Guarantee of Bond Sample Clauses

Guarantee of Bond. The Guarantor hereby absolutely and unconditionally guarantees to the Bondholder the full payment of the principal of and interest on the Bond; provided, however, the Guarantor shall not be obligated to make the payments hereunder prior to the time the corresponding Lease Payments (as defined in the Lease) become due and payable or to make payments hereunder in an amount greater than such corresponding Lease Payments. This guarantee is a primary and original obligation of the Guarantor and, subject to the first sentence of this Section 2.1, is an absolute, unconditional, continuing and irrevocable guarantee of payment and is not a guarantee of collectability or performance and is in no way conditioned or contingent upon any attempt to collect from the Issuer or any other party or to realize upon any of the Pledged Revenues (as defined in the Resolution). This Guaranty shall remain in full force and effect without respect to future changes in conditions, including change in law, until the payment in full of the Bond. Unless the Bond shall have become due at stated maturity or by acceleration or mandatory or optional prepayment prior to stated maturity or otherwise, each and every default in payment of the principal of or interest on the Bond shall give rise to a separate cause of action hereunder and separate suits may be brought hereunder as each cause of action arises. The Guarantor hereby waives (a) notice of the acceptance hereof and of any action taken or omitted in reliance hereon, (b) any presentment, demand, notice or protest of any kind, except as required under the Lease and the Resolution, and (c) to the fullest extent permitted by law, any other act or thing or omission or delay to do any other act or thing which might in any manner or to any extent vary the risk of the Guarantor or which might otherwise operate as a discharge of the Guarantor’s obligations hereunder, except payment. If the principal of the Bond shall have been accelerated pursuant to the Resolution, and such acceleration shall have been rescinded and annulled pursuant to the Resolution, then the amount of principal that was the subject of such acceleration shall no longer be considered as due under the provisions of this Section and Section 3.1 of this Guaranty.
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Related to Guarantee of Bond

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  • Governing Law and Jurisdiction 39.1 This Agreement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the laws of England and Wales.

  • Security Notwithstanding anything herein to the contrary, except for Section 27, to the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Successors and Assigns Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

  • Payment Subject to the provisions of the Warrant and this Agreement, a Warrant may be exercised by the Registered Holder thereof by delivering to the Warrant Agent at its corporate trust department (i) the Definitive Warrant Certificate evidencing the Warrants to be exercised, or, in the case of a Warrant represented by a book-entry, the Warrants to be exercised (the “Book-Entry Warrants”) on the records of the Depositary to an account of the Warrant Agent at the Depositary designated for such purposes in writing by the Warrant Agent to the Depositary from time to time, (ii) an election to purchase (“Election to Purchase”) any Ordinary Shares pursuant to the exercise of a Warrant, properly completed and executed by the Registered Holder on the reverse of the Definitive Warrant Certificate or, in the case of a Book-Entry Warrant, properly delivered by the Participant in accordance with the Depositary’s procedures, and (iii) the payment in full of the Warrant Price for each Ordinary Share as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the Ordinary Shares and the issuance of such Ordinary Shares, as follows:

  • No Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Survival The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.

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