Common use of Guarantee of Guaranteed Obligations Clause in Contracts

Guarantee of Guaranteed Obligations. Each Guarantor unconditionally guarantees, jointly and severally (“solidariamente”) with the other Guarantors, the due and punctual payment and performance of the Secured Obligations (subject to the proviso in this sentence, the “Guaranteed Obligations”); provided that the Guaranteed Obligations of such Guarantor shall exclude any Excluded Swap Obligations. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Guarantor of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 2 contracts

Samples: Guarantee Agreement (EVERTEC, Inc.), Guarantee Agreement (EVERTEC, Inc.)

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Guarantee of Guaranteed Obligations. Each Guarantor unconditionally guaranteesguarantees to the Collateral Agent, jointly and severally (“solidariamente”) with the other GuarantorsGuarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Secured Obligations (subject to as defined in the proviso in this sentence, Credit Agreement) (the “Guaranteed Obligations”); provided that ) for the Guaranteed Obligations ratable benefit of such Guarantor shall exclude any Excluded Swap Obligationsthe Secured Parties. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the any Borrower or any other Guarantor Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 1 contract

Samples: First Lien Credit Agreement (CAESARS ENTERTAINMENT Corp)

Guarantee of Guaranteed Obligations. Each To the extent permitted by applicable Law, each Guarantor unconditionally guarantees, jointly and severally (solidariamente) with the other Guarantors, the due and punctual payment and performance of the Secured Obligations (subject to the proviso provisions in this sentence, the “Guaranteed Obligations”); provided that the Guaranteed Obligations of such Guarantor shall exclude any Excluded Swap Obligations. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Guarantor of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpaymentnon-payment.

Appears in 1 contract

Samples: Guarantee Agreement (EVERTEC, Inc.)

Guarantee of Guaranteed Obligations. Each Guarantor unconditionally guarantees, jointly and severally (“solidariamente”) with the other GuarantorsGuarantors and the Borrower, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Secured Obligations (subject to the proviso in this sentence, the “Guaranteed Obligations”); provided that the Guaranteed Obligations of such Guarantor shall exclude any Excluded Swap Obligations. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Guarantor of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 1 contract

Samples: Guarantee Agreement (TII Smart Solutions, Sociedad Anonima)

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Guarantee of Guaranteed Obligations. Each Guarantor unconditionally guaranteesguarantees to the Collateral Agent, jointly and severally (“solidariamente”) with the other GuarantorsGuarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Secured Obligations (subject to as defined in the proviso in this sentence, Credit Agreement) (the “Guaranteed Obligations”); provided that ) for the Guaranteed Obligations ratable benefit of such Guarantor shall exclude any Excluded Swap Obligationsthe Secured Parties. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. Each Guarantor waives (to the extent permitted by applicable law) presentment to, demand of payment from and protest to the Borrower or any other Guarantor Loan Party of any of the Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.

Appears in 1 contract

Samples: Credit Agreement (Vici Properties Inc.)

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