Common use of Parent Guarantees Clause in Contracts

Parent Guarantees. Each of Holding and GPC, as primary obligor and not merely as surety, hereby irrevocably and fully and unconditionally, jointly and severally Guarantees (each, a “Parent Guarantee,” and each of Holding and GPC in such capacity, a “Parent Guarantor”), on an unsecured senior basis, the punctual payment when due, whether at Stated Maturity, by acceleration or otherwise, of all monetary obligations of the Company under this Indenture and the Notes, whether for principal of or interest on the Notes, expenses, indemnification or otherwise (all such obligations guaranteed by each Parent Guarantor being herein called the “Parent Guaranteed Obligations”).

Parent Guarantees. Each of Holding and GPCGPI Holding, as primary obligor and not merely as surety, hereby irrevocably and fully and unconditionally, jointly and severally Guarantees (each, a “Parent Guarantee,” and each of Holding and GPC GPI Holding in such capacity, a “Parent Guarantor”), on an unsecured senior subordinated basis, the punctual payment when due, whether at Stated Maturity, by acceleration or otherwise, of all monetary obligations of the Company under this Indenture and the Notes, whether for principal of or interest on the Notes, expenses, indemnification or otherwise (all such obligations guaranteed by each Parent Guarantor being herein called the “Parent Guaranteed Obligations”).

Parent Guarantees. Each of Holding and GPCGPI Holding, as primary obligor and not merely as surety, hereby irrevocably and fully and unconditionally, jointly and severally Guarantees (each, a “Parent Guarantee,” and each of Holding and GPC GPI Holding in such capacity, a “Parent Guarantor”), on an unsecured senior basis, the punctual payment when due, whether at Stated Maturity, by acceleration or otherwise, of all monetary obligations of the Company under this Indenture and the Notes, whether for principal of or interest on the Notes, expenses, indemnification or otherwise (all such obligations guaranteed by each Parent Guarantor being herein called the “Parent Guaranteed Obligations”).