Common use of Liability of Guarantors Absolute Clause in Contracts

Liability of Guarantors 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 16 contracts

Samples: Revolving Credit and Guaranty Agreement (DoorDash, Inc.), Refinancing Amendment (Hologic Inc), Loan and Security Agreement

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Liability of Guarantors 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 6 contracts

Samples: Credit Agreement (Express Scripts Holding Co.), Credit Agreement (Express Scripts Holding Co.), Credit Agreement (FWT Inc)

Liability of Guarantors 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: (a) This Guaranty is a guaranty of payment when due and not of collectibility.

Appears in 5 contracts

Samples: Credit Agreement (Horseshoe Gaming Holding Corp), Credit Agreement (DMW Worldwide Inc), Credit Agreement (Bell Industries Inc)

Liability of Guarantors 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 and performance 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: Loan and Guarantee Agreement (Alaska Air Group, Inc.), Loan Agreement (Alaska Air Group, Inc.)

Liability of Guarantors Absolute. 4.1 Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall will not be affected by any circumstance which constitutes a legal or equitable discharge or defense of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without Without limiting the generality thereofof the foregoing, the liability of each Guarantor agrees as followsunder this Guarantee will not be released, reduced or affected:

Appears in 2 contracts

Samples: Subscription Agreement (LeddarTech Holdings Inc.), Subscription Agreement (Prospector Capital Corp.)

Liability of Guarantors 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 indefeasible 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: Credit Agreement (Dominicks Supermarkets Inc)

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Liability of Guarantors 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: 1. This Guaranty is a guaranty of payment when due and not of collectibility.

Appears in 1 contract

Samples: Credit Agreement (Boyds Collection LTD)

Liability of Guarantors Absolute. Each Guarantor agrees that that, subject to Section 2.2(a), its obligations hereunder are are, to the fullest extent permitted under applicable 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 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: Credit Agreement (Merrill Corp)

Liability of Guarantors 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 the release of such Guarantor permitted by the Credit Documents. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows:follows:................................................113 7.5.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (BPC Holding Corp)

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