Absolute and Continuing Guaranty Sample Clauses
An Absolute and Continuing Guaranty is a contractual provision in which a guarantor unconditionally promises to be responsible for another party's obligations, such as loan repayments, regardless of any changes in the underlying agreement or the debtor's circumstances. This clause typically applies to ongoing or multiple transactions, meaning the guarantor's liability persists until all obligations are fully satisfied or the guaranty is explicitly revoked. Its core function is to provide the creditor with ongoing assurance of payment or performance, thereby reducing the risk of default and enhancing the enforceability of the underlying agreement.
Absolute and Continuing Guaranty. The obligations of Guarantor under this Guaranty shall be absolute, continuing, unconditional and irrevocable and this Guaranty shall remain in full force and effect until such time as all of the Obligations are finally paid, performed and observed in full. The obligations of Guarantor set forth herein constitute the full recourse obligations of Guarantor enforceable against it to the full extent of all its assets and properties, notwithstanding any provision in the Lease or any other Operative Documents limiting the liability of any Beneficiary or any other Person.
Absolute and Continuing Guaranty. This Guaranty is an absolute and continuing guaranty and shall (a) remain in full force and effect until full payment of the Obligations or all amounts payable under this Guaranty, (b) be binding upon the Guarantor and its successors and assigns, and (c) inure to the benefit of the Agent and its successors and assigns.
Absolute and Continuing Guaranty. The Guaranty shall be an irrevocable, absolute and continuing guaranty. The obligations of the Guarantors hereunder are direct, primary and independent of the obligations of BHG and a separate claim or demand under the Agreements may be asserted against and sought to be collected from Guarantors, whether claim or demand is asserted against BHG or whether BHG is joined in any such claim(s) or demand(s).
Absolute and Continuing Guaranty. Agreements duly executed by each Guarantor, in a form acceptable to the Issuer, guaranteeing PhyCor's obligations pursuant to the terms of this Agreement.