Common use of Liability unconditional Clause in Contracts

Liability unconditional. The liability of each Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 10.8.1 the Incapacity or any change in the name, style or constitution of any Obligor or any other person liable; or 10.8.2 any of the Finance Parties granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of any other Obligor or any other person liable or renewing, determining, varying or increasing any accommodation, 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 any Obligor or any other person liable; or 10.8.3 any act or omission which would not have discharged or affected the liability of 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 such Guarantor.

Appears in 2 contracts

Samples: Loan Agreement (Global Telesystems Europe B V), Loan Agreement (Global Telesystems Inc)

AutoNDA by SimpleDocs

Liability unconditional. The liability of each Guarantor shall not be affected nor shall this Guarantee guarantee be discharged or reduced by reason of: 10.8.1 19.7.1 the Incapacity or any change in the name, style or constitution of any Obligor or any other person liable; or 10.8.2 19.7.2 any of the Finance Parties Party granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of any other Obligor or any other person liable or renewing, determining, varying or increasing any accommodation, Facilities 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 any other Obligor or any other person liable; or 10.8.3 19.7.3 any act or omission which would not have discharged or affected the liability of such 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 such Guarantor.

Appears in 2 contracts

Samples: Facility Agreement (British Sky Broadcasting Group PLC), Facility Agreement (British Sky Broadcasting Group PLC)

Liability unconditional. The liability of each Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 10.8.1 2.7.1 the Incapacity or any change in the name, style or constitution of any Obligor Borrower or any other person liable; or; 10.8.2 2.7.2 the Security Agent or any of the Finance Parties granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of of, any other Obligor Borrower or any other person liable or renewing, determining, varying or increasing any accommodation, Facilities 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 any Obligor Borrower or any other person liable; or 10.8.3 2.7.3 any act or omission which would not have discharged or affected the liability of such that 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 such that Guarantor.

Appears in 2 contracts

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

AutoNDA by SimpleDocs

Liability unconditional. The liability of each Guarantor shall not be affected nor shall this Guarantee be discharged or reduced by reason of: 10.8.1 the Incapacity or any change in the name, style or constitution of any Obligor or any other person liable; or 10.8.2 any of the Finance Parties granting any time, indulgence or concession to, or compounding with, discharging, releasing or varying the liability of any other Obligor or any other person liable or renewing, determining, varying or increasing any accommodation, Facilities 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 any Obligor or any other person liable; or 10.8.3 any act or omission which would not have discharged or affected the liability of 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 such Guarantor.

Appears in 1 contract

Samples: Supplemental Agreement (Global Telesystems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!