Immediate Liability. Each Guarantor agrees that the liability of the Guarantors in respect of this Facility Guarantee shall be immediate and shall not be contingent upon the exercise or enforcement by any holder of Notes or any other Person of whatever remedies such holder of Notes or other Person may have against the Company or any other Guarantor or the enforcement of any Lien or realization upon any security such holder of Notes or other Person may at any time possess.
Appears in 2 contracts
Samples: Note Purchase Agreement (American Biltrite Inc), Note Purchase and Private Shelf Agreement (American Biltrite Inc)
Immediate Liability. Each Guarantor agrees The Guarantors agree that the liability of the Guarantors in respect of this Facility Guarantee shall be immediate and shall not be contingent upon the exercise or enforcement by any holder of Notes or any other Person of whatever remedies such holder of Notes or other Person may have against the Company or any other Guarantor or the enforcement of any Lien or realization upon any security such holder of Notes or other Person may at any time possess.
Appears in 2 contracts
Samples: Note Agreement (Albany International Corp /De/), Note Agreement and Guaranty (Albany International Corp /De/)
