Common use of Absolute Liability Clause in Contracts

Absolute Liability. The liability of each Guarantor hereunder is absolute and is not subject to the execution of the Transaction Documents (other than this Agreement) or of any other document by any person or to the performance of any condition precedent or subsequent, including, without limiting the generality of the foregoing, as between any Obligor and the Agent, the Banks or any of them or amongst any 2 or more Obligors but is subject to non-payment or the non-performance of an Obligation or Intended Obligation by the principal Obligor.

Absolute Liability. The liability of each Guarantor hereunder is absolute and is not subject to the execution of the Transaction Documents (other than this Agreement) or of any other document by any person or to the performance of any condition precedent or subsequent, including, without limiting the generality of the foregoing, as between any Obligor and the Agent, the Banks or any of them or amongst any 2 or more Obligors but is subject to non-payment or the non-performance of an Obligation or Intended Obligation by the principal Obligor.performance

Absolute Liability. The liability of each Guarantor hereunder is absolute and is not subject to the execution of the Transaction Documents (other than this Agreement) or of any other document by any person or to the performance of any condition precedent or subsequent, including, without limiting the generality of the foregoing, as between any Obligor Relevant Person and the Facility Agent, the Banks or any of them or amongst any 2 or more Obligors Relevant Persons but is subject to non-payment or the non-performance of an Obligation or Intended Obligation by the principal Obligorobligor.