Common use of Guaranteed Obligations Not Reduced by Offset Clause in Contracts

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Lender hereunder, shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any other party, against Lender or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise. Without limiting the foregoing or the Guarantor’s liability hereunder, to the extent that Lender advances funds or extends credit to Borrower, and does not receive payments or benefits thereon in the amounts and at the times required or provided by applicable agreements or laws, Guarantor is absolutely liable to make such payments of the Guaranteed Obligations to (and confer such benefits on) Lender, on a timely basis.

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Lender hereunder, the Guaranteed Credit Parties hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrowerany Obligor (including any offset for present or future Taxes as set forth in Section 1.10 hereof), or any other party, against Lender any Guaranteed Credit Party or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise. Without limiting the foregoing or the Guarantor’s liability hereunder, to the extent that Lender any Guaranteed Credit Party advances funds or extends credit to Borrowerany Obligor, and does not receive payments or benefits thereon in the amounts and at the times required or provided by the Financing Agreements or under applicable agreements or lawslaw, Guarantor is absolutely liable to make such payments of the Guaranteed Obligations to (and confer such benefits on) Lendersuch Guaranteed Credit Party, on a timely basis.

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Lender hereunder, Secured Parties hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of any Borrower, or any other partyPerson, against Lender any Secured Party or against payment or performance of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwiseotherwise and Guarantor hereby waives and relinquishes, to the fullest extent permitted by applicable Law, any defense, right of offset or other claim which Guarantor may have against any Secured Party. Without limiting the foregoing or the Guarantor’s liability hereunder, to the extent that Lender advances Lenders advance funds or extends extend credit to Borrowerany Borrower (and such funds or credit are part of the Guaranteed Obligations), and does do not receive payments or benefits payment thereon in the amounts and at the times required or provided by applicable agreements or lawsLaws, Guarantor is absolutely liable to make such payments of the Guaranteed Obligations to (and confer such benefits on) LenderLenders, on a timely basis.

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor to Lender hereunder, shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower, or any other party, against Lender or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise. Without limiting the foregoing or the Guarantor’s 's liability hereunder, to the extent that Lender advances funds or extends credit to Borrower, and does not receive payments or benefits thereon in the amounts and at the times required or provided by applicable agreements or laws, Guarantor is absolutely liable to make such payments of the Guaranteed Obligations to (and confer such benefits on) Lender, on a timely basis.

Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantor Guarantors to Lender hereunder, the Guaranteed Credit Parties hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrowerany Obligor (including any offset for present or future Taxes as set forth in Section 1.11 hereof), or any other party, against Lender any Guaranteed Credit Party or against payment of the Guaranteed Obligations, whether such offset, claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise. Without limiting the foregoing or the Guarantor’s Guarantors’ liability hereunder, to the extent that Lender any Guaranteed Credit Party advances funds or extends credit to Borrowerany Obligor, and does not receive payments or benefits thereon in the amounts and at the times required or provided by the Financing Agreements or under applicable agreements or lawslaw, Guarantor is Guarantors are absolutely liable to make such payments of the Guaranteed Obligations to (and confer such benefits on) Lendersuch Guaranteed Credit Party, on a timely basis.