Common use of Principal Debtor Clause in Contracts

Principal Debtor. Any amounts which may not be recoverable from any Guarantor as guarantor under this Agreement shall be recoverable from such Guarantor as principal debtor in respect thereof and shall be paid to the Noteholders by such Guarantor after demand therefor.

Appears in 3 contracts

Sources: Note Purchase Agreement (ENERPLUS Corp), Note Purchase Agreement (ENERPLUS Corp), Note Purchase Agreement (Enerplus Resources Fund)

Principal Debtor. Any Notwithstanding any other obligations of the Guarantor under this Agreement, any amounts which may not be recoverable from any the Guarantor as guarantor under this Agreement shall be recoverable from such the Guarantor as principal debtor in of respect thereof and shall be paid to Saskco by the Noteholders by such Guarantor after demand therefor.

Appears in 2 contracts

Sources: Guarantee and Pledge Agreement (Canadian Forest Oil LTD), Limited Recourse Secured Guarantee (Canadian Forest Oil LTD)

Principal Debtor. Any amounts which may not be recoverable from any the Guarantor as guarantor under this Agreement shall be recoverable from such the Guarantor as principal debtor in respect thereof and shall be paid to the Noteholders Agent on behalf of itself and the applicable Harvest Lenders by such the Guarantor after demand therefor.

Appears in 2 contracts

Sources: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.)

Principal Debtor. Any amounts which may not be recoverable from any either Guarantor as guarantor under this Agreement Guarantee shall be recoverable from such Guarantor as principal debtor in respect thereof and shall be paid to the Noteholders by such Guarantor after demand therefor.

Appears in 1 contract

Sources: Note Purchase Agreement (Enerplus Resources Fund)

Principal Debtor. Any Notwithstanding any other obligations of Guarantor under this Guarantee, any amounts which may not be recoverable from any Guarantor as guarantor under this Agreement Guarantee shall be recoverable from such Guarantor as principal debtor in respect thereof and shall be paid to the Noteholders Administrative Agent by such Guarantor after demand therefor.

Appears in 1 contract

Sources: Guarantee (Canadian Forest Oil LTD)

Principal Debtor. Any amounts which may not be recoverable from any the Guarantor as guarantor under this Agreement shall be recoverable from such the Guarantor as principal debtor in respect thereof and shall be paid to the Noteholders applicable Penn West Lender by such the Guarantor after demand therefor.

Appears in 1 contract

Sources: Credit Agreement (Penn West Energy Trust)

Principal Debtor. Any amounts which may not be recoverable from any the Guarantor as guarantor under this Agreement shall be recoverable from such the Guarantor as principal debtor in respect thereof and shall be paid to the Noteholders Administrative Agent or each Hedge Provider, as applicable, by such the Guarantor after demand therefor.

Appears in 1 contract

Sources: Credit Agreement (Enerplus Resources Fund)

Principal Debtor. Any amounts which may not be recoverable from any the Guarantor as guarantor under this Agreement shall be recoverable from such the Guarantor as principal debtor in respect thereof and shall be paid to the Noteholders by such the Guarantor after demand therefor.

Appears in 1 contract

Sources: Note Purchase Agreement (Enerplus Resources Fund)