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: CDBG Dr 2020 Piggyback Prime Program Guaranty Agreement, CDBG NDR 2018 Piggyback Program Guaranty Agreement, CDBG 2018 Piggyback Program 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: Rental Restoration and Development Program Guaranty, Performance and Completion Guaranty, Neighborhood Landlord Rental Program 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, Multifamily Restoration Loan Funding

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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: CDBG Piggyback Program Operating Deficit Guaranty

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