Common use of No Discharge or Diminishment of Guarantee Clause in Contracts

No Discharge or Diminishment of Guarantee. The obligations of the Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Obligations), including any claim of waiver, release, surrender, alteration or compromise of any of the Guaranteed Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of the Guarantor hereunder shall not be discharged or impaired or otherwise affected by the failure of the Administrative Agent or any Lender to assert any claim or demand or to enforce any remedy under the Credit Agreement, any other Loan Document or any other agreement, by any waiver or modification of any provision of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations, or by any other act or omission that may or might in any manner or to any extent vary the risk of the Guarantor or that would otherwise operate as a discharge of the Guarantor as a matter of law or equity (other than the indefeasible payment in cash of the Obligations).

No Discharge or Diminishment of Guarantee. The guarantee obligations of the Guarantor El Paso hereunder are continuing and irrevocable and shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Trust Obligations), including any claim of waiver, release, surrender, alteration or compromise of any of the Guaranteed Trust Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed Trust Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of the Guarantor El Paso hereunder shall not be discharged or impaired or otherwise affected by the failure of the Administrative Agent or any Lender other Guaranteed Party to assert any claim or demand or to enforce any remedy under the Credit this Agreement, any other Loan Document or any other agreement, by any waiver or modification of any provision of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Trust Obligations, or by any other act or omission that may or might in any manner or to any extent vary the risk of the Guarantor El Paso or that would otherwise operate as a discharge of the Guarantor El Paso as a matter of law or equity (other than the indefeasible payment in full in cash of all the Trust Obligations).

No Discharge or Diminishment of Guarantee. The obligations of the Guarantor hereunder Guarantied Obligations shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Guarantied Obligations), including any claim of waiver, release, surrender, alteration or compromise of any of the Guaranteed Guarantied Obligations, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed Guarantied Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of the Guarantor Guarantied Obligations hereunder shall not be discharged or impaired or otherwise affected by the failure of the Administrative Collateral Agent or any Lender other Secured Party to assert any claim or demand or to enforce any remedy under the Credit this Agreement, any other Loan Document or any other agreementagreement or instrument, by any waiver or modification of any provision of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Guarantied Obligations, or by any other act or omission that may or might in any manner or to any extent vary the risk of the Guarantor Company or that would otherwise operate as a discharge of the Guarantor Company as a matter of law or equity (other than the indefeasible payment in full in cash of all the Guarantied Obligations).