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, 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.