Common use of The Parent Guaranty Clause in Contracts

The Parent Guaranty. The Guarantor hereby absolutely, unconditionally and irrevocably guarantees as primary obligor the full and punctual payment when due (whether at stated maturity, upon acceleration or otherwise) of any amount payable by the Issuer under this Agreement and the other Financing Documents for all purposes.

Appears in 2 contracts

Samples: Note Purchase Facility Agreement (Tele Norte Leste Participacoes Sa), Note Purchase Facility Agreement (Tele Norte Leste Participacoes Sa)

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The Parent Guaranty. The Parent Guarantor hereby absolutely, unconditionally and irrevocably guarantees as primary obligor the full and punctual payment when due (whether at stated maturity, upon acceleration or otherwise) of any amount payable the principal of and interest on the Term Note issued by the Issuer under Borrower pursuant to this Agreement Agreement, and the full and punctual payment of all other Financing Documents for all purposesSecured Obligations. Upon failure by the Borrower to pay punctually any such amount, the Parent Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner specified in this Agreement.

Appears in 1 contract

Samples: Bridge Loan Agreement (American Mobile Satellite Corp)

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The Parent Guaranty. The Parent Guarantor hereby absolutely, unconditionally and irrevocably guarantees as primary obligor the full and punctual payment when due (whether at stated maturity, upon acceleration or otherwise) of any amount the principal of and interest on each Note issued by the Borrower pursuant to this Agreement, and the full and punctual payment of all other amounts payable by the Issuer Borrower under this Agreement Agreement. Upon failure by the Borrower to pay punctually any such amount, the Parent Guarantor shall forthwith on demand pay the amount not so paid at the place and in the other Financing Documents for all purposesmanner specified in this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Mobile Satellite Corp)

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