Common use of Liability unconditional Clause in Contracts

Liability unconditional. The liability of the Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 the Incapacity or any change in the name, style or constitution of the Borrowers or any of them or any other person liable; 2.7.2 the Security Agent or any of the Secured Creditors granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers or any of them or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers or any of them or any other person liable; or 2.7.3 any act or omission which would have discharged or affected the liability of the Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the Guarantor.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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Liability unconditional. The liability of the each Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 (a) the Incapacity or any change in the name, style or constitution of the Borrowers any Obligor or any of them UPC or any other person liable;; or 2.7.2 the Security Agent or (b) any of the Secured Creditors Parties granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers of any other Obligor or any of them UPC or any other person liable or renewing, determining, varying or increasing any accommodation, facility Facilities or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers any Obligor or any of them UPC or any other person liable; or 2.7.3 (c) any act or omission which would not have discharged or affected the liability of the such Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the such Guarantor.

Appears in 1 contract

Samples: Loan and Note Issuance Agreement (United Pan Europe Communications Nv)

Liability unconditional. The liability of the Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 the Incapacity or any change in the name, style or constitution of the Borrowers or any either of them or any other person liable; 2.7.2 the Security Agent or any of the Secured Creditors granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers or any of them or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers or any either of them or any other person liable; or 2.7.3 any act or omission which would have discharged or affected the liability of the Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the Guarantor.

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

Liability unconditional. The liability of the Guarantor shall not be affected nor shall this Guarantee be discharged or Or reduced by reason of: 2.7.1 the Incapacity or any change in the name, style or constitution of the Borrowers or any of them or any other person liable; 2.7.2 any of the Security Agent Mortgagees or any of the Secured Creditors them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers or any of them or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers or any of them or any other person liable; or 2.7.3 any act or omission which would not have discharged or affected the liability of the Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the Guarantor.

Appears in 1 contract

Samples: Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Liability unconditional. The liability of the Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 : the Incapacity or any change in the name, style or constitution of the Borrowers (or any of them them) or any other person liable; 2.7.2 ; the Security Agent Trustee or any of the Secured other Creditors granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers (or any of them them) or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers (or any of them them) or any other person liable; or 2.7.3 or any act or omission which would not have discharged or affected the liability of the any Guarantor had it been a principal debtor instead of a guarantor Guarantor or by anything done or omitted which but for this provision might operate to exonerate the Guarantor.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Liability unconditional. The liability of the Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 (a) the Incapacity or any change in the name, style or constitution of the Borrowers (or any of them them) or any other person liable; 2.7.2 (b) the Security Agent or any of the Secured Creditors Lender granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers (or any of them them) or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers (or any of them them) or any other person liable; or 2.7.3 (c) any act or omission which would not have discharged or affected the liability of the Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the Guarantor.

Appears in 1 contract

Samples: Corporate Guarantee (Toro Corp.)

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Liability unconditional. The liability of the each Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 (a) the Incapacity or any change in the name, style or constitution of the Borrowers or any of them Obligor or any other person liable; 2.7.2 ; or (b) the Agent, the Security Agent Trustee, either of the Arrangers or any of the Secured Creditors Banks granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers or of any of them other Obligor or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers or any of them Obligor or any other person liable; or 2.7.3 or (c) any act or omission which would not have discharged or affected the liability of the such Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the such Guarantor.

Appears in 1 contract

Samples: Loan Agreement (United International Holdings Inc)

Liability unconditional. The liability of the Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 the Incapacity or any change in the name, style or constitution of the Borrowers or any of them or any other person liable; 2.7.2 any of the Security Agent Mortgagees or any of the Secured Creditors them granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers or any of them or any other person liable or renewing, determining, varying or increasing any accommodation, facility or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers or any of them or any other person liable; or 2.7.3 any act or omission which would not have discharged or affected the liability of the Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the Guarantor.

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

Liability unconditional. The liability of the each Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 2.7.1 (a) the Incapacity or any change in the name, style or constitution of the Borrowers or any of them Obligor or any other person liable;; or 2.7.2 the Security Agent or (b) any of the Secured Creditors Parties granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of, the Borrowers or of any of them other Obligor or any other person liable or renewing, determining, varying or increasing any accommodation, facility Facilities or transaction or otherwise dealing with the same in any manner whatsoever or concurring in, accepting or varying any compromise, arrangement or settlement or omitting to claim or enforce payment from the Borrowers or any of them Obligor or any other person liable; or 2.7.3 (c) any act or omission which would not have discharged or affected the liability of the such Guarantor had it been a principal debtor instead of a guarantor or by anything done or omitted which but for this provision might operate to exonerate the such Guarantor.

Appears in 1 contract

Samples: Loan Agreement (United International Holdings Inc)

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