Stay of Acceleration Ineffective with Respect to Guarantor Sample Clauses
The 'Stay of Acceleration Ineffective with Respect to Guarantor' clause establishes that any legal or contractual delay (or 'stay') in accelerating a borrower's obligations does not apply to the guarantor's responsibilities. In practice, this means that if a borrower files for bankruptcy or is otherwise protected from immediate repayment demands, the guarantor can still be required to pay the full amount immediately, regardless of the borrower's protected status. This clause ensures that lenders can pursue the guarantor for payment without being hindered by any stays that benefit the borrower, thereby reducing the lender's risk of non-payment.
Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Seller under the SMA(s) is stayed upon the insolvency, bankruptcy or reorganization of Seller, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the SMA(s) shall nonetheless be payable by the Guarantor hereunder on written demand by Buyer.
Stay of Acceleration Ineffective with Respect to Guarantor. In the event that acceleration of the time for payment of any amount payable by the Company under the Agreement(s) is stayed upon the insolvency, bankruptcy or reorganization of the Company, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the Agreement(s) shall nonetheless be payable by the Guarantor hereunder forthwith on demand by the Counterparty.
Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Supplier under the FSA is stayed upon the insolvency, bankruptcy or reorganization of Supplier, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the FSA shall nonetheless be payable by the Guarantor hereunder on written demand by Creditor.
Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Seller under the DSMA is stayed upon the insolvency, bankruptcy or reorganization of Seller, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the DSMA shall nonetheless be payable by the Guarantor hereunder on written demand by Creditor. The Guarantor acknowledges that it has read and understood all the provisions of this Guaranty, and has been advised by counsel as necessary or appropriate. ATTEST: [Guarantor] By: Name: Title: EXHIBIT G FORM OF NOTICE Any notices required under this Agreement shall be made as follows: Buyer: Seller: Street: Street: City/State/Zip: City/State/Zip Attn: Attn: Facsimile: Facsimile: Duns: Duns: Federal Tax ID Number: Federal Tax ID Number: Attn: Attn: Phone: Phone: Facsimile: Facsimile: Attn: Attn: Phone: Phone: Facsimile: Facsimile: Attn: Attn: Phone: Phone: Facsimile: Facsimile: BNK: BNK: ABA: ABA: ACCT: ACCT: Attn: Attn: Phone: Phone: Facsimile: Facsimile: Attn: Attn: Phone: Phone: Facsimile: Facsimile: This Declaration of Authority (“Declaration”) is made this PARTY A: (“Party A”) PARTY B: (“Party B”).
Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Seller under the POLR SMA(s) is stayed upon the insolvency, bankruptcy or reorganization of Seller, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the POLR SMA(s) shall nonetheless be payable by the Guarantor hereunder on written demand by Buyer. The Guarantor acknowledges that it has read and understood all the provisions of this Guaranty, and has been advised by counsel as necessary or appropriate. [Guarantor] By: Name: Title: EXHIBIT GE Any notices required under this Agreement shall be made as follows: BUYER: PPL Electric Utilities Corporation Street: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇/▇▇▇▇▇/▇▇▇: ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Facsimile: ▇▇▇-▇▇▇-▇▇▇▇ Duns: ▇▇-▇▇▇-▇▇▇▇ Federal Tax ID Number: ▇▇-▇▇▇▇▇▇▇ Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Phone: ▇▇▇-▇▇▇-▇▇▇▇ Facsimile: ▇▇▇-▇▇▇-▇▇▇▇ Attn: N/A Phone: N/A Facsimile: N/A Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Phone: ▇▇▇-▇▇▇-▇▇▇▇ Facsimile: ▇▇▇-▇▇▇-▇▇▇▇ SELLER: Street: City/State/Zip: Attn: Facsimile: Duns: Federal Tax ID Number: Attn: Phone: Facsimile: Attn: Phone: Facsimile: Attn: Phone: Facsimile:
Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Supplier under the FSA is stayed upon the insolvency, bankruptcy or reorganization of Supplier, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the FSA shall nonetheless be payable by the Guarantor hereunder on written demand by Creditor. The Guarantor acknowledges that it has read and understood all the provisions of this Guaranty, and has been advised by counsel as necessary or appropriate. [Guarantor] By: Name: Title: Any notices required under this Agreement shall be made as follows: Buyer: The Potomac Edison Company All Notices: Street: ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇/▇▇▇▇▇/▇▇▇: ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Manager Regulated Commodity Sourcing Duns: ▇▇▇▇▇▇▇▇▇ Federal Tax ID Number: ▇▇-▇▇▇▇▇▇▇ Email: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Supplier under the FSA is stayed upon the
Stay of Acceleration Ineffective with Respect to Guarantor. In the event that acceleration of the time for payment of any amount payable by the Company under the Host Community Agreement and the Side Agreement is stayed upon the insolvency, bankruptcy, or reorganization of the Company, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the Host Community Agreement and the Side Agreement shall nonetheless be payable by the Guarantor hereunder forthwith on demand by the Counterparty.
Stay of Acceleration Ineffective with Respect to Guarantor. In the event that acceleration of the time for payment of any amount payable by the Counterparty under the Agreement is stayed upon the insolvency, bankruptcy or reorganization of the Counterparty, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the Agreement shall nonetheless be payable by the Guarantor hereunder forthwith on demand by JPMS.
Stay of Acceleration Ineffective with Respect to Guarantor. If acceleration of the time for payment of any amount payable by Supplier under the Transaction Agreement is stayed upon the insolvency, bankruptcy or reorganization of Supplier, all such amounts otherwise subject to acceleration or required to be paid upon an early termination pursuant to the terms of the Transaction Agreement shall nonetheless be payable by the Guarantor hereunder on written demand by Creditor. The Guarantor acknowledges that it has read and understood all the provisions of this Guaranty, and has been advised by counsel as necessary or appropriate.