Nature of Guarantor’s Obligations. Each Guarantor's obligations under this Article 10 (a) are absolute and unconditional, (b) are unlimited in amount except as provided in Section 10.02, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (d) are as primary obligor and not as a surety only, (e) shall be a continuing guaranty of all present and future Guaranteed Obligations and all promissory notes and other documentation given in extension or renewal or substitution for any of the Guaranteed Obligations and (f) shall be irrevocable.
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Samples: Credit Agreement (Garden State Newspapers Inc), Credit Agreement (Garden State Newspapers Inc), Credit Agreement (Garden State Newspapers Inc)
Nature of Guarantor’s Obligations. Each The Borrower's and each Guarantor's obligations under this Article 10 hereunder (a) are absolute and unconditional, (b) are unlimited in amount except as provided in Section 10.029.02, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (d) are as primary obligor and not as a surety only, (e) shall be a continuing guaranty of all present and future Guaranteed Obligations and all promissory notes and other documentation given in extension or renewal or substitution for any of the Guaranteed Obligations and (f) shall be irrevocable.
Appears in 2 contracts
Samples: Secured Guaranteed Credit Agreement (Zd Inc), Guaranteed Credit Agreement (Zd Inc)
Nature of Guarantor’s Obligations. Each Guarantor's obligations under this Article 10 hereunder (a) are absolute and unconditional, (b) are unlimited in amount except as provided in Section 10.02, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (d) are as primary obligor and not as a surety only, (e) shall be a continuing guaranty of all present and future Guaranteed Obligations and all promissory notes and other documentation given in evidence, extension or renewal of, or substitution for for, any of the Guaranteed Obligations Obligations, and (f) shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (Owens Corning)
Nature of Guarantor’s Obligations. Each The Guarantor's obligations under this Article 10 Agreement (a) are absolute and unconditional, (b) are unlimited in amount except as provided in Section 10.021.02, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (d) are as primary obligor and not as a surety only, (e) shall be a continuing guaranty of all present and future Guaranteed Obligations and all promissory notes and other documentation given in extension or renewal or substitution for or increase of any of the Guaranteed Obligations and (f) shall be irrevocable.
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