Common use of No Release or Discharge Clause in Contracts

No Release or Discharge. . Subject to the limitations in Section 2.1 hereof, this Guaranty is a primary obligation of each Guarantor and shall be an irrevocable, unconditional, absolute and continuing guaranty, irrespective of: (a) any modification, amplification, amendment, supplement, renewal or waiver of the PSA or any of the terms or conditions of the PSA; (b) any postponement or extension of the date on which any payment must be made pursuant to the PSA or postponement or extension of the date on which any act must be performed by Obligor thereunder; or (c) any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a guarantor, including any termination of or change in corporate existence, structure or ownership of Obligor or each Guarantor, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting Obligor or its assets; all without notice to or further assent by each Guarantor, who shall remain bound by this Guaranty, which shall remain in full force and effect until all of the Guaranteed Obligations have been indefeasibly paid, notwithstanding any such event or circumstance or any such act by Beneficiary.

No Release or Discharge. . Subject to the limitations in Section 2.1 hereof, this Guaranty is a primary obligation of each Guarantor and shall be an irrevocable, unconditional, and absolute and continuing guaranty, irrespective of: (a) any modification, amplification, amendment, supplement, renewal or waiver of the PSA MPA or any of the terms or conditions of the PSAMPA; (b) any postponement or extension of the date on which any payment must be made pursuant to the PSA MPA or postponement or extension of the date on which any act must be performed by Obligor thereunder; or; (c) any change in the organization or structure of Beneficiary or any of its Affiliates; and (d) any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a guarantor, including any termination of or change in corporate existence, structure or ownership of Obligor or each Guarantor, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting Obligor or its assets; all without notice to or further assent by each Guarantor, who shall remain bound by this Guaranty, which shall remain in full force and effect until all of the Guaranteed Obligations have been indefeasibly paid, notwithstanding any such event or circumstance or any such act by Beneficiary.

No Release or Discharge. . Subject to the limitations in Section 2.1 hereof, this Guaranty is a primary obligation of each Guarantor and shall be an irrevocable, unconditional, absolute and continuing guaranty, irrespective of: (a) any modification, amplification, amendment, supplement, renewal or waiver of the PSA or any of the terms or conditions of the PSA; (b) any postponement or extension of the date on which any payment must be made pursuant to the PSA or postponement or extension of the date on which any act must be performed by Obligor thereunder; or (c) any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a guarantor, including any termination of or change in corporate existence, structure or ownership of Obligor or each Guarantor, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting Obligor or its assets; all without notice to or further assent by each Guarantor, who shall remain bound by this Guaranty, which shall remain in full force and effect until all of the Guaranteed Obligations have been indefeasibly paid, notwithstanding any such event or circumstance or any such act by Beneficiary.

No Release or Discharge. . Subject to the limitations in Section 2.1 hereof, this Guaranty is a primary obligation of each Guarantor and shall be an irrevocable, unconditional, and absolute and continuing guaranty, irrespective of: (a) any modification, amplification, amendment, supplement, renewal or waiver of the PSA MPA or any of the terms or conditions of the PSAMPA; (b) any postponement or extension of the date on which any payment must be made pursuant to the PSA MPA or postponement or extension of the date on which any act must be performed by each Obligor thereunder; or; (c) any change in the organization or structure of Beneficiary or any of its Affiliates; and (d) any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a guarantor, including any termination of or change in corporate existence, structure or ownership of any Obligor or each Guarantor, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting Obligor any Obligors or its assets; all without notice to or further assent by each Guarantor, who shall remain bound by this Guaranty, which shall remain in full force and effect until all of the Guaranteed Obligations have been indefeasibly paid, notwithstanding any such event or circumstance or any such act by Beneficiary.

No Release or Discharge. . Subject to the limitations in Section 2.1 hereof, this Guaranty is a primary obligation of each Guarantor and shall be an irrevocable, unconditionalabsolute, absolute full and continuing unconditional guaranty, irrespective of: (a) any modification, amplification, amendment, supplement, renewal or waiver of the PSA MPA or any of the terms or conditions of the PSAMPA; (b) any postponement or extension of the date on which any payment must be made pursuant to the PSA MPA or postponement or extension of the date on which any act must be performed by the Obligor thereunder; or; (c) any change in the organization or structure of Beneficiary or any of its Affiliates; and (d) any other circumstances which might otherwise constitute a legal or equitable discharge or defense of a guarantor, including any termination of or change in corporate existence, structure or ownership of the Obligor or each Guarantor, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting the Obligor or its assets; all without notice to or further assent by each Guarantor, who shall remain bound by this Guaranty, which shall remain in full force and effect until all of the Guaranteed Obligations have been indefeasibly paid, notwithstanding any such event or circumstance or any such act by Beneficiary.