Common use of Nature of Guarantor’s Obligations Clause in Contracts

Nature of Guarantor’s Obligations. The Guarantor's obligations under the Guarantor Loan Documents (a) are absolute and unconditional, (b) are unlimited in amount, (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 1 contract

Samples: Credit Agreement (Lin Television Corp)

AutoNDA by SimpleDocs

Nature of Guarantor’s Obligations. The Guarantor's ’s obligations under the Guarantor Loan Documents hereunder (a) are absolute and unconditional, (b) are unlimited in amount, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (dc) are as primary obligor and not as a surety only, (ed) 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. for any of the Guaranteed Obligations and (fe) shall be irrevocable.

Appears in 1 contract

Samples: Guaranty Agreement (Synbiotics Corp)

Nature of Guarantor’s Obligations. The Guarantor's Guarantors' --------------------------------- obligations under the Guarantor Loan Documents (a) are absolute and unconditional, (b) are unlimited in amount, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (dc) are as primary obligor and not as a surety only, (ed) 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. for any of the Guaranteed Obligations and (fe) shall be irrevocable.

Appears in 1 contract

Samples: Memorandum of Security Agreement (Premiere Technologies Inc)

Nature of Guarantor’s Obligations. The Guarantor's obligations under the Guarantor Loan Documents (a) are absolute and unconditional, (b) are unlimited in amount, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (dc) are as primary obligor and not as a surety only, (ed) 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. for any of the Guaranteed Obligations and (fe) shall be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (Eastern Utilities Associates)

AutoNDA by SimpleDocs

Nature of Guarantor’s Obligations. The Guarantor's obligations under the Guarantor Loan Documents (a) are absolute and unconditional, (b) are unlimited in amount, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (dc) are as primary obligor and not as a surety only, (ed) 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 (fe) shall be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Nature of Guarantor’s Obligations. The Guarantor's Guarantors' obligations under the Guarantor Loan Documents (a) are absolute and unconditional, (b) are unlimited in amount, (c) constitute a guaranty of payment and performance and not a guaranty of collection, (dc) are as primary obligor and not as a surety only, (ed) 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. for any of the Guaranteed Obligations and (fe) shall be irrevocable.

Appears in 1 contract

Samples: Memorandum of Security Agreement (Premiere Technologies Inc)

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