Common use of No Delay Clause in Contracts

No Delay. Any payments required to be made by Guarantor hereunder shall become due on demand in accordance with the terms hereof immediately upon the happening of an Event of Default under any Transaction Document.

Appears in 5 contracts

Sources: Guaranty (Adcare Health Systems Inc), Guaranty (Adcare Health Systems Inc), Lease Guaranty (Alterra Healthcare Corp)

No Delay. Any payments required to be made by Guarantor Guarantors hereunder shall become due on demand in accordance with the terms hereof immediately upon the happening of an Event of Default under any Sterling Transaction Document.

Appears in 2 contracts

Sources: Settlement Agreement (Omega Healthcare Investors Inc), Guaranty (Advocat Inc)

No Delay. Any payments required to be made by Guarantor hereunder shall become due on demand in accordance with the terms hereof immediately upon the happening of an Event of Default under the Master Lease or any of the Transaction DocumentDocuments.

Appears in 1 contract

Sources: Guaranty (Sun Healthcare Group Inc)

No Delay. Any payments required to be made by Guarantor hereunder shall become due on demand in accordance with the terms hereof immediately upon the happening of an Event of Default under any Sterling Transaction Document.

Appears in 1 contract

Sources: Settlement Agreement (Omega Healthcare Investors Inc)

No Delay. Any payments required to be made by a Guarantor hereunder shall become due on demand in accordance with the terms hereof immediately upon the happening of an Event of Default under any Transaction Document.

Appears in 1 contract

Sources: Guaranty (Ensign Group, Inc)

No Delay. Any payments required to be made by Guarantor hereunder shall become due on demand in accordance with the terms hereof immediately upon the happening of an Event of Default under any Transaction Lease Document.

Appears in 1 contract

Sources: Guaranty (Diversicare Healthcare Services, Inc.)