Common use of Primary Liability Clause in Contracts

Primary Liability. It is expressly agreed that the liability of the Guarantor for the payment of the obligations guaranteed herein shall be primary and not secondary.

Appears in 5 contracts

Samples: Guaranty Agreement (Pride International Inc), Guaranty Agreement (American Classic Voyages Co), Guaranty Agreement (Pride International Inc)

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Primary Liability. It is expressly agreed that the liability ----------------- of the Guarantor for the payment of the obligations Indebtedness guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Samples: Neon Systems Inc

Primary Liability. It is expressly agreed that the liability of the Guarantor for the payment of the obligations Liabilities guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Samples: Guaranty Agreement (Midcoast Energy Resources Inc)

Primary Liability. It is expressly agreed that the liability of the Guarantor for the payment of the obligations Liabilities guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Samples: Guaranty Agreement (Harken Energy Corp)

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Primary Liability. It is expressly agreed that the liability of the Guarantor for the payment of the obligations guaranteed herein shall be primary and not secondary. 5.

Appears in 1 contract

Samples: Guaranty Agreement (Ensco International Inc)

Primary Liability. It is expressly agreed that the ----------------- liability of the Guarantor for the payment of the obligations Liabilities guaranteed herein hereby shall be primary and not secondary.

Appears in 1 contract

Samples: Guaranty Agreement (Pendaries Petroleum LTD)

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