Common use of Payment and Performance Guaranty Clause in Contracts

Payment and Performance Guaranty. HFC unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to Buyer the punctual and complete payment in full when due of all Buyer Indemnified Costs by the Indemnifying Party under the Agreement (collectively, the “Payment Obligations”). HFC agrees that Buyer shall be entitled to enforce directly against HFC any of the Payment Obligations.

Payment and Performance Guaranty. HFC unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to Buyer Sellers the punctual and complete performance and payment in full when due of all Buyer Seller Indemnified Costs by the Indemnifying Party under the Agreement (collectively, the “Payment HFC Guaranty Obligations”). HFC agrees that Buyer Sellers shall be entitled to enforce directly against HFC any of the Payment HFC Guaranty Obligations.

Payment and Performance Guaranty. HFC unconditionally, absolutely, continually and irrevocably guarantees, as principal and not as surety, to Buyer the punctual and complete performance and payment in full when due of all Buyer Indemnified Costs by the Indemnifying Party under the Agreement (collectively, the “Payment HFC Guaranty Obligations”). HFC agrees that Buyer shall be entitled to enforce directly against HFC any of the Payment HFC Guaranty Obligations.