Common use of Guarantor Guarantee Clause in Contracts

Guarantor Guarantee. The Guarantor hereby unconditionally and irrevocably guarantees to the Lender and Eximbank the full, prompt and complete payment when due (whether at stated maturity, by acceleration or otherwise) of the principal of and interest on the Credit, together with any and all other amounts payable by the Borrower to the Lender or Eximbank under this Agreement or the Note(s). If the Borrower shall fail to pay when due any or all sums hereby guaranteed (whether at stated maturity, by acceleration or otherwise), the Guarantor shall forthwith pay, without any demand or notice, the full amount due and payable by the Borrower in U.S. Dollars at the place and in the manner required by this Agreement or the Note(s). This is a guarantee of payment and not merely of collection, and shall remain in full force and effect until all the obligations of the Borrower hereby guaranteed are paid in full. To the extent permitted by applicable law, the Guarantor waives all defenses of a surety or guarantor to which it may be entitled by statute or otherwise.

Guarantor Guarantee. The Guarantor hereby unconditionally and irrevocably guarantees to the Lender and Eximbank Ex-Im Bank the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the principal of and interest on the Credit, together with any and all other amounts payable by the Borrower to the Lender or Eximbank Ex-Im Bank under this Agreement or and all other obligations of the Note(s)Borrower under the Finance Documents. If the Borrower shall fail to pay or perform when due any or all sums and obligations hereby guaranteed (whether at stated maturity, by acceleration or otherwise), the Guarantor shall forthwith (a) pay, without any demand or notice, the full amount due and payable by the Borrower in U.S. Dollars at the place and in the manner required by this Agreement or and (b) perform all such other obligations of the Note(s)Borrower under the Finance Documents. This is a guarantee of payment and performance and not merely of collection, and shall remain in full force and effect until all the obligations of the Borrower hereby guaranteed are irrevocably paid in full. To the extent permitted by applicable lawApplicable Law, the Guarantor waives all defenses of a surety or guarantor to which it may be entitled by statute or otherwise.