Common use of Invalidity of Guaranteed Obligations Clause in Contracts

Invalidity of Guaranteed Obligations. The invalidity, illegality or unenforceability of all or any part of the Guaranteed Obligations, or any document or agreement executed in connection with the Guaranteed Obligations, for any reason whatsoever is illegal, uncollectible or unenforceable.

Appears in 3 contracts

Sources: Guaranty Agreement (Earth Biofuels Inc), Guaranty Agreement (PNG Ventures Inc), Guaranty Agreement (Earth Biofuels Inc)

Invalidity of Guaranteed Obligations. The invalidity, illegality or unenforceability of all or any part of the Guaranteed ObligationsTotal Debt, or any document or agreement executed in connection with the Guaranteed ObligationsTotal Debt, for any reason whatsoever is illegal, uncollectible or unenforceable.

Appears in 2 contracts

Sources: Guaranty Agreement (Rg Capital Management Lp), Guaranty Agreement (Sandell Asset Management Corp)

Invalidity of Guaranteed Obligations. The invalidity, illegality or unenforceability of all any Guaranteed Obligation for any reason whatsoever, including, but not limited to; the existence of valid defenses, counterclaims or off-sets to any part Guaranteed Obligation; the violation of applicable usury laws by any Guaranteed Obligation; or the inauthenticity of any document or instrument relating to the Guaranteed Obligations, or any document or agreement executed in connection with the Guaranteed Obligations, for any reason whatsoever is illegal, uncollectible or unenforceable.

Appears in 2 contracts

Sources: Guaranty (Deer Valley Corp), Guaranty (Deer Valley Corp)

Invalidity of Guaranteed Obligations. The invalidity, illegality or unenforceability of all or any part of the Guaranteed Obligations, Obligations or any document or agreement executed in connection with the Guaranteed Obligations, Obligations for any reason whatsoever is illegal, uncollectible or unenforceablewhatsoever.

Appears in 1 contract

Sources: Guaranty Agreement (Altitude International Holdings, Inc.)