Common use of Payment Guaranty Clause in Contracts

Payment Guaranty. a. The Borrower will pay the Note secured by this Security Agreement and any renewal or extensions thereof in accordance with the terms and provisions of the Note. The Borrower also will repay immediately all sums expended by the Secured Party in accordance with the terms and provisions of this Security Agreement. b. Growlife and Phototron hereby jointly and severally, unconditionally guaranty (a) the due and punctual payment of the principal of, premium on, if any, and interest, if any, on, the Note, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of, premium on, if any, and interest, if any, on, the Note, if any, if lawful, and the due and punctual performance of all other obligations of the Borrower to the Secured Party all in accordance with the terms of the Note and (b) in case of any extension of time of payment or renewal of the Note or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.

Payment Guaranty. a. The Borrower will pay the Note Notes secured by this Security Agreement and any renewal or extensions thereof in accordance with the terms and provisions of the NoteNotes. The Borrower also will repay immediately all sums expended by the Secured Party Parties in accordance with the terms and provisions of this Security Agreement. b. Growlife and Phototron hereby jointly and severally, unconditionally guaranty (a) the due and punctual payment of the principal of, premium on, if any, and interest, if any, on, the NoteNotes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of, premium on, if any, and interest, if any, on, the NoteNotes, if any, if lawful, and the due and punctual performance of all other obligations of the Borrower to the Secured Party Parties all in accordance with the terms of the Note Notes and (b) in case of any extension of time of payment or renewal of the Note Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.

Payment Guaranty. a. (a) The Borrower will pay the Note Notes secured by this Security Agreement and any renewal or extensions thereof in accordance with the terms and provisions of the NoteNotes. The Borrower also will repay immediately all sums expended by the Secured Party Parties in accordance with the terms and provisions of this Security Agreement. b. (b) Growlife and Phototron hereby jointly and severally, unconditionally guaranty guarantees (a) the due and punctual payment of the principal of, premium on, if any, and interest, if any, on, the NoteNotes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of, premium on, if any, and interest, if any, on, the NoteNotes, if any, if lawful, and the due and punctual performance of all other obligations of the Borrower to the Secured Party Parties all in accordance with the terms of the Note Notes and (b) in case of any extension of time of payment or renewal of the Note Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.

Payment Guaranty. a. (a) The Borrower will pay the Note Notes secured by this Security Agreement and any renewal or extensions thereof in accordance with the terms and provisions of the NoteNotes. The Borrower also will repay immediately all sums expended by the Secured Party Parties in accordance with the terms and provisions of this Security Agreement. b. (b) Growlife and Phototron hereby jointly and severally, unconditionally guaranty (a) the due and punctual payment of the principal of, premium on, if any, and interest, if any, on, the NoteNotes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of, premium on, if any, and interest, if any, on, the NoteNotes, if any, if lawful, and the due and punctual performance of all other obligations of the Borrower to the Secured Party Parties all in accordance with the terms of the Note Notes and (b) in case of any extension of time of payment or renewal of the Note Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise.