Common use of Nature of Guaranteed Obligations Clause in Contracts

Nature of Guaranteed Obligations. This is a guaranty of payment and performance only, and, except for the obligations listed in Section 3.3, not of collection, and the Guaranteed Obligations hereunder shall be absolute, independent and unconditional under any and all circumstances.

Appears in 3 contracts

Samples: Guaranty Agreement, Guaranty Agreement, Guaranty Agreement

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Nature of Guaranteed Obligations. This is a guaranty of payment and performance only, and, except for the obligations listed in Section 3.3, not of collectionperformance, and the Guaranteed Obligations obligations hereunder shall be absolute, independent and unconditional under any and all circumstances.

Appears in 3 contracts

Samples: Guaranty, Performance and Completion Guaranty, Guaranty

Nature of Guaranteed Obligations. This is a guaranty of payment and performance only, and, except for and the obligations listed in Section 3.3, not of collection, and the Guaranteed Obligations hereunder shall be absolute, independent and unconditional under any and all circumstances.

Appears in 2 contracts

Samples: Performance and Completion Guaranty, Performance and Completion Guaranty

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Nature of Guaranteed Obligations. This is a guaranty of payment and performance only, and, except for the obligations listed in Section 3.3, and not of collectioncollection only, and the Guaranteed Obligations obligations hereunder shall be absolute, independent and unconditional under any and all circumstances.

Appears in 1 contract

Samples: Operating Deficit Guaranty

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