MUTUAL GUARANTEE Sample Clauses

MUTUAL GUARANTEE. 1.1. Both Parties promise to provide each other, within the total mutual guarantee amount and mutual guarantee term stated in this Agreement, with a guarantee for financing from financial institutions.
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MUTUAL GUARANTEE. It is mutually agreed that both the Association's and the Union's participation in this Agreement is based on the guarantee that each will use its best efforts to enforce the terms and conditions hereof upon the parties to this Agreement on all construction work performed by the Employer within the territory covered by this Agreement. ARTICLE 39 ADOPTION OF ADDENDUMS The signatory parties adopt as a part of this Agreement any attached addendums or supplements negotiated between the Oregon and Southern Idaho District Council of Laborers and the Oregon-Columbia Chapter, Associated General Contractors of America.
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MUTUAL GUARANTEE. Pursuant to the Framework Agreement, Tianrui Group, an associate of Chairman Xx, has agreed, during the Term, to provide guarantees, directly by itself or through its subsidiaries, with respect to Tianrui Cement or its subsidiaries, for bank loans to be borrowed and/or debentures or corporate bonds to be issued by any of them (“Tianrui Group Guarantee”). According to the same agreement, Tianrui Cement has agreed, during the Term, to provide guarantees, directly by itself or through its subsidiaries, with respect to Tianrui Group or its subsidiaries (excluding any of its subsidiaries engaged in aluminum-related business) for bank loans to be borrowed and/or debentures or corporate bonds to be issued by any of them (“Tianrui Cement Guarantee”). In the event that the relevant loan, debenture or corporate bond is to be borrowed or issued by any of Tianrui Group’s subsidiaries, Tianrui Group shall provide the primary guarantee to the lenders in respect to the loan, debenture or corporate bond while Tianrui Cement Guarantee shall only be provided as additional credit support. In addition, with respect to such Tianrui Cement Guarantee, Tianrui Group shall enter into an agreement with Tianrui Cement to indemnify Tianrui Cement for any amount that Tianrui Cement would have paid in accordance with the terms and conditions of the Tianrui Cement Guarantee, including the principal amount of the relevant loan, debenture or corporate bond, any interest, fees, damages and enforcement expenses for breach of the loan, debenture or corporate bond. The provision of the guarantee by each party under the Framework Agreement will be subject to the guarantor having fully understood the borrower’s business obligations and financial position, and further in the case of Tianrui Cement Guarantee, the review and approval of a special committee established for monitoring the risk control and management in relation to the Framework Agreement. See the section headed “Risk Management Measures under the Framework Agreement”. No commission shall be paid by Tianrui Cement and Tainrui Group to each other in connection with any of the Guarantees, which the Directors consider is fair and reasonable to the Company and its shareholders on basis set out as follows:
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MUTUAL GUARANTEE. (a) AT&T Wireless absolutely, unconditionally and irrevocably guarantees, as principal and not as surety, to Buyer and its successors and permitted assigns the full and prompt payment and performance by Seller of all of Seller's obligations under, pursuant to or in connection with this Agreement and all Ancillary Documents, including without limitation, the performance by Sellers of all Seller's covenants contained in this Agreement and all of Seller's indemnification obligations pursuant to Article 9 (all such guaranteed obligations, the "SELLER GUARANTEED OBLIGATIONS"). Such guarantee shall apply and survive until all Seller Guaranteed Obligations are performed and satisfied in accordance with the terms of this Agreement and all Ancillary Documents. AT&T Wireless hereby waives any provision of any statute or judicial decision otherwise applicable hereto which restricts or in any way limits the rights of any obligee against a guarantor or surety following a default or failure of performance by an obligor with respect to whose obligations the guarantee is provided. To the fullest extent permitted by applicable Law, AT&T Wireless hereby waives presentment to, demand of payment from and protest of any Seller Guaranteed Obligation, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. To the fullest extent permitted by applicable Law, the obligations of AT&T Wireless hereunder shall not be affected by (i) the failure of the applicable obligee to assert any claim or demand or to enforce any right or remedy against AT&T Wireless or Seller pursuant to the provisions of this Agreement or otherwise and (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of this Section 11.1, unless consented to in writing by Buyer.
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MUTUAL GUARANTEE 
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Related to MUTUAL GUARANTEE

  • Parent Guarantee (a) The Parent Guarantor will hereby irrevocably and unconditionally guarantee on a senior basis, as a primary obligor and not merely as a surety, to each Holder, the Trustee, the Collateral Agent and their successors and assigns the Guaranteed Obligations. The Parent Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from the Parent Guarantor, and that no extension or renewal of any Guaranteed Obligation shall release the obligations of the Parent Guarantor hereunder. The obligations of the Parent Guarantor hereunder shall be joint and several with the Subsidiary Guarantees of the Subsidiary Guarantors. The Parent Guarantor waives presentation to, demand of payment from and protest to the Issuer of any of the Guaranteed Obligations and also waives notice of protest for nonpayment. The Parent Guarantor waives notice of any default under the Securities or the Guaranteed Obligations. The obligations of the Parent Guarantor hereunder shall not be affected by (i) the failure of any Holder, the Trustee or the Collateral Agent to assert any claim or demand or to enforce any right or remedy against the Issuer or any other Person under this Indenture, the Securities or any other agreement or otherwise; (ii) any extension or renewal of this Indenture, the Securities or any other agreement; (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement; (iv) the release of any security held by the Collateral Agent on behalf of each Holder and the Trustee for the Guaranteed Obligations or any Subsidiary Guarantor; or (v) the failure of any Holder, the Trustee or the Collateral Agent to exercise any right or remedy against any other guarantor of the Guaranteed Obligations. The Parent Guarantor hereby waives any right to which it may be entitled to have its obligations hereunder divided among itself and the Subsidiary Guarantors, such that the Parent Guarantor’s obligations would be less than the full amount claimed. The Parent Guarantor hereby waives any right to which it may be entitled to have the assets of the Issuer first be used and depleted as payment of the Issuer’s or the Parent Guarantor’s obligations hereunder prior to any amounts being claimed from or paid by the Parent Guarantor hereunder. The Parent Guarantor hereby waives any right to which it may be entitled to require that the Issuer be sued prior to an action being initiated against the Parent Guarantor. The Parent Guarantor further agrees that its Parent Guarantee constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder, the Trustee or the Collateral Agent to any security held for payment of the Guaranteed Obligations.

  • Guarantee The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when due, regardless of any defense, right of set-off or counterclaim that the Issuer may have or assert. The Guarantor's obligation to make a Guarantee Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders or by causing the Issuer to pay such amounts to the Holders.

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