Common use of Absolute Rights and Obligations Clause in Contracts

Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement to which it is a party by reason of:

Appears in 4 contracts

Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.), Five Year Credit Agreement (Autonation, Inc.)

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Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Collateral Documents to which it is a party by reason of:

Appears in 2 contracts

Samples: Credit Agreement (Power One Inc), Credit Agreement (Cabot Microelectronics Corp)

Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Guarantor's Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each the Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement to which it is a party by reason of:

Appears in 1 contract

Samples: Credit Agreement (Avnet Inc)

Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Guarantor’s Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each the Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement to which it is a party by reason of:

Appears in 1 contract

Samples: Credit Agreement (Ceridian Corp /De/)

Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Guarantor's Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional unconditional, subject to the limitation set forth in Section 1 hereof, irrespective of, and each the Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement to which it is a party by reason of:

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corp)

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Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors' Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Security Instruments to which it is a party by reason of:

Appears in 1 contract

Samples: Credit Agreement (Pepsiamericas Inc)

Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors' Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and any other Loan Documents to which it is a party by reason of:

Appears in 1 contract

Samples: Credit Agreement (Gtech Holdings Corp)

Absolute Rights and Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all Loan Documents to which it is a party by reason of:

Appears in 1 contract

Samples: Credit Agreement (Snyder's-Lance, Inc.)

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