor. The insolvency, bankruptcy, bankruptcy arrangement, adjustment, composition, liquidation, disability, dissolution dissolution, death or lack of power of the Company Borrower or Guarantor or any other party Person at any time liable for the payment of all or part of the Guaranteed Debt; or any dissolution of the Company or Guarantor, or any sale, lease or transfer of any or all of the assets of the Company or Guarantor; or any reorganization of the Company or Guarantor;liable

Appears in 1 contract

Sources: Guaranty Agreement (Brigham Exploration Co)

Condition of Borrower or Guarantor. The insolvency, bankruptcy, arrangement, adjustment, composition, liquidation, disability, dissolution or lack of power of the Company Borrower or any other party Person at any time liable for the payment of all or part of the Guaranteed DebtLiabilities; or any dissolution of the Company or Guarantor, Borrower or any sale, lease or transfer of any or all of the assets of the Company Borrower or Guarantor, or any changes in the shareholders or members of Borrower; or any reorganization of the Company or GuarantorBorrower;

Appears in 1 contract

Sources: Credit Agreement (Midcoast Energy Resources Inc)

Condition of Borrower or Guarantor. The insolvency, bankruptcy, arrangement, adjustment, composition, liquidation, disability, dissolution or lack of power of the Company Borrower, Guarantor or any other party at any time liable for the payment of all or part of the Guaranteed DebtObligations; or any dissolution of the Company or GuarantorBorrower, or any sale, lease or transfer of any or all of the assets of the Company Borrower or Guarantor; , or any changes in the shareholders, partners or members of Borrower or any reorganization of the Company or Guarantor;Borrower.

Appears in 1 contract

Sources: Guaranty (Ampal-American Israel Corp)

Condition of Borrower or Guarantor. The insolvency, bankruptcy, arrangement, adjustment, composition, liquidation, disability, dissolution dissolution, or lack of power of the Company Borrower or any other party at any time liable for the payment of all or part of the Guaranteed DebtLiabilities; or any dissolution of the Company or GuarantorBorrower, or any sale, lease lease, or transfer of any or all of the assets of the Company Borrower or the Guarantor; or any reorganization of the Company Borrower or the Guarantor;

Appears in 1 contract

Sources: Guaranty (Harken Energy Corp)