Guaranty and Indemnity. The Parent irrevocably and unconditionally:
(i) guarantees to each Lender Creditor punctual performance by each other Credit Party of all that Credit Party’s Credit Document Obligations under the Credit Documents; or
(ii) undertakes with each Lender Creditor that whenever another Credit Party does not pay any amount when due under or in connection with any Credit Document, the Guarantor shall immediately on demand pay that amount as if it was the principal obligor; and
(iii) agrees with each Lender Creditor that if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal, it will, as an independent and primary obligation, indemnify that Lender Creditor immediately on demand against any cost, loss or liability it incurs as a result of a Credit Party not paying any amount which would, but for such unenforceability, invalidity or illegality, have been payable by it under any Credit Document on the date when it would have been due. The amount payable by the Guarantor under this indemnity will not exceed the amount it would have had to pay under this Section 15 if the amount claimed had been recoverable on the basis of a guarantee.
Guaranty and Indemnity. The Parent irrevocably and unconditionally:
Guaranty and Indemnity. USTB hereby irrevocably and unconditionally guarantees to Coventry the full performance of all of the financial obligations of under the provisions of the Advisory Contract hereby assumed by Boston Trust. USTB agrees to indemnify, defend and hold Coventry harmless from and against any and all loss, cost, damage or expense (including reasonable fees of counsel) whatsoever resulting from or arising out of any breach by Boston Trust of any obligation of the Advisory Contract hereby assumed by Boston Trust. USTB hereby waives any requirement that Coventry exhaust any right or remedy or proceed or take any action against Boston Trust or any other person or entity before exercising any right or remedy against USTB under this Agreement. The obligations of USTB hereunder are absolute and unconditional. USTB's guaranty and indemnity shall be a continuing guaranty and indemnity and shall continue in force and effect until all of the obligations hereby assumed by Boston Trust shall have been satisfied in full.
Guaranty and Indemnity. The Guaranty, duly executed by each Mortgagor; and the Indemnity, duly executed by Borrower and the applicable Mortgagor;
Guaranty and Indemnity. 1.1 In order to induce Beneficiary to consent to the Merger and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor hereby irrevocably and unconditionally guarantees to Beneficiary, as a primary obligor and not as merely a surety, the due, full and punctual observance and performance of all of the terms, conditions and covenants on the part of MMC contained in the Agreements and the payment of each and every sum which from time to time MMC is liable to pay under the Agreements (including interest accruing on or after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or similar proceeding, relating to MMC, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) and which is not paid on the due date (whether by acceleration or otherwise), and accordingly Guarantor undertakes to pay any such sum immediately on Beneficiary's request.
1.2 Guarantor hereby irrevocably and unconditionally guarantees to pay interest (both before and after judgment) on all such sums demanded pursuant to Section 1.1 for the period from and including the date of first demand for payment thereof until payment in full, such interest being payable and calculated at the rate and in the manner stipulated in the Agreements in respect of overdue amounts (or if there is no such stipulation in the Agreements, then at the highest prime rate published in the "Money Rates" section of The Wall Street Journal on the date of first demand for payment plus two percent (2%) per annum). (If The Wall Street Journal no longer publishes prime rate information, Beneficiary shall select a different publication and furnish Guarantor with notice of said selection.)
1.3 Guarantor shall indemnify and hold Beneficiary harmless on demand against any loss sustained by Beneficiary as a result of any of MMC's payment obligations under the Agreements being or becoming void, voidable or unenforceable for any reason whatsoever, whether or not known to Beneficiary.
1.4 The obligations of Guarantor hereunder shall be continuing and accordingly shall not be satisfied by any intermediate payment of any sum outstanding under the Agreements but shall remain in full force and effect until all sums which may at any time be outstanding under the Agreements have been paid in full and all other obligations of MMC under the Agreements have been discharged in full.
1.5 Beneficiary shal...
Guaranty and Indemnity. INTRUST Bank hereby irrevocably and unconditionally guarantees to INTRUST Funds the full performance of all of the obligations of INTRUST Financial under the provisions of the Advisory Contract hereby assumed by INTRUST Financial. INTRUST Bank agrees to indemnify, defend and hold harmless the INTRUST Funds from and against any and all loss, cost, damage or expense (including reasonable fees of counsel) whatsoever resulting from or arising out of any breach by INTRUST Financial of any obligation of the Advisory Contract hereby assumed by INTRUST Financial. INTRUST Bank hereby waives any requirement that INTRUST Funds exhaust any right or remedy or proceed or take any action against INTRUST Financial or any other person or entity before exercising any right or remedy against INTRUST Bank under this Agreement. The obligations of INTRUST Bank hereunder are absolute and unconditional. INTRUST Bank's guaranty and indemnity shall be a continuing guaranty and indemnity and shall continue in full force and effect until all of the obligations hereby assumed by INTRUST Financial shall have been satisfied in full.
Guaranty and Indemnity. The Guarantor irrevocably and unconditionally guarantees (the “Guarantee”) the full and prompt payment when due (whether by acceleration or otherwise) of the principal of and interest on the Loans and all Acknowledgments of Debt issued under this Agreement and of all other payment obligations and liabilities (including, without limitation, indemnities, fees and interest thereon and Erroneous Payment Subrogation Rights) of the Borrowers now existing or hereafter incurred under, arising out of or in connection with this Agreement or any other Loan Document and the due performance and compliance with the payment terms of the Loan Documents by the Borrowers, including all interest and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to any Borrower,
(a) with respect to any principal payments due under the Loan Documents, immediately as if the Guarantor were the principal obligor, and (b) with respect to any other payment, within five (5) Business Days of demand therefor. This Guarantee constitutes a guarantee of payment and not of collection.
Guaranty and Indemnity. SLT Rentals, Inc. and SLT shall guarantee to MEDIQ Surgical Equipment Services, Inc., MEDIQ Incorporated and Mediq the satisfaction of all monetary debts and non-monetary obligations assumed by SLT Rentals, Inc. pursuant to provisions contained herein or otherwise and shall further indemnify MEDIQ Surgical Equipment Services, Inc. and Mediq against any loss, damage, cost, expense, claim or liability, including reasonable attorneys' fees, arising from a third party in connection with the satisfaction of such monetary debts and non-monetary obligations.
Guaranty and Indemnity. SCTB hereby irrevocably and unconditionally guarantees to Coventry the full performance of all of the financial obligations of under the provisions of the Advisory Contract hereby assumed by SMC. SCTB agrees to indemnify, defend and hold Coventry harmless form and against any and all loss, cost, damage or expense (including reasonable fees of counsel) whatsoever resulting from or arising out of any breach by SMC of any obligation of the Advisory Contract hereby assumed by SMC. SCTB hereby waives any requirement that Coventry exhaust any right or remedy or proceed or take any action against SMC or any other person or entity before exercising any right or remedy against SCTB under this Agreement. The obligations of SCTB hereunder are absolute and unconditional. SCTB's guaranty and indemnity shall be a continuing guaranty and indemnity and shall continue in force and effect until all of the obligations hereby assumed by SMC shall have been satisfied in full.
Guaranty and Indemnity. The Bank hereby irrevocably and unconditionally guarantees to the Trust the full performance of all of the financial obligations of 1st Advisor under the provisions of the Advisory Agreement hereby assumed by 1st Advisor. The Bank agrees to indemnify, defend and hold harmless the Trust from and against any and all loss, cost, damage or expense (including reasonable fees of counsel) whatsoever resulting from or arising out of any breach by 1st Advisor of any obligation of the Advisory Agreement hereby assumed by 1st Advisor. The Bank hereby waives any requirement that the Trust exhaust any right or remedy or proceed or take any action against 1st Advisor or any other person or entity before exercising any right or remedy against the Bank under this Agreement. The obligations of the Bank hereunder are absolute and unconditional. The Bank's guaranty and indemnity shall be a continuing guaranty and indemnity and shall continue in force and effect until all of the obligations hereby assumed by 1st Advisor shall have been satisfied in full. 2
