Common use of Guaranty Continuing Clause in Contracts

Guaranty Continuing. This Guaranty is a continuing guaranty which relates to any Obligations, including those which arise under successive transactions which shall either cause the Sellers to incur new Obligations, continue the Obligations from time to time, or renew them after they have been satisfied. The Guarantor agrees that nothing shall discharge or satisfy its obligations created hereunder except for the full payment of the Obligations with interest as applicable. Any payment by the Guarantor shall not reduce its maximum obligation hereunder.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Mattel Inc /De/), Receivables Purchase Agreement (Mattel Inc /De/)

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Guaranty Continuing. This Guaranty is a continuing guaranty ------------------- which relates to any Obligations, including those which arise under successive transactions which shall either cause the Sellers Transferor to incur new Obligations, continue the Obligations from time to time, or renew them after they have been satisfied. The Guarantor agrees that nothing shall discharge or satisfy its obligations created hereunder except for the full payment of the Obligations with interest as applicable. Any payment by the Guarantor shall not reduce its maximum obligation hereunder.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Mattel Inc /De/)

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Guaranty Continuing. This Guaranty guaranty is a continuing ------------------- guaranty which relates to any Obligations, including those which arise under successive transactions which shall either cause the Sellers Transferor to incur new Obligations, continue the Obligations from time to time, or renew them after they have been satisfied. The Guarantor agrees that nothing shall discharge or satisfy its obligations created hereunder except for the full payment of the Obligations with interest as applicable. Any payment by the Guarantor shall not reduce its maximum obligation hereunder.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Mattel Inc /De/)

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