Common use of Liability of Guarantor Absolute Clause in Contracts

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 8 contracts

Samples: Letter of Credit Facility Agreement (Education Management Corporation), Loan and Security Agreement (Horizon Pharma, Inc.), Guaranty Agreement (Shurgard Storage Centers Inc)

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Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Guarantied Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 7 contracts

Samples: Credit Agreement (Bell Industries Inc), Second SPT (Valhi Inc /De/), MDCP Guaranty (Hines Horticulture Inc)

Liability of Guarantor Absolute. The Guarantor agrees that its obligations Obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, the Guarantor agrees as follows:

Appears in 6 contracts

Samples: Assignment Agreement (Hospira Inc), Credit Agreement and Guaranty (Hospira Inc), Credit Agreement (Hospira Inc)

Liability of Guarantor Absolute. Guarantor agrees that its ------------------------------- obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Guarantied Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 4 contracts

Samples: Santa Fe Gaming Corp, Santa Fe Gaming Corp, Sahara Gaming Corp

Liability of Guarantor Absolute. (a) Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Guarantied Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:.

Appears in 3 contracts

Samples: Secured Guaranty Agreement, Junior Subordinated Secured Guaranty Agreement (Core-Mark Holding Company, Inc.), Subordinated Secured Guaranty Agreement (Core-Mark Holding Company, Inc.)

Liability of Guarantor Absolute. Guarantor agrees that its his obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed ObligationsIndebtedness. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 2 contracts

Samples: Continuing Guaranty (Air T Inc), Continuing Guaranty (Air T Inc)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder under this Section 13 are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which that constitutes a legal or equitable discharge of a guarantor or surety other than payment in full in cash of the Guaranteed Secured Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor Gxxxxxxxx agrees as follows:

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunlight Financial Holdings Inc.), Loan and Security Agreement (Sunlight Financial Holdings Inc.)

Liability of Guarantor Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:

Appears in 2 contracts

Samples: Security Agreement (Blue Dolphin Energy Co), Confer Personal Jurisdiction Over (Assurant Inc)

Liability of Guarantor Absolute. The Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than than, subject to Section 2.04, payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, the Guarantor agrees as follows:

Appears in 2 contracts

Samples: Credit Agreement (Sims Metal Management LTD), Credit Agreement (Metal Management Inc)

Liability of Guarantor Absolute. Guarantor agrees that its ------------------------------- obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 2 contracts

Samples: Guaranty (Polyphase Corp), Guaranty (Polyphase Corp)

Liability of Guarantor Absolute. Each Guarantor hereby agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor hereby agrees as follows:

Appears in 1 contract

Samples: Senior Secured Loan Agreement (Greenidge Generation Holdings Inc.)

Liability of Guarantor Absolute. The Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and and, to the extent permitted by applicable law, shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment Payment in full Full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, the Guarantor agrees as follows:

Appears in 1 contract

Samples: Credit Agreement (Ambac Financial Group Inc)

Liability of Guarantor Absolute. To the fullest extent permitted by applicable law, each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than indefeasible payment in full or performance of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, such Guarantor agrees as follows:

Appears in 1 contract

Samples: Lordstown Motors Corp.

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which that constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed ObligationsObligations (or the securing of comparable employment as provided in Section 2.1). In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:that this Guaranty is a guaranty of payment when due and not of collectability.

Appears in 1 contract

Samples: Employment Agreement (Hollywood Casino Shreveport)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Guarantied Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:

Appears in 1 contract

Samples: Unconditional Guaranty of Payment (Electro Scientific Industries Inc)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed ObligationsGuarantied Obligations or of the obligations hereunder. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

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Liability of Guarantor Absolute. (a) Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:Relevant Administrative Claims.

Appears in 1 contract

Samples: Administrative Claims Guaranty Agreement (Core-Mark Holding Company, Inc.)

Liability of Guarantor Absolute. (a) Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which that constitutes a legal or equitable discharge of a guarantor or surety (other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing ), and Guarantor's obligations hereunder are irrevocable, absolute, independent and unconditional without limiting the generality thereof, Guarantor agrees as followsregard to:

Appears in 1 contract

Samples: Guaranty (Las Vegas Sands Inc)

Liability of Guarantor Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed ObligationsObligations or that such Guaranteed Obligations have arisen after the Guaranty Fall-Away Date. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:

Appears in 1 contract

Samples: Confer Personal Jurisdiction Over (Assurant Inc)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are are, to the fullest extent permitted by law, irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than indefeasible payment in full in immediately available funds of the Guaranteed ObligationsObligations or the release of Guarantor under the Transaction Documents. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 1 contract

Samples: Loan Agreement (Broadridge Financial Solutions, Inc.)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full in cash of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Education Management Corporation)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full occurrence of the Guaranteed ObligationsTermination Date. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 1 contract

Samples: Parent Guaranty (Tellurian Inc. /De/)

Liability of Guarantor Absolute. Guarantor agrees that its his obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than (i) payment in full of the Guaranteed Obligations, (ii) his discharge and release herefrom or (iii) the termination of this Guaranty. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 1 contract

Samples: Guaranty (Infinity Energy Resources, Inc)

Liability of Guarantor Absolute. Each Guarantor agrees that its -------------------------------- obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Guarantied Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:

Appears in 1 contract

Samples: Pledge and Security Agreement (Anthony Crane Rental Lp)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which that constitutes a legal or equitable discharge of a guarantor or surety other than indefeasible payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 1 contract

Samples: Lease Agreement (Simclar Inc)

Liability of Guarantor Absolute. Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which that constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Guarantied Obligations. In furtherance of the foregoing and without limiting the generality thereof, Guarantor agrees as follows:

Appears in 1 contract

Samples: Credit Agreement (Beasley Broadcast Group Inc)

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