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SEC Filings

8-K
AZURE MIDSTREAM PARTNERS, LP filed this Form 8-K on 03/21/2017
Entire Document
 

 

Guarantor and without impairing or releasing the obligations of Guarantor hereunder, with respect to any of the Guarantied Obligations, (A) agree with Buyer to make any change in the terms of the Guarantied Obligations, (B) take or fail to take any action of any kind in respect of any security for the Guarantied Obligations, (C) exercise or refrain from exercising any rights against Buyer, any of its Affiliate Designees or others, or (D) compromise or subordinate the Guarantied Obligations, including any security therefor.  Any other suretyship defenses are hereby waived by Guarantor with respect to any of the Guarantied Obligations.

 

(d)                                 The provisions of this Section 12.16 shall continue to be effective or be reinstated, as the case may be, if (i) at any time and to the extent that any payment of any of the Guarantied Obligations is rescinded or must otherwise be returned by the payee thereof upon the insolvency, bankruptcy, reorganization or similar event of Buyer, any of its Affiliate Designees or Guarantor, all as though such payment had not been made, or (ii) the obligations of Guarantor under this Section 12.16 with respect to any of the Guarantied Obligations are released in consideration of a payment of money or transfer of property by Buyer, any of its Affiliate Designees or any other Person and to the extent that such payment, transfer or grant is rescinded or must otherwise be returned by the recipient thereof upon the insolvency, bankruptcy, reorganization or similar event of Buyer, any of its Affiliate Designees, Guarantor or such other Person, all as though such payment, transfer or grant had not been made.

 

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