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.
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Samples: Interest Purchase Agreement (Holly Energy Partners Lp), Interest Purchase Agreement
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.
Appears in 1 contract
Samples: Interest Purchase Agreement (Holly Energy Partners Lp)
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.
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