Principal obligation. Each obligation of each Guarantor hereunder constitutes a principal, and not a secondary or ancillary obligation, to the intent that, without limiting in any way the operation of any of the other provisions of this clause 20, any limitation on the liability of a Guarantor which would otherwise arise by reason of its status as a Guarantor, co-Guarantor, indemnifier or co-indemnifier is hereby negatived.
Principal obligation. FOR VALUE RECEIVED, SUNVALLEY SOLAR, INC., a Nevada corporation (“Maker”), promises to pay to TXXX XXXXXX (“Holder”) the principal sum of U.S. Ninety Thousand Dollars (US $90,000).
Principal obligation. Each Guarantor’s obligations under clauses 10.1 and 10.2 and clauses 10.5 to 10.11 inclusive are that of principal debtor and not merely as surety.
Principal obligation. No provision of this Note shall alter or impair the obligation of the Corporation, which is absolute and unconditional , to pay the principal of and interest on this Note at the place, at the respective times, at the rate, and in the currency herein prescribed.
Principal obligation. This deed of guarantee will:
(a) be a principal obligation of the Guarantor and will not be treated as ancillary or collateral to any right or obligation;
(b) extend to cover the Agreements as amended, varied or replaced, whether with or without the consent of the Guarantor; and
(c) be a continuing guarantee and indemnity and will remain in full force and effect for so long as the Business has any liability or obligation to the Licensee and until all of those liabilities or obligations have been fully discharged.
Principal obligation. This guarantee shall be a principal obligation and shall be treated as in addition to and not in substitution for or collateral to any other security or right which the Supervisor may have under or by virtue of this Deed and in particular shall be independent of any other security to the intent that this guarantee may be enforced against each Guaranteeing Subsidiary without first having recourse to any such securities or rights and without taking steps or proceedings against FSSI or any other guarantor (including any Guaranteeing Subsidiary) and notwithstanding that any other security may be in whole or part unenforceable by reason of any rule of law or equity and notwithstanding the loss by the Supervisor of any other security or any acts or omissions on the part of the Supervisor, and irrespective of whether any steps or proceedings are being or have been taken against any other Guaranteeing Subsidiary (whether in its capacity as a guarantor or otherwise) and for any other person.
Principal obligation. Between the Guarantor and the Seller, the Guarantor is a primary debtor and contracts jointly and severally with the Buyer.
Principal obligation. This guarantee will:
(a) be a principal obligation of the Guarantor and will not be treated as ancillary or collateral to any right or obligation;
(b) extend to cover the Agreements as amended, varied or replaced, whether with or without the consent of the Guarantor; and
(c) be a continuing guarantee and indemnity and will remain in full force and effect for so long as the Franchisee has any liability or obligation to MLC Advice and until all of those liabilities or obligations have been fully discharged.
Principal obligation. The indemnity provided by the Guarantor in this Agreement shall be a principal obligation and may be enforced against the Guarantor without any responsibility or obligation on the part of the Company to proceed against the Client or any other person.
Principal obligation. 21.1 This Agreement is enforceable against the Guarantor:
21.1.1 without first enforcing anv securitv held bv the Lender or the Administrative Agent;
21.1.2 whether or not the Lender or the Administrative Agent has:
(i) made demand upon the Borrower;
(ii) given notice to the Borrower or the Guarantor; or
(iii) taken any other steps against the Borrower or the Guarantor, or any other person;
21.1.3 despite the occurrence of any event described in Clause 24.
