Common use of Payment of the Obligations Clause in Contracts

Payment of the Obligations. If any Obligation is not paid punctually when due, subject to any applicable grace period, including, without limitation, any Obligation due by acceleration of the maturity thereof, the Guarantor shall immediately pay such Obligation or cause such Obligation to be paid in full: (A) without deduction for any set-off, recoupment, defense, or counterclaim; (B) without requiring and notwithstanding the lack of protest or notice of nonpayment or default to the Guarantor, the Debtor, or any other person; (C) without demand for payment or proof of such demand; and (D) without requiring and without any obligation on the part of the Secured Party to resort first to the Debtor or to any collateral securing all or any part of the Obligations or this Guaranty, or to any other guaranty which the Secured Party may hold as security for payment of the Obligations.

Payment of the Obligations. If any Obligation is not paid punctually when due, subject to any applicable grace period, including, without limitation, any Obligation due by acceleration of the maturity thereof, the Guarantor shall immediately pay such Obligation or cause such Obligation to be paid in full: (A) without deduction for any set-off, recoupment, defense, or counterclaim; (B) without requiring and notwithstanding the lack of protest or notice of nonpayment or default to the Guarantor, the Debtor, or any other person; (C) without demand for payment or proof of such demand; and (D) without requiring and without any obligation on the part of the Secured Party to resort first to the Debtor Debtor, to the Collateral, or to any collateral securing all or any part of the Obligations or this Guaranty, or to any other guaranty or endorsement which the Secured Party may hold as security for payment of the Obligations.

Payment of the Obligations. If any Obligation is not paid punctually when due, subject to any applicable grace period, including, without limitation, any Obligation due by acceleration of the maturity thereof, the Guarantor shall immediately pay such Obligation or cause such Obligation to be paid in full: (A) without deduction for any set-off, recoupment, defense, or counterclaim; (B) without requiring and notwithstanding the lack of protest or notice of nonpayment or default to the Guarantor, the either Debtor, or any other person; (C) without demand for payment or proof of such demand; and (D) without requiring and without any obligation on the part of the Secured Party to resort first to the Debtor Debtors, to the Collateral, or to any collateral securing all or any part of the Obligations or this Guaranty, or to any other guaranty or endorsement which the Secured Party may hold as security for payment of the Obligations.

Payment of the Obligations. If any Obligation Obligations is not paid punctually when due, subject to any applicable grace period, including, without limitation, any Obligation due by acceleration of the maturity thereof, the Guarantor shall immediately pay such Obligation or cause such Obligation to be paid in full: (A) without deduction for any set-off, recoupment, defense, or counterclaim; (B) without requiring and notwithstanding the lack of protest or notice of nonpayment or default to of the Guarantor, the either Debtor, or any other person; (C) without demand for payment or proof of such demand; and (D) without requiring and without any obligation on the part of the Secured Party to resort first to the Debtor Debtors, to the Collateral, or to any collateral securing all or any part of the Obligations or this Guaranty, or to any other guaranty or endorsement which the Secured Party may hold as security for payment of the Obligations.