Common use of Default of Guarantor Clause in Contracts

Default of Guarantor. Any default by the Guarantor occurs under the terms of any of the Guaranties; the Guarantor shall be dissolved, liquidated, wound-up or merged in violation of Section 6.1(h) hereof; the Guarantor shall be in default of any financial covenant or monetary obligation under a secured or unsecured revolving credit facility; the Guarantor shall for any reason contest, repudiate, or purport to revoke any Guaranty for any reason; or any Guaranty shall cease to be in full force and effect as to the Guarantor or shall be judicially declared null and void as to the Guarantor; or

Default of Guarantor. Any default by the Guarantor occurs under the terms of any of the GuarantiesGuaranties (including, without limitation, the failure to comply with the financial covenants set forth therein); the Guarantor shall be dissolved, liquidated, wound-up or merged in violation of Section 6.1(h) 6.1 hereof; the Guarantor shall be in default of any financial covenant or monetary obligation under a any secured or unsecured revolving credit facility; the Guarantor shall for any reason contest, repudiate, or purport to revoke any Guaranty for any reason; or any Guaranty shall cease to be in full force and effect as to the Guarantor Guarantor, or shall be judicially declared null and void as to the Guarantor, as applicable; or